Birimian begins lithium quest
Birimian Gold (ASX:BGS) is off and racing in its transition from a gold play to a lithium player – unveiling its first drilling campaign at its Bougouni project in Mali.
BGS told shareholders that a reverse circulation drilling rig was on site in Mali and a diamond drilling rig would be on site in about three weeks.
BGs is aiming to drill 5000m at the project, which has an exploration target of 15 – 18 million tonnes of lithium oxide at an average grade of 2.2%.
The exploration target was informed by previous work done by mining consultancy CSA Global as part of a program funded by the World Bank aimed at stimulating the economy of Mali – which remains a high jurisdictional risk. Getting mining projects up and running in countries such as Mali is no simple feat, and there may be challenges ahead.
CSA Global undertook a systematic sampling program at the site to grab a bulk sample, which was then processed to produce a 6.7% concentrate – proving that rock from Bougouni could be processed into a saleable product.
The aim of the drilling is to fast-track an initial resource estimate and release a scoping study by the end of the year.
About Birimian Gold (ASX:BGS)
Birimian Gold 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 Gold’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.
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
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.
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.