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Mali Lithium (ASX:MLL) reports high-grade intersections at Goulamina
  • Mali Lithium (MLL) has reported further wide, high-grade intersections at its Goulamina Lithium Project in southern Mali
  • Importantly, a new spodumene pegmatite has been intersected at the Bara prospect
  • Managing Director Chris Evans considers this discovery a testament to the potential of Goulamina
  • The current drilling program is preparing for an updated Mineral Resource and Ore Reserve
  • These are both expected in the next three months
  • Mali Lithium is up 7.59 per cent and shares are trading for 8.5 cents each

Mali Lithium (MLL) has completed the reverse circulation (RC) drilling stage of its resource drilling program at the Goulamina Lithium Project in southern Mali.

This latest round has returned further wide, high-grade intersections from the Sangar I and II spodumene pegmatites.

Importantly, a new spodumene pegmatite has also been intersected at the Bara prospect, which is 1.2 kilometres south of Danaya.

"The discovery of spodumene-bearing wide pegmatite intersections at the Bara prospect also highlights the prospectivity of our tenement package," Managing Director Chris Evans commented.

Best new results include: 25 metres at 1.97 per cent Li2O from 134 metres, 52 metres at 1.44 per cent Li2O from 155 metres, 49 metres at 1.82 per cent Li2O from 115 metres and 34 metres at 1.81 per cent Li2O from 136 metres.

These results build on the high-grade mineralisation results announced to the market on January 23.

Previous results included: 39 metres at 1.84 per cent lithium oxide, 44 metres at 1.76 per cent lithium oxide from 159 metres, and 50 metres at 1.60 per cent lithium oxide from 137 metres.

The current drilling program is testing geophysical and structural hydrological targets within Goulamina and helping to complete geotechnical test work for the construction of processing facilities.

Additionally, Mali is gearing up for a Mineral Resource update which is expected by the end of March.

Following this, Mali will prepare an updated Ore Reserve, with a completed definitive feasibility study by May 2020.

Mali Lithium is up 7.59 per cent and shares are trading for 8.5 cents each at 11:12 am AEDT.


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