Kodal Minerals Defines New Gold Anomaly at Nielle License in Ivory Coast
20 February 2018 - 7:57PM
Dow Jones News
By Oliver Griffin
Kodal Minerals PLC (KOD.LN) said Tuesday that drilling has
defined a new gold anomaly at the joint venture Nielle Exploration
Program in Ivory Coast, returning grades of up to 8.28 grams of
gold per ton.
The mining company, which has two joint ventures in the Ivory
Coast, of which the Nielle Exploration Program is shared with
Resolute Mining Ltd. (RSG.AU), said that the results warranted
further exploration on the Nielle mining license.
The company also said that Newcrest Mining Ltd. (NCM.AU) has
given notice of its intention to withdraw from the Dabakala joint
venture--Kodal Mineral's second in the Ivory Coast--leaving Kodal
Minerals owning 100% of the license.
Kodal Minerals said it is now looking at opportunities for this
landholding, which include direct geochemical sampling, or entering
into further joint ventures.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
February 20, 2018 03:42 ET (08:42 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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