Kodal Minerals Progresses With Gold Projects in West Africa
26 July 2016 - 6:00PM
Dow Jones News
By Alex MacDonald
LONDON--Kodal Minerals PLC (KOD.LN) said Tuesday it is making
progress with the development of its gold projects in West
Africa.
The company is digging a further five trenches at its Nangalasso
gold project in Mali with test results due in August.
Meanwhile it is conducting geochemical sampling at its
100%-owned Korhogo gold project in the Ivory Coast and said its
joint venture partner Newcrest Mining Ltd. (NCM.AU) has restarted
field work at the Dabakala gold project in the Ivory Coast.
Resolute Mining Ltd. (RSG.AU) is carrying out geochemical sampling
at jointly-owned Nielle and Tiebissou projects in the Ivory Coast
while discussions are ongoing with the Ivory Coast government for
the granting of the M'Bahaikro licence to allow field work to start
there.
Kodal's shares were up 5.6% at 0.048 pence a share, resulting in
a market capitalization of 1.8 million pounds or $2.4 million.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
July 26, 2016 03:45 ET (07:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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