AMN - MALI: High-grade gold results at Koting

Aspiring lithium producer Mali Lithium has completed an RC drilling program at its Koting Gold Project in Mali and has received positive results. Standout intersections from K1 prospect are 4 metres at 11.1 g/t gold including 1-metre at 34.1 g/t and 12 metres at 8.9 g/t including 6 metres at 16.5 g/t.

Several other anomalies are untested or partially tested at Koting.

While still focusing on and continuing to advance the Goulamina Lithium Project in Southern Mali, the company has taken the opportunity to review its portfolio of highly prospective gold tenements in the region.

This portfolio has already generated A$4.46 million in royalties over the past 12 months through a joint venture with Barrick Gold’s Morila Gold mine.

The Koting project is adjacent to the Morila mine and was chosen to test for potential to develop further resources for potential treatment at Morila.

The Koting project is in the Massigui tenement area, about 50km to the east of Goulamina.

Mali is the third-largest gold producer in Africa and the company’s gold tenements are in close proximity to a number of world-class gold operations operated by international companies, including Barrick, Resolute Mining, Anglo Gold Ashanti and Hummingbird Resources.

Mali Lithium managing director Chris Evans said the results of the RC program at K1 were highly encouraging and validated the other identified anomalies at Koting.

“The high-grade nature of some of the intersections indicate the potential tenor of mineralisation that may be discovered at other nearby prospects within our Koting land holding.

“Mali Lithium is committed to, and focused on, developing its flagship Goulamina Lithium Project, but recognises the potential for discovering additional gold mineralisation close to Barrick Gold’s Morila Plant.”

Goulamina is fully permitted and is home to the world’s largest uncommitted hard rock lithium reserve.

The company is completing its definitive feasibility study after the results of its pre-feasibility study were released in July 2018.

In March 2019, the company received its Environmental Permit approval from the Malian Government.

www.malilithium.com