BGS says new discovery could add “additional tonnages”

Published at Aug 11, 2016, in Mining

Birimian Limited (ASX:BGS) has found a new zone of lithium mineralisation at its flagship Bougouni project – and it could add “additional resource tonnages”.

It released the next set of drilling results to its investors today, following up on both the Goulamina main zone and Goulamina West – previously identified on technical work.

The high grade and broad hits from reverse circulation drilling at the West zone included:

  • 47m @ 1.86% lithium oxide from 48m, including 10m @ 1.79% Li2O from 6m and;
  • 11m @ 2.19% Li2O

BGS said it was pleased by the drilling, saying the new discovery had the potential to “significantly expand[s] scope for additional resource tonnages.”

While the West zone drilling is the headline, BGS continues to firm up its prospects at the main zone, with the latest results confirming that high grade mineralisation continues for at least 700m of strike.

It said that given the “highly continuous nature” of the Goulamina pegmatite, it is quite possible will continue along strike and at “considerable” depth outside the present limits of drilling.

A cross section of the drilling

A cross section of the drilling

About 90% of the planned diamond drilling at the Goulamina main zone has been done – with BGS so excited by the Goulamina West zone that it said it would move the diamond drilling rig over to the new zone as soon as it’s done at the main zone.

In other news, it said it would have a JORC-compliant resource in the bag by October.

This is yet to occur, so take a cautious approach to any investment decision you make with regard to this stock and seek professional financial advice for further information.

About BGS and Bougouni

Interestingly, the project has a conceptual target of 15 million to 18 million tonnes at an average grade of between 1.8 and 2.2% Li2O.

The target was based on drilling and analysis carried out by CSA Global and funded by the World Bank aimed at finding resources which could stimulate the economy of Mali – where mining projects can be difficult to bring to fruition because of internal issues.

The drilling, however, is not JORC-compliant, meaning BGS needs to conduct its own program before putting together a resource.

It had previously said that a resource would come before the end of the year, but today’s release narrows it down to October.

Birimian Limited itself is a multi-commodity mineral exploration company holding substantial interests in several lithium and gold projects in West Africa.

The company is actively exploring in excess of 2000km2 of highly prospective tenure in Mali and Liberia, and continues to work to secure additional high potential projects in the region.

Birimian’s projects include the Bougouni Lithium Project, the advanced Massigui Gold Project, and the Dankassa Gold Project, all situated in southern Mali. The company also operates the Basawa Gold Project in Liberia.

Where to invest $1,000 right now

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!