By Samuel Indyk
Investing.com – Kodal Minerals has provided an update on its gold exploration in Côte d’Ivoire which includes the return of high-grade surface geochemical results from the Dabakala concession.
The AIM-listed mineral exploration company said geochemical sampling continues to return high-grade surface samples at new discovery zone, with new assay results showing up to 1.97g of gold per ton.
The company confirmed continuity of high-grade gold anomalism extending for over 11km and surface width up to 3km.
“The wide-spread, consistent surface gold anomalism at Dabakala is an enticing prospect with multiple newly defined gold trends in a previously unexplored region,” Kodal Minerals (LON:KOD) CEO Bernard Aylward said in a statement to the London Stock Exchange. “We are excited to undertake the reconnaissance drilling here to determine the potential for primary gold mineralisation to be discovered.”
The company also announced aircore and reverse drilling has been completed at the Nielle concession in Côte d'Ivoire with all samples sent to the laboratory for gold analysis.
“Our work at the Nielle Concession has targeted a strong zone of gold mineralisation identified from earlier work and our geologists have reported encouraging information from the drilling chips,” Aylward added.
AT 09:02BST, shares in Kodal Minerals were trading higher by 7.7% at 0.35 pence per share.