http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 22 Aug 2017 09:29:08 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Oklo Resources' Seko discovery, six months on gold source is found ]]> http://www.proactiveinvestors.com.au/companies/news/182505/oklo-resources-seko-discovery-six-months-on-gold-source-is-found-182505.html Oklo Resources Ltd (ASX:OKU) has been a top performer on the ASX since the Seko discovery earlier this year, with shares in the company more than doubling over that time to A$0.29.

Oklo is focused on the Kenieba Inlier of western Mali, where it's Dandoko and adjoining Moussala Projects are located.

The area has a rich endowment of gold, with Oklo's projects located 30 kilometres to the east of B2Gold’s 5.15 million gold ounce Fekola Project, and 50 kilometres to the south-southeast of Randgold’s 12.5 million gold ounce Loulo Mine.

Importance of the Seko prospect

Oklo's exploration strategy across its projects included a 74,000 metre auger program, which has all been modelled, and provided the Seko target.

This year Oklo has drilled into Seko 16,700 metres of air-core and 960 metres of diamond.

The importance of the Seko prospect is that within each hole the company noted lots of alterations, which is indicative of a large gold system.

Latest assays

Assays have now been received from the stratigraphic diamond drilling program at four of the Seko gold trends.

The previously announced reverse circulation pre-collar intersection of: 65.6 metres at 2.20g/t gold; has been extended by the diamond tail to: 74 metres at 2.12g/t gold from 85 metres.

Another hole intersected: 73 metres at 1.02g/t gold from 94 metres, including 17 metres at 2.01 g/t gold; and 19 metres at 1.10 g/t gold.

Wide zone of anomalous gold mineralisation were intersected at Anomaly 2.

More assays are pending from a further 33 shallow air-core holes.

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Wed, 16 Aug 2017 13:46:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182505/oklo-resources-seko-discovery-six-months-on-gold-source-is-found-182505.html
<![CDATA[News - Oklo Resources reveals more Seko gold, assays pending from deeper diamond drilling ]]> http://www.proactiveinvestors.com.au/companies/news/182346/oklo-resources-reveals-more-seko-gold-assays-pending-from-deeper-diamond-drilling-182346.html Oklo Resources Ltd (ASX:OKU) is using gold exploration success to continue to swell the potential of the Seko prospect, located within the company's Dandoko Project in western Mali.

Dandoko is positioned in elephant country, and is 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

Shares in the company have doubled in the past 12-months to $0.345.

Latest assays

Today's results are from a further 59 aircore infill and step-out holes, with highlights:

Anomaly 2:

- 28 metres at 3.38g/t gold from 2 metres to end of hole; including 17 metres at 5.04g/t gold; and
- 40 metres at 1.51g/t gold from surface to end of hole; including 25 metres at 2.15g/t gold.

Anomaly 3:

- 31 metres at 1.02g/t gold from 65 metres to end of hole; including
4 metres at 2.08g/t gold.

Anomaly 1:

- 8 metres at 2.69g/t gold from 16 metres; including 2 metres at 4.66g/t gold.

More assays pending

Seko has the potential to yield more gold in the near-term, with assays pending from a further 33 aircore and five deeper diamond holes.

Analysis

Today's broad gold intersections build on highlights from July such as: 65.6 metres at 2.20 g/t gold.

Aircore drilling has been consistently intersecting gold during the company's drilling programs at Seko, but what will build further interest of the depth potential will be assays from the recently completed diamond drilling.

This program tested Anomalies 1, 2, 3 and 5.

Significantly, all holes intersected significant alteration zones in fresh rock over wide intervals variously characterised by silicification and carbonation (ankerite), sulphide and quartz mineralisation.

Oklo remains well-funded with $14.8 million in cash at the end of June 2017.

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Mon, 14 Aug 2017 10:25:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182346/oklo-resources-reveals-more-seko-gold-assays-pending-from-deeper-diamond-drilling-182346.html
<![CDATA[News - Oklo Resources hits 65-metre golden intersection at Seko ]]> http://www.proactiveinvestors.com.au/companies/news/181376/oklo-resources-hits-65-metre-golden-intersection-at-seko-181376.html Oklo Resources (ASX:OKU) has intersected 65.6 metres at 2.20 g/t gold at the Seko prospect within the Dandoko Project located in western Mali.

The intersection has sent the company’s shares up 25% in this morning’s trade.

Assays have been received to the end of the reverse circulation pre-collar, which is where the intersection ended.

Significantly, assays for the diamond extension of 70 metres are awaiting assay, potentially increasing the gold zone.

All assay results from the six hole diamond drilling program and the remaining 93 aircore holes are outstanding and will be reported as they come to hand.

Assay results

Assay results received from the reverse circulation pre-collar hole to 150.6 metres depth includes:

- 65.6 metres at 2.20 g/t gold from 85 metres to end of pre-collar including 29 metres at 3.07 g/t gold from 86 metres and 20.6 metres at 2.48 g/t gold from 130 metres to end of pre-collar.

Other smaller intersection within these broader zones includes:

- 8 metres at 5.38 g/t gold from 130 metres;
- 6 metres at 11.08 g/t gold from 103 metres; and
- 1 metre at 20.59 g/t gold from 104 metres.

Assays are from the pre-collar section of the drill hole on diamond hole DDH5, which was drilled to a total depth of 220.8 metres.

About the diamond drilling program

The recently completed diamond program, comprising 6 holes for 961 metres, tested four separate anomalies at Seko (Anomalies 1, 2, 3 and 5).

All holes achieved a maximum downhole depth of 220.8 metres for a vertical depth ~180 metres.

Significantly, all holes intersected significant alteration zones in fresh rock over wide intervals variously characterised by silicification and carbonation (ankerite), sulphide and quartz mineralisation.

The Seko prospect

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

Recently completed aircore drilling at Seko totalled 182 holes and results are pending for 93 holes.

Highlights from the first 89 holes included 13 metres at 2.29 g/t gold from 83 metres depth to end-of-hole.

Seko lies within the Dandoko Project, which is located within the Kenieba Inlier of western Mali.

Dandoko lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

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Tue, 25 Jul 2017 11:49:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181376/oklo-resources-hits-65-metre-golden-intersection-at-seko-181376.html
<![CDATA[News - Oklo Resources Ltd receives more gold assays from Seko ]]> http://www.proactiveinvestors.com.au/companies/news/180726/oklo-resources-ltd-receives-more-gold-assays-from-seko-180726.html Oklo Resources Ltd (ASX:OKU) has received assay results for 89 drilled aircore holes at the Seko gold prospect within the Dandoko Project located in Mali.

The infill and step-out holes were completed at Seko testing for extensions to previously discovered shallow, oxide gold mineralisation.

Highlights include 13 metres at 2.29 g/t gold from 83 metres depth to end of hole.

The aircore program totalled 182 holes and results from the remaining 93 holes will be reported as they come to hand.

Assay results from five diamond drill holes are also pending from the Seko prospect.

Drill result details

Assays results received from 89 of the 182 aircore infill and step-out holes completed at Seko testing for extensions to previously reported shallow, oxide gold mineralisation.

Significant intersections include:

- 13 metres at 2.29 g/t gold from 83 metres to end of hole;
- 17 metres at 4.04 g/t gold from 16 metres to end of hole;
- 34 metres at 1.92 g/t gold from 11 metres including 22 metres at 2.05 g/t gold;
- 5 metres at 10.25 g/t gold from 10 metres;
- 6 metres at 2.58 g/t gold from 44 metres;
- 3 metres at 3.46 g/t gold from 69 metres; and
- 44 metres at 0.69 g/t gold from 12 metres including 6 metres at 1.18 g/t gold.
Assays results are pending from the 5 deeper diamond holes completed at Seko, which all intersected significant alteration zones in fresh rock over wide intervals.

The diamond holes across four of the Seko trends were designed to provide valuable geological and structural information on the primary mineralisation below the previously reported significant aircore drilling results to assist in the planning of deeper reverse circulation drill holes.

Seko background

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

Significant intersections include: 15 metres at 3.02 g/t gold, 18 metres at 2.01 g/t gold, 54 metres at 1.37 g/t gold and 24 metres at 2.02 g/t gold.

Seko lies within the Dandoko Project, which is located within the Kenieba Inlier of western Mali.

Dandoko lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

Analysis

The follow-up aircore holes have successfully confirmed the presence of further significant zones of oxide gold mineralisation over strike lengths in excess of 500 metres at two anomalies.

Exploration based news flow is expected to continue over the short term with the remaining assays from the completed drill program pending.

The diamond and aircore drilling programs mark the conclusion of Oklo’s aggressive 2017 drilling campaign of over 100,000 metres prior to the onset of this wet season.

Oklo is in a healthy financial position, with a recent option exercise boosting the company’s cash position to $14.5 million.

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Wed, 12 Jul 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180726/oklo-resources-ltd-receives-more-gold-assays-from-seko-180726.html
<![CDATA[News - Oklo Resources Ltd's Michael Fotios and Simon Taylor increase stakes ]]> http://www.proactiveinvestors.com.au/companies/news/180718/oklo-resources-ltd-s-michael-fotios-and-simon-taylor-increase-stakes-180718.html Oklo Resources Ltd (ASX:OKU) has been a top performing explorer on the ASX over the past eighteen months, on the back of continued gold drilling success from the Dandoko Project in Mali.

Oklo last traded at $0.22 per share, or more than four times its valuation at the end of 2016.

The rising share price has provided strong cash inflows from the exercise of in-the-money options.

Michael Fotios, chairman, exercised one million $0.125 options at the end of June 2017 for a consideration of $125,000.

His indirect stake has now increased to 5.2 million shares and one million unlisted options.

Simon Taylor, managing director, exercised 500,000 of the same options for an investment of $62,500.

Taylor's indirect stake is now circa 3.2 million shares, with several lines of options.

It wasn't just the company directors participating in the option exercise. Almost every option from the 30 June 2017 series was exercised, providing Oklo with an additional $3 million in cash.

New substantial shareholder

Oklo has also received a notice of initial substantial shareholder from the Hawkestone Group, which holds 19.7 million shares for a 6.53% stake.

Mali gold

Oklo's Dandoko Project is located within the Kenieba Inlier of western Mali, and recent exploration success has been coming from the Seko prospect.

Significant intersections include: 15 metres at 3.02 g/t gold, 18 metres at 2.01 g/t gold, 54 metres at 1.37 g/t gold and 24 metres at 2.02 g/t gold.

Dandoko is positioned 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

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Wed, 12 Jul 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180718/oklo-resources-ltd-s-michael-fotios-and-simon-taylor-increase-stakes-180718.html
<![CDATA[News - Oklo Resources Ltd swells cash position from in-the-money options ]]> http://www.proactiveinvestors.com.au/companies/news/180343/oklo-resources-ltd-swells-cash-position-from-in-the-money-options-180343.html Oklo Resources Ltd (ASX:OKU) shareholders made instant paper gains as 99.99% of the $0.125 30 June 2017 in-the-money options were snapped up.

Oklo last traded at $0.235, providing an 88% gain. Shares are expected to be issued later this week.

The options provided the company with almost $3 million, and in addition to the recent $8.7 million share placement, Oklo's cash position has swelled to $14.5 million.

Oklo is therefore well placed to continue aggressive exploration campaigns over its gold projects in Mali, west Africa.


Exploration news pending

Simon Taylor, managing director, commented: "We eagerly await assay results from the recently completed diamond and air-core drilling programs at Seko, that mark the conclusion of Oklo’s very successful 2017 drilling campaign of over 100,000 metres prior to the onset of the wet season."


Seko background

Currently, the Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

Significant intersections include: 15 metres at 3.02 g/t gold, 18 metres at 2.01 g/t gold, 54 metres at 1.37 g/t gold and 24 metres at 2.02 g/t gold.

Seko lies within the Dandoko Project, which is located within the Kenieba Inlier of western Mali.

Dandoko is positioned 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

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Wed, 05 Jul 2017 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180343/oklo-resources-ltd-swells-cash-position-from-in-the-money-options-180343.html
<![CDATA[News - Oklo Resources confirms Seko gold trend at depth ]]> http://www.proactiveinvestors.com.au/companies/news/179579/oklo-resources-confirms-seko-gold-trend-at-depth-179579.html Oklo Resources (ASX:OKU) has completed first-pass diamond drilling and follow-up aircore drilling at the Seko gold prospect within the Dandoko Project located in Mali.

The drilling programs were designed to test for both strike and depth extensions to the significant shallow oxide gold mineralisation previously encountered at Seko.

Aircore drilling to a vertical depth of circa 80 metres has now totalled 183 holes for 11,517 metres and the recent deeper diamond drilling comprised 6 holes for 961 metres.

Significantly, all diamond holes successfully intersected significant alteration zones in fresh rock over wide intervals.

Both the aircore and diamond drilling programs have now been completed with drilling activities halted pending assays and the onset of the wet season.


Seko drilling program details

A first pass stratigraphic diamond drilling program, comprising of 6 holes for 961 metres, was recently completed testing anomalies 1,2,3 and 5 at Seko.

All holes were angled the same and achieved a maximum downhole depth of 221 metres for a vertical depth of circa 180 metres.

The diamond holes across four of the Seko trends were designed to provide valuable geological and structural information on the primary mineralisation below the previously reported significant aircore drilling results to assist in the planning of deeper reverse circulation drill holes.

The infill aircore drilling program comprising 11,517 metres in 183 holes tested for strike extensions to the previously drilled shallow oxide gold mineralisation at Seko.

The diamond and aircore drilling programs mark the conclusion of Oklo’s aggressive 2017 drilling campaign of over 100,000 metres prior to the onset of this wet season.


Seko background

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

Significant intersections include: 15 metres at 3.02 g/t gold, 18 metres at 2.01 g/t gold, 54 metres at 1.37 g/t gold and 24 metres at 2.02 g/t gold.

Seko lies within the Dandoko Project, which is located within the Kenieba Inlier of western Mali.

Dandoko lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

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Wed, 21 Jun 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179579/oklo-resources-confirms-seko-gold-trend-at-depth-179579.html
<![CDATA[News - Oklo Resources aggressively drilling out Seko gold discovery ]]> http://www.proactiveinvestors.com.au/companies/news/178422/oklo-resources-aggressively-drilling-out-seko-gold-discovery-178422.html Oklo Resources (ASX:OKU) has completed 8,422 metres of the planned 10,000 metre follow-up aircore program over the Seko gold trends within the Dandoko Project located in Mali.

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

This current aircore drilling follows the successful first pass aircore program, which confirmed the presence of significant bedrock gold mineralisation at all five auger anomalies tested.

Furthermore, a diamond rig arrived on site last week and a 600 metre program has commenced on three of the Seko trends.

Deeper reverse circulation drilling is planned to follow the current Seko aircore and diamond program to further evaluate the gold mineralisation in fresh rock.


Drilling at Moussala Project

The Moussala Project, like the Dandoko Project is located within the Kenieba Inlier of western Mali.

The two projects lie 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

All assay results have been received from the 1,638 hole, 19,850 metre reconnaissance program over the Moussala Project.

Numerous new gold trends were delineated from the first pass auger program with values up to 5.8 g/t gold recorded.

Further encouraging zones of gold anomalism were successfully outlined including at the Dakadia, Dakadia South and Brundoto prospects related to interpreted regional structures

More detailed auger drilling will begin at Moussala once current assay results are integrated with other exploration data including the aeromagnetic and radiometric survey.

Dakadia will be the focus of initial follow-up work.


Recent capital raising

During early May 2017, Oklo received commitments to raise $8.7 million at $0.24 per share in a share placement.

Proceeds are being primarily used for the acceleration of exploration activities over the company’s Mali Gold Projects.

BlackRock Group, the world's largest asset manager, participated in the placement and increased its shareholding to 14.89%.

Furthermore, additional funds are expected from the exercise of in-the-money options during June, raising an additional circa $3 million.

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Mon, 29 May 2017 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178422/oklo-resources-aggressively-drilling-out-seko-gold-discovery-178422.html
<![CDATA[News - Oklo Resources: World's largest asset manager boosts position ]]> http://www.proactiveinvestors.com.au/companies/news/177472/oklo-resources-world-s-largest-asset-manager-boosts-position-177472.html Oklo Resources (ASX:OKU) has received more support from globally renoewed BlackRock Group, which has increased its position in the company to 14.89% from 10.33%.

The nature of change was from the participation in a placement.

BlackRock Group is the world's largest asset manager.

Oklo has commenced a new drilling program at the Seko prospect within the company's Dandoko project, which has been confirmed as a significant new gold discovery.

Air-core will be the predominant drill method employed due to its cost effectiveness in the deep weathering profile.

The program will be completed on nominal 120 metre spaced lines along the interpreted strike extents of the auger-defined gold trends.

Deeper reverse circulation drilling is planned to follow the air-core program to further evaluate the gold mineralisation in fresh rock.

The company's Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

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Tue, 09 May 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177472/oklo-resources-world-s-largest-asset-manager-boosts-position-177472.html
<![CDATA[News - Oklo Resources commences next drilling phase at Seko gold discovery ]]> http://www.proactiveinvestors.com.au/companies/news/177405/oklo-resources-commences-next-drilling-phase-at-seko-gold-discovery-177405.html Oklo Resources (ASX:OKU) has been a stand-out gold explorer during 2017, with the valuation of the company doubling to circa $50 million.

Driving the positive re-rating has been continued gold exploration success at its interests in Mali.

This has been primarily from results at the Seko prospect within the company's Dandoko project, which has been confirmed as a significant new gold discovery.

Oklo has been well-supported by international institutional and sophisticated investors, which recently helped the company raise $8.7 million.

Additional funds are expected from the exercise of in-the-money options during June, raising an additional circa $3 million.


Next exploration steps

Previously announced significant intersections include: 15 metres at 3.02g/t gold, 18 metres at 2.01g/t gold, 54 metres at 1.37g/t gold and 24 metres at 2.02g/t gold.

A follow-up 10,000 metre drilling program has now commenced and will consist of a combination of air-core, diamond and reverse circulation drilling.

The air-core will be the predominant drill method employed due to its cost effectiveness in the deep weathering profile.

The program will be completed on nominal 120 metre spaced lines along the interpreted strike extents of the auger-defined gold trends.

Deeper reverse circulation drilling is planned to follow the air-core program to further evaluate the gold mineralisation in fresh rock.

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Mon, 08 May 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177405/oklo-resources-commences-next-drilling-phase-at-seko-gold-discovery-177405.html
<![CDATA[News - Oklo Resources welcomes BlackRock Group as major shareholder ]]> http://www.proactiveinvestors.com.au/companies/news/177336/oklo-resources-welcomes-blackrock-group-as-major-shareholder-177336.html Oklo Resources (ASX:OKU) has a new substantial shareholder as BlackRock Group has taken a 10.33% initial stake in the Mali gold company.

BlackRock is the world's largest asset manager and purchased the majority of its 24.9 million shares at $0.24.

Oklo recently received commitments to raise $8.7 million in a share placement.

Proceeds will primarily be used to accelerate exploration activities over the company’s Mali Gold Projects.

The company's Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

Results from the upcoming drilling programs are expected at the Seko discovery within the Dandoko project.

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Fri, 05 May 2017 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177336/oklo-resources-welcomes-blackrock-group-as-major-shareholder-177336.html
<![CDATA[News - Oklo Resources gold exploration success delivers capital raising windfall ]]> http://www.proactiveinvestors.com.au/companies/news/177119/oklo-resources-gold-exploration-success-delivers-capital-raising-windfall-177119.html Oklo Resources (ASX:OKU) continued gold exploration success in Mali has attracted domestic and international institutional and sophisticated investors to an oversubscribed raising.

Adding further support for the company's strategy, demand also came from a pre-eminent global resource fund as a cornerstone investor to the placement.

Oklo has received commitments to raise $8.7 million at $0.24 per share under the existing placement capacity.

Proceeds will primarily be used to accelerate exploration activities over the company’s Mali Gold Projects.

Simon Taylor, managing director, commented:

"The company is delighted with the strong interest shown in this capital raising following the recent positive aircore drill hole results from the Seko discovery at our Dandoko project in west Mali.

"We look forward to further positive news flow in the weeks ahead with the next phase of infill drilling about to commence at Seko."

Seko has been confirmed as a significant new gold discovery.


Analysis

On the back of today's raising, Oklo is also expecting further cash inflows of circa $3 million from the exercise of in-the-money options during June.

This positions the company to accelerate drilling activities at Seko and over its other highly prospective exploration targets.

Adding interest, during the March quarter two new substantial shareholders emerged in Chalice Gold Mines (ASX:CHN) with 9% and Resolute Mining (ASX:RSG) with 5%.

Drilling during the March quarter included 71,961 metres of auger, 5,250 metres of aircore and 7,946 metres of reverse circulation.

More results are pending within coming weeks.

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Tue, 02 May 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177119/oklo-resources-gold-exploration-success-delivers-capital-raising-windfall-177119.html
<![CDATA[News - Oklo Resources to lift cash balance for West African gold ]]> http://www.proactiveinvestors.com.au/companies/news/177022/oklo-resources-to-lift-cash-balance-for-west-african-gold-177022.html Oklo Resources (ASX:OKU) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The company has continued to have gold exploration success in Mali.

The halt will remain in place until the opening of trade on Tuesday 2nd May 2017, or earlier if an announcement is made to the market.

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Fri, 28 Apr 2017 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177022/oklo-resources-to-lift-cash-balance-for-west-african-gold-177022.html
<![CDATA[News - Oklo Resources on the cusp of next major gold discovery in Mali ]]> http://www.proactiveinvestors.com.au/companies/news/176889/oklo-resources-on-the-cusp-of-next-major-gold-discovery-in-mali-176889.html Oklo Resources (ASX:OKU) shares have been positively re-rated in recent months on the back of continued exploration success in Mali.

Oklo last traded at $0.28 per share, or around two-and-a-half times higher than at the start of 2017.

Now today Oklo has revealed the latest results from first pass aircore drilling at the Seko discovery, located within the Dandoko project, confirming significant bedrock gold mineralisation at all five anomalies tested.

Follow-up air-core drilling will commence immediately, with more targeted reverse circulation and diamond drilling programs expected over coming months.


Latest highlights

- Anomaly 3: Line 8; 35 metres at 1.86g/t gold from 55 metres to end of hole; and 27 metres at 1.21g/t gold.

- Anomaly 4: Line 7; 8 metres at 1.30g/t gold from 27 metres.

- Anomaly 5: Line 6; 13 metres at 1.22g/t gold from 5 metres.

These results add to previously outlined intersections from anomalies 1 and 2, which included:

- 13 metres at 2.27g/t gold from 23 metres; 18 metres at 2.01g/t gold from 51 metres; and 54 metres at 1.37g/t gold from 0 metres.


Simon Taylor, managing director, commented:

"From Seko’s initial discovery by auger drilling in January to the confirmation of wide zones of gold mineralisation at depth in April is a fantastic achievement.

"Given the wide drill spacing so far, follow-up infill and deeper drilling programs are commencing immediately and we look forward to reporting further positive developments in the near future."


Analysis

Oklo is exploring in elephant country and is on the cusp of a major gold discovery, as evidenced by the latest results

The company's Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

Results from the upcoming reverse circulation and diamond drilling programs will be highly anticipated.

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Wed, 26 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176889/oklo-resources-on-the-cusp-of-next-major-gold-discovery-in-mali-176889.html
<![CDATA[News - Oklo Resources drills out more evidence for gold system at Seko ]]> http://www.proactiveinvestors.com.au/companies/news/176052/oklo-resources-drills-out-more-evidence-for-gold-system-at-seko-176052.html Oklo Resources (ASX:OKU)  has received assays for 13 more holes from the Seko gold discovery within the Dandoko project located in Mali.

These results from the second anomaly at Seko continue to enhance the discovery and its potential to host an economic gold system.

Significant intersections include 54 metres at 1.37 g/t gold from surface to end of hole.

Assay results from the remaining 23 holes testing a further 3 of the Seko gold anomalies are expected over the coming fortnight.

Simon Taylor, managing director, commented:

"The results received to date have far exceeded our expectations especially as holes are still at a wide spacing on 400 metre lines and 50 metre apart along section.

"Planning is now well underway for the next phase of detailed aircore drilling."


Seko drilling results details

A first pass aircore drilling program, comprising 62 holes for 5,250 metres, was recently completed at Seko along 9 traverses at a spacing of 400 metres.

The current results are from traverses #4 and #5 and follow recent results from traverses #1, #2 and #3.

Significant results from these most recent results include:

- 54 metres at 1.37 g/t gold from surface including 24 metres at 2.02 g/t gold and 8 metres at 2.82 g/t gold;
- 5 metres at 0.86 g/t gold from 14 metres depth; and
- 4 metres at 0.50 g/t gold from 19 metres depth.

Assay results from the remaining 4 traverses are expected over the coming fortnight.


Analysis

These new aircore drilling results over the second anomaly further strengthens Oklo’s belief that a large gold system exists at Seko.

Oklo remains leveraged to further exploration based news flow at Seko with assays from the remaining completed holes expected over the coming two weeks.

The Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

Oklo shares have more than doubled year to date, currently priced at $0.27.

]]>
Thu, 06 Apr 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176052/oklo-resources-drills-out-more-evidence-for-gold-system-at-seko-176052.html
<![CDATA[News - Oklo Resources initial assays bode well for Seko gold discovery ]]> http://www.proactiveinvestors.com.au/companies/news/175648/oklo-resources-initial-assays-bode-well-for-seko-gold-discovery-175648.html Oklo Resources (ASX:OKU) has received assay results from the first 25 holes of a 62 hole program at the Seko gold discovery within the Dandoko project located in Mali.

The first pass aircore drilling campaign at Seko has intersected significant widths of gold mineralisation in multiple holes spaced 50 metres apart.
Significant intersections include 18 metres at 2.01 g/t gold from 51 metres.

Initial assays come from the first three drill traverses, which cover only 800 metres of the first Seko two kilometre long gold trend.

Assay results from the remaining 6 aircore traverses or 37 holes testing a further 4 of the Seko auger gold anomalies are expected over the coming fortnight.
Simon Taylor, managing director, commented: “These initial aircore drilling results over just one of the Seko anomalies provide promising indications for a large gold system at depth.”


Drill result details

A total of 62 holes for circa 5,250 metres were drilled in the first pass aircore program along 9 traverses at a line spacing of 400 metres.

Significant intersections include:

- 13 metres at 2.27g/t gold from 23 metres;
- 18 metres at 2.01g/t gold from 51 metres; and
- 14 metres at 1.96g/t gold from 8 metres.

Broad zones of lower grade gold mineralisation include:

- 25 metres at 1.30 g/t gold from surface;
- 36 metres at 1.08 g/t gold from 23 metres; and
- 31 metres at 0.50 g/t gold from 8 metres.

All significant intersections coincident with auger geochemical anomalies and are hosted within deeply weathered bedrock.


Analysis

The emerging Seko gold discovery extends over a large area and these assay results from the first three wide-spaced lines is a very encouraging start.

In particular, results support the potential of the greater 12 kilometre-long Dandoko gold corridor.

Oklo remains leveraged to further exploration based news flow at Seko with results from the other six lines of aircore holes expected.

The Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.


Oklo shares have more than doubled year to date, currently priced at $0.275.

The drilling programs are fully funded and continue to be a constant source of news flow for Oklo.

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Thu, 30 Mar 2017 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175648/oklo-resources-initial-assays-bode-well-for-seko-gold-discovery-175648.html
<![CDATA[News - Oklo Resources gains Resolute Mining as a substantial shareholder ]]> http://www.proactiveinvestors.com.au/companies/news/175480/oklo-resources-gains-resolute-mining-as-a-substantial-shareholder-175480.html Oklo Resources (ASX:OKU) has received an initial substantial holder notice from billion-dollar capped Resolute Mining (ASX:RSG).

Resolute now holds circa 12.1 million shares in Oklo, for a 5.01% stake.

Oklo shares have continued to rally recently as the potential continues to grow for a significant gold discovery at Seko, within the company's Dandoko Project, in western Mali.

Oklo's interests are in elephant country, considering its Dandoko and Moussala projects are located within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

]]>
Tue, 28 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175480/oklo-resources-gains-resolute-mining-as-a-substantial-shareholder-175480.html
<![CDATA[News - Oklo Resources substantial holder lifts stake ]]> http://www.proactiveinvestors.com.au/companies/news/175393/oklo-resources-substantial-holder-lifts-stake-175393.html Oklo Resources (ASX:OKU) has been a stand-out performer on the ASX in 2017, last trading at $0.32 per share, which is more-than-double the valuation

The positive re-rating follows continued gold discoveries at Seko in western Mali.

Simon Taylor, managing director, recently commented: “Our confidence in a potential new gold discovery at Seko within the Dandoko Project is growing by the day.

“We look forward to receiving the results from the current deeper aircore drilling program, which hopefully will realise Oklo’s ambition of becoming a significant gold company in West Africa.”


Substantial holder

Oklo has today received a notice from substantial holder Chalice Gold Mines (ASX:CHN), following Chalice increasing its stake to 9.03% from 7.86%.

The increase came from on-market buying.


Highly prospective location

Oklo's Dandoko and Moussala projects are located within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

]]>
Mon, 27 Mar 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175393/oklo-resources-substantial-holder-lifts-stake-175393.html
<![CDATA[News - Oklo Resources drilling updates continue from West Africa ]]> http://www.proactiveinvestors.com.au/companies/news/175030/oklo-resources-drilling-updates-continue-from-west-africa-175030.html Oklo Resources (ASX:OKU) is continuing its aggressive gold exploration program at its Dandoko and Moussala projects in West Mali where over 62,000 metres of drilling has been completed.

The initial aircore drilling program over the Seko auger anomalies discovered within the Dandoko project has completed and ground geophysical surveys have commenced.

Recent results have continued to suggest that the Seko gold discovery has the potential to host a value-add gold deposit.

Assays from the aircore drilling at Seko are expected over the coming two weeks.

Auger drilling is ongoing at the Moussala and Dandoko projects with six rigs in operations.

Final data from the recent low-level heliborne aeromagnetic and radiometric survey at Moussala have been received.

Interpretation work has commenced and will be integrated with the reconnaissance auger geochemical database.

This new dataset will help provide the framework for initial exploration targeting.

Shares are up 150% in 2017 currently priced at $0.28.

]]>
Mon, 20 Mar 2017 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175030/oklo-resources-drilling-updates-continue-from-west-africa-175030.html
<![CDATA[News - Oklo Resources latest gold assays support emerging Seko prospect ]]> http://www.proactiveinvestors.com.au/companies/news/174865/oklo-resources-latest-gold-assays-support-emerging-seko-prospect-174865.html Oklo Resources (ASX:OKU) has received another batch of assays from its auger and aircore drilling campaigns at the Dandoko Project in western Mali.

Assay results received from shallow infill geochemical auger drilling at the Seko discovery return numerous intersections greater than 1.0 g/t gold.

Results include 21 metres at 1.59 g/t gold.

The Seko gold anomalies are up to 2.0 kilometres long and have returned individual bedrock sample grades from shallow auger drilling of up to 4.26 g/t gold.

Simon Taylor, managing director, commented: “Our confidence in a potential new gold discovery at Seko within the Dandoko Project is growing by the day.

“We look forward to receiving the results from the current deeper aircore drilling program, which hopefully will realise Oklo’s ambition of becoming a significant gold company in West Africa.”


Drill result details

To date, a total of 5,395 auger holes for 62,891 metres have been completed at the Dandoko and Moussala projects.

Infill auger drilling at 25 metre centres has now been completed along the previously reported 400 metre spaced reconnaissance lines and along additional 200 metre-spaced infill lines.

Significant results include:

- 21 metres at 1.59 g/t gold from surface including 12 metres at 2.40 g/t gold and 4 metres at 3.74 g/t gold;
- 9 metres at 2.4 g/t gold from surface;
- 5 metres at 3.88 g/t gold from 8 metres; and
- 6 metres at 2.8 g/t gold from 13 metres.

Assay results received to date successfully confirm five extensive, coherent gold anomalies at Seko.

Significantly, two of the recent auger holes penetrated up to 21 metres, twice the average depth of the reconnaissance geochemical drilling and returned significant bedrock mineralisation.

A 5,000 metre program of deeper aircore drilling over 5 of the Seko anomalies along 9 traverses is underway in advance of follow-up aircore and targeted reverse circulation drilling.

Six auger drill rigs continue to advance geochemical coverage over the Dandoko and Moussala projects as part of the company’s fully-funded and aggressive exploration strategy.


Analysis

Results continue to suggest that the Seko gold discovery has the potential to host a value-add gold deposit.

With over 62,000 metres of drilling now complete at the two projects and more planned, exploration based  news flow is expected to continue.

Oklo shares have doubled year to date, currently priced at $0.22.

The Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

The drilling programs are fully funded and continue to be a constant source of news flow for Oklo.

]]>
Wed, 15 Mar 2017 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174865/oklo-resources-latest-gold-assays-support-emerging-seko-prospect-174865.html
<![CDATA[News - Oklo Resources builds on Seko gold discovery with latest assays ]]> http://www.proactiveinvestors.com.au/companies/news/174350/oklo-resources-builds-on-seko-gold-discovery-with-latest-assays-174350.html Oklo Resources (ASX:OKU) has received another batch of auger drill results from the Dandoko and Moussala Projects in western Mali.

Assays confirm and enhance the recent emerging Seko gold discovery and have identified further regional gold anomalies.

The infill auger drilling at the Seko discovery has delineated a new gold trend at Seko West over a 1.2 kilometre length with grades of up to 1.6 g/t gold.

Oklo plans to complete first-pass traverses of deeper aircore drilling over the main Seko anomalies in coming weeks.

Simon Taylor, managing director, commented:

"The new infill auger results confirm the coherent nature of the strong gold anomalies at Seko and significantly, add support to Oklo’s interpretation of a strong north-northeast trending gold-anomalous corridor extending over 12 kilometres from Selingouma in the south to Dabia in the north."


Drill result summary

To date, a total of 4,791 auger holes for 55,239 metres have been completed at Dandoko and Moussala at an average hole depth of 11 metres.

The latest batch of assay results was received from:

- Infill auger drilling along the extensive gold trends outlined in the Seko area; and
- Regional auger drilling over the southern portion of the Dandoko Project.

Six auger drill rigs are continuing to advance geochemical coverage over the Dandoko and Moussala Projects.

A multi-purpose aircore and reverse circulation rig has also been mobilised to site.


Seko drill results

Infill auger drilling at Seko have confirmed the robustness and enhanced the previously reported Seko gold anomalies and delineated a new gold trend at Seko West over a 1.6 kilometre length with grades of up to 1.6 g/t gold.

Infill auger drilling results on neighbouring anomalies within 2.5 kilometres of Seko have also outlined further coherent zones of strong gold anomalism of over 800 metres in length at Dabia, Dabia West and Seko South.


Regional drill results

Further assay results received from the Phase 1 regional auger coverage over the southern portion of the Dandoko Project have successfully delineated broad areas of gold anomalism spatially related to the historic Selingouma North and Selingouma South prospects.

Both gold anomalies extend for over 1.0 kilometre with localised results of over 1 g/t gold.

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Tue, 07 Mar 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174350/oklo-resources-builds-on-seko-gold-discovery-with-latest-assays-174350.html
<![CDATA[News - Oklo Resources delivers more gold in latest assay results ]]> http://www.proactiveinvestors.com.au/companies/news/174172/oklo-resources-delivers-more-gold-in-latest-assay-results-174172.html Oklo Resources (ASX:OKU)  has received assays grading up to 64.8 g/t gold from the Phase 1 drilling campaign at the Dandoko and Moussala projects in western Mali.

7 reverse circulation holes, drilled over a total strike length of 550 metres at the Disse prospect were successful in intersecting further significant gold mineralisation.

The holes were testing strike extents of gold mineralisation intersected by a shallow aircore hole of 21 metres at 5.6 g/t gold and a deeper diamond hole of 13 metres at 4.6 g/t gold.

The Phase 2 drilling campaign for a further 25,000 metres of infill auger, aircore and reverse circulation drilling has been approved and is underway with six auger rigs in operation.

To date, a total of 4,250 holes for 49,557 metres have been completed at Dandoko along with 541 holes for 5,682 metres at Moussala.

Further assays from completed drilling remain pending.


Drill result details

The 7 reverse circulation holes, drilled on 150 metre spaced sections over a total strike length of 550 metres, were successful in intersecting further significant gold mineralisation as summarised below:

- 3 metres at 22.67 g/t gold from 183 metres including 1 metre at 64.80 g/t gold; 
- 16 metres at 3.00 g/t gold from 146 metres including 3 metres at 10.12 g/t gold;
- 16 metres at 1.21 g/t gold from 234 metres;
- 1 metre at 1.12 g/t gold from 166 metres;
- 3 metres at 1.03 g/t gold from 154 metres;
- 4 metres at 1.02 g/t gold from 142 metres;
- 4 metres at 8.39 g/t gold from 152 metres including 2 metres at 15.85 g/t gold; and
- 1 metre at 1.74 g/t gold from 65 metres.

Significantly, the recently discovered Seko gold anomalies are located 2 kilometres from Disse, where auger drilling successfully outlined extensive gold anomalies including:

- A western coherent trend extending over 1.6 kilometres with grades of up to 3.28 g/t gold;
- A central parallel 2.0 kilometres long gold trend with grades of up to 2.42 g/t gold; and
- Further anomalous zones of over 800 metres in length.

Deeper aircore drilling is scheduled to commence immediately upon receipt of pending assay results from Seko.


Analysis

The large-scale drilling both completed and underway at the Dandoko and Moussala projects are proving to be a constant source of news flow for Oklo.

Gold assays containing significant mineralisation continues to create value for Oklo by further defining the Diabarou and Disse gold discoveries and identifying further targets such as Seko.

With over 55,000 metres of drilling now complete at the two projects and more planned, exploration based  news flow is expected to continue.

Oklo shares are trading up 80% in 2017, currently priced at $0.20.

The Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

Six auger rigs are currently in operation at the Dandoko and Moussala projects, with two of these rigs dedicated to infill drilling along the recently announced Seko discovery.

The drilling programs are fully funded from the company’s cash reserves, which were recently reported at being circa $7.0 million.

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Fri, 03 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174172/oklo-resources-delivers-more-gold-in-latest-assay-results-174172.html
<![CDATA[News - Oklo Resources chairman Michael Fotios snaps up 1,000,000 options on-market ]]> http://www.proactiveinvestors.com.au/companies/news/173869/oklo-resources-chairman-michael-fotios-snaps-up-1000000-options-on-market-173869.html Oklo Resources (ASX:OKU) non-executive chairman, Michael Fotios, has further leveraged his indirect position in the company with the on-market purchase of 1 million options.

The option series is ASX:OKUO, exercisable at $0.125 with an expiry date of 30 June 2017.

Fotios total indirect interest includes 4.2 million shares across two holdings, 1 million unlisted options, and the newly acquired listed options.

Oklo is well-funded with over $7 million in cash which supports its aggressive gold drilling program in Mali.

The company is focused on the Dandoko project, with drilling highlights from the Diabarou prospect including: 29 metres at 10.42g/t gold; and 6 metres at 53.77g/t gold.

The project is located in a region which hosts multi-million ounce mines.

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Tue, 28 Feb 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173869/oklo-resources-chairman-michael-fotios-snaps-up-1000000-options-on-market-173869.html
<![CDATA[News - Oklo Resources drills out more gold and extends drill program ]]> http://www.proactiveinvestors.com.au/companies/news/173490/oklo-resources-drills-out-more-gold-and-extends-drill-program-173490.html Oklo Resources (ASX:OKU) has received more assays from the recently completed Phase 1 auger and reverse circulation drilling campaign at the Dandoko and Moussala projects in western Mali.

Encouraging assays have led to an extension of the Phase 1 40,000 metres auger and 7,000 metre reverse circulation drilling program at the Dandoko and Moussala.

The Phase 2 drilling campaign for a further 25,000 metres of infill auger, aircore and reverse circulation drilling has been approved and is underway.

Auger assay results received to date successfully outline extensive new gold anomalies and the latest reverse circulation drilling has intersected grades of up to 50 g/t gold.

Further assays from completed Phase 1 drilling remain pending.


Auger drilling results

The recently completed 40,000 metre program was designed to improve the geological and geochemical understanding of prospective target areas within the Dandoko and Moussala projects.

Assay results received from the auger drilling campaign at Dandoko have successfully outlined new and encouraging zones of strong gold anomalism, most notably at the Seko area.

The auger assay results at Seko have successfully outlined several new significant gold anomalies, including:

- A western coherent trend extending over 1.6 kilometres with grades of up to 3.28 g/t gold;
- A central parallel ~2.0 kilometre long gold trend with grades of up to 2.42 g/t gold; and
- Further anomalous zones of over 800 metres in length.

Assay results are also pending from the south of the Dandoko project and from Moussala and will be released when coherent blocks of data become available.

Follow-up auger drilling has been approved by the board as part of the Phase 2 campaign comprising a further 25,000 metres of auger, aircore and reverse circulation drilling, with two auger rigs currently dedicated to infill drilling of the new Seko trends in advance of aircore drilling.

It is anticipated that the infill assay results will be available by early March in advance of a planned aircore drilling program.


Reverse circulation drilling results

A program of 46 reverse circulation drill holes for a total of 6,540 metres was completed in January at the Diabarou prospect within the Dandoko Project.

The step-out program was designed to test for strike extensions to the previously outlined high grade gold mineralisation.

Latest results include:

- 2 metres at 50.00 g/t gold;
- 5 metres at 3.65 g/t gold including 1 metre at 9.37g/t gold;
- 8 metres at 2.08 g/t gold;
- 5 metres at 4.36 g/t gold including 2 metres at 8.21g/t gold;
- 2 metres at 9.08 g/t gold; and
- 10 metres at 1.28 g/t gold.

The zone of high grade mineralisation that was initially outlined at Diabarou remains open at depth.

The open pit potential of this high grade zone will be further assessed.

At the Disse prospect, assay results are pending from the 7 reverse circulation holes completed testing for extensions to the previously reported high grade gold zones from aircore drilling.


Analysis

Assays continue to provide evidence that the large-scale drilling programs at the Dandoko and Moussala projects are uncovering further prospective gold targets.

Results from both drill programs aim to create value for Oklo by defining the Diabarou and Disse gold discoveries and identifying further targets such as Seko.

With over 50,000 metres of drilling now complete at the two projects and more planned, exploration based  news flow is expected to continue.

Oklo shares are trading up 80% in 2017, currently priced at $0.20.

The Dandoko and Moussala projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million ounce Fekola project and 50 kilometres of Randgold’s 12.5 million ounce Loulo mine.

Six auger rigs are currently in operation at the Dandoko and Moussala projects, with two of these rigs dedicated to infill drilling along the recently announced Seko discovery.

The drilling programs are fully funded from the company’s cash reserves, which currently stand at circa $7.0 million.

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Wed, 22 Feb 2017 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173490/oklo-resources-drills-out-more-gold-and-extends-drill-program-173490.html
<![CDATA[News - Oklo Resources gains a new substantial holder from on-market buying ]]> http://www.proactiveinvestors.com.au/companies/news/173090/oklo-resources-gains-a-new-substantial-holder-from-on-market-buying-173090.html Oklo Resources (ASX:OKU) has a new substantial shareholder in Chalice Gold Mines (ASX:CHN), which obtained its 6.3% stake through on-market purchases.

Chalice is well-funded with over $40 million in cash at the end of the December quarter, and also holds 18.2 million shares held in First Mining Finance
Corp (TSX-V: FF).

Oklo has eight gold projects covering 1,389 square kilometres in Mali.

The Dandoko and Moussala projects are located only 15 kilometres from each other within the prolific Kenieba Inlier of western Mali.

The area hosts multi-million ounce deposits.

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Tue, 14 Feb 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173090/oklo-resources-gains-a-new-substantial-holder-from-on-market-buying-173090.html
<![CDATA[News - Oklo Resources chairman Michael Fotios snaps up shares on-market ]]> http://www.proactiveinvestors.com.au/companies/news/173018/oklo-resources-chairman-michael-fotios-snaps-up-shares-on-market-173018.html Oklo Resources (ASX:OKU) non-executive chairman, Michael Fotios, has increased his stake in the company through an on-market purchase.

Fotios increased his indirect stake with the purchase of 200,000 shares for a consideration of $27,000.

Through several investments, Fotios holds 4.2 million Oklo shares and 1 million unlisted options.

Oklo is focused on gold exploration in Mali, in a region which hosts multi-million ounce deposits.

News flow is set to increase as the 47,000 metre drilling program comes to a close.

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Mon, 13 Feb 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173018/oklo-resources-chairman-michael-fotios-snaps-up-shares-on-market-173018.html
<![CDATA[News - Oklo Resources wraps up airborne geophysical survey at Moussala in western Mali ]]> http://www.proactiveinvestors.com.au/companies/news/172739/oklo-resources-wraps-up-airborne-geophysical-survey-at-moussala-in-western-mali-172739.html Oklo Resources (ASX:OKU) has completed a detailed low level airborne geophysical survey over its wholly-owned Moussala Project in western Mali.

The survey data will be used to improve the geological understanding of the project area, with results expected from late February and will be integrated with the pending assay results from the ongoing auger program at Moussala.

Moussala was granted to the company during 2016 and is a 64 square kilometre tenement located less than 5 kilometres to the west of the Dandoko Project.

The projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres to the east of B2Gold’s 5.15 million gold ounce Fekola Project, and 50 kilometres to the south-southeast of Randgold’s 12.5 million gold ounce Loulo Mine.

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Tue, 07 Feb 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172739/oklo-resources-wraps-up-airborne-geophysical-survey-at-moussala-in-western-mali-172739.html
<![CDATA[News - Oklo Resources drills out more gold in West Africa ]]> http://www.proactiveinvestors.com.au/companies/news/172321/oklo-resources-drills-out-more-gold-in-west-africa-172321.html Oklo Resources (ASX:OKU) has received new assays from its 40,000 metre auger drilling campaign within the Dandoko project located in western Mali.

Assays have extended the Seko gold trend to 1.6 kilometres in length and have outlined a new 2.0 kilometre gold trend with grades of up to 2.42 g/t gold, named Seko East.

Furthermore, multiple anomalous zones of over 800 metres in length have also been identified.

A total of 3,379 auger holes for 36,989 metres have been drilled to date at an average depth of 11 metres at the Dandoko and Moussala projects.

Drilling activities are fully funded from existing cash reserves of circa $8.2 million.

Assays from the completed 7,946 metre reverse circulation program at the Diabarou and Disse prospects are expected in early February.


Background

Oklo has eight gold projects covering 1,389 square kilometres in Mali.

The Dandoko and Moussala projects are located only 15 kilometres from each other within the prolific Kenieba Inlier of western Mali.

The Dandoko project is located 30 kilometres from B2Gold Resource’s 5.15 million ounce Fekola gold project and 50 kilometres from Randgold’s 12.5 million ounce Loulo gold mine.

Highlights at the Diabarou prospect within Dandoko include:

- 6 metres at 53.77 g/t gold from 36 metres; 3 metres at 110.30 g/t gold from 120 metres; and 28 metres at 3.90 g/t gold from 88 metres.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.


Auger drill program

The 40,000 metre reconnaissance auger geochemical program has been designed to improve the geochemical understanding of the target areas by cheaply and efficiently penetrating below the extensive tracts of lateritic and transported cover that mask the underlying geology.

The program at Dandoko and Moussala is nearing completion with four auger drill rigs operating at Dandoko and one auger drill rig operating at Moussala.

The rigs are currently completing coverage over previously inaccessible areas due to damp soils as well as commencing infill drilling of identified anomalous areas to enable targeting for follow-up aircore drilling.


Reverse circulation drill program

A program of 7,946 metres of reverse circulation drilling has been completed at Diabarou and Disse to further test the strike extents of the high grade gold mineralisation previously outlined at the Diabarou prospect and extending below and along strike from the previous aircore drilling at the Disse prospect.

First assay results from the 53 holes are expected in early February.


Analysis

The gold trends identified at Seko are further evidence that the large-scale drilling programs at the Dandoko and Moussala projects are uncovering further prospective gold targets.

Results from both drill programs aims to create value for Oklo by defining the Diabarou and Disse gold discoveries and identifying further targets such as Seko.

With over 40,000 metres of drilling now complete, continuous news flow from related to assay results is expected for Oklo shareholders keeping them leveraged to exploration upside.

Oklo shares are trading up 50% over the past 12 months, currently priced at $0.12.

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Mon, 30 Jan 2017 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172321/oklo-resources-drills-out-more-gold-in-west-africa-172321.html
<![CDATA[News - Oklo Resources chairman Michael Fotios acquires million options ]]> http://www.proactiveinvestors.com.au/companies/news/170961/oklo-resources-chairman-michael-fotios-acquires-million-options-170961.html The nature of change was as resolved at the company's general meeting at the end of November.

Along with the options, Fotios holds four million shares.

Fotios brings extensive geological and management experience to Oklo, and is currently on the board of Eastern Goldfields, Horseshoe Metals, Pegasus Metals, and Redbank Copper.

He is also founder and executive chairman of unlisted investment company, Investment Limited.

Oklo has gold interests in a highly prospective area of West Africa.

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Wed, 28 Dec 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170961/oklo-resources-chairman-michael-fotios-acquires-million-options-170961.html
<![CDATA[News - Oklo Resources outlines gold trend near multi-million ounce mines ]]> http://www.proactiveinvestors.com.au/companies/news/170769/oklo-resources-outlines-gold-trend-near-multi-million-ounce-mines-170769.html Oklo's Dandoko and Moussala Projects are located within the Kenieba Inlier of western Mali and lie within 30 kilometres of B2Gold’s 5.15 million gold ounce Fekola Project and 50 kilometres from Randgold’s 12.5 million gold ounce Loulo Mine.

A 40,000 metre auger geochemical drilling program is well advanced at the projects, with six rigs on site.

A total of 2092 auger holes for 22,481 metres have been drilled to date at an average hole depth of 10 metres.

The first assay results outlines a coherent gold trend at Seko extending northwards from an area of shallow laterite pits being worked by artisanal miners for over 1.2 kilometres with grades of up to 3.28g/t gold.

The auger drilling will continue to test the regional-scale trends extending from the high grade Diabarou and Disse gold discoveries prior to the systematic evaluation of other targets.

At Moussala, regional auger drilling is evaluating several large geochemical anomalies which remain untested by drilling, including areas where limited previous soil sampling returned peak gold-in-soil results of up to 0.54g/t gold.


Reverse circulation drilling

The planned 7,000 metre step out and resource definition reverse circulation drilling program at Diabarou and Disse is progressing well with 15 holes for 2,193 metres completed at Diabarou to date.

The aggressive drill programs are planned to continue through the dry season into 2017, being guided by ongoing results.

Drilling activities are fully funded from existing cash reserves of circa $9.0 million.

]]>
Wed, 21 Dec 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170769/oklo-resources-outlines-gold-trend-near-multi-million-ounce-mines-170769.html
<![CDATA[News - Oklo Resources commences further gold drilling program in elephant country ]]> http://www.proactiveinvestors.com.au/companies/news/170279/oklo-resources-commences-further-gold-drilling-program-in-elephant-country-170279.html Oklo Resources (ASX:OKU) has commenced reverse circulation drilling at the Diabarou prospect within the Dandoko project located in western Mali.

The Dandoko project is located 30 kilometres from B2Gold Resource’s 5.15 million ounce Fekola gold project and 50 kilometres from Randgold’s 12.5 million ounce Loulo gold mine.

The drill program comprising of 7,000 metres is planned to further test the strike extents of the high grade gold mineralisation that has been outlined at the Diabarou prospect and to extend below and along from the previous aircore drilling at the Disse prospect.

The drilling forms a part of the company’s aggressive exploration program of 47,000 metres.

The drilling program is fully funded from the company’s cash reserves, which stand at circa $9 million.

Results from the first round of this drill program are expected to be received from mid-January.


Background

Oklo has eight gold projects covering 1,389 square kilometres in Mali.

The Dandoko and Moussala projects are located only 15 kilometres from each other within the prolific Kenieba Inlier of western Mali.

Recent highlights at Diabarou included:

- 6 metres at 53.77 g/t gold from 36 metres; 3 metres at 110.30 g/t gold from 120 metres; and 28 metres at 3.90 g/t gold from 88 metres.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.

A 40,000 metre separate auger geochemical drilling program is currently progressing with over 730 holes completed to date.


Analysis

The large-scale drilling programs at the Dandoko and Moussala projects will look to create value for Oklo by defining the Diabarou and Disse gold discoveries and targeting further discoveries.

With 47,000 metres of drilling planned, this will create continuous news flow for Oklo shareholders keeping them leveraged to exploration upside.

Results from these initial programs are expected over the coming months.

Oklo shares are trading up 140% year to date, currently priced at $0.12.

]]>
Mon, 12 Dec 2016 10:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170279/oklo-resources-commences-further-gold-drilling-program-in-elephant-country-170279.html
<![CDATA[News - Oklo Resources gains a new substantial shareholder as rigs spin in Mali ]]> http://www.proactiveinvestors.com.au/companies/news/169869/oklo-resources-gains-a-new-substantial-shareholder-as-rigs-spin-in-mali-169869.html Oklo Resources (ASX:OKU) is accelerating exploration at the Dandoko and Moussala Projects in western Mali, with four rigs on site and another two being mobilised.

A planned 40,000 metre auger geochemical drilling program at the projects is progressing, and to date, a total of 736 auger holes for 7,530 metres have been drilled, averaging a depth of 10 metres.

Drilling is fully-funded from cash reserves, which currently stand at over $9.4 million.


New substantial shareholder

Today Oklo has received notice of a new initial substantial shareholder.

The new holder is ACK Pty Ltd (J Markoff Family), holding circa 15.1 million shares, for a 6.28% stake.

]]>
Fri, 02 Dec 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169869/oklo-resources-gains-a-new-substantial-shareholder-as-rigs-spin-in-mali-169869.html
<![CDATA[News - Oklo Resources Ltd increases rig count to six in Mali ]]> http://www.proactiveinvestors.com.au/companies/news/169228/oklo-resources-ltd-increases-rig-count-to-six-in-mali-169228.html Oklo Resources Ltd (ASX:OKU) is accelerating exploration at the Dandoko and Moussala Projects in western Mali, with four rigs on site and another two being mobilised.

A planned 40,000 metre auger geochemical drilling program at the projects is progressing well.

To date, a total of 736 auger holes for 7,530 metres have been drilled, averaging a depth of 10 metres.

Drilling is fully-funded from cash reserves, which currently stand at over $9.4 million.

 

Multi-million ounce potential of area

Dandoko and Moussala are located within the Kenieba Inlier of western Mali and lie within 30 kilometres to the east of B2Gold’s 5.15 million gold ounce Fekola Project, and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.


Background

Oklo has eight gold projects covering 1,389 square kilometres in Mali.

The Dandoko and Moussala projects are located only 15 kilometres from each other within the prolific Kenieba Inlier of western Mali.

The Dandoko project is located 30 kilometres to the east of B2Gold Resources’ (formerly Papillon Resources) 5.15 million ounce Fekola project.

The project is also 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine, highlighting that Oklo is exploring in a well-endowed region.


Dandoko hosts the Diabarou and Disse prospects

Recent highlights at Diabarou included:

- 6 metres at 53.77 g/t gold from 36 metres; 3 metres at 110.30 g/t gold from 120 metres; and 28 metres at 3.90 g/t gold from 88 metres.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.

]]>
Mon, 21 Nov 2016 12:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169228/oklo-resources-ltd-increases-rig-count-to-six-in-mali-169228.html
<![CDATA[News - Oklo Resources Ltd locks in key technical skills ]]> http://www.proactiveinvestors.com.au/companies/news/168371/oklo-resources-ltd-locks-in-key-technical-skills-168371.html Oklo Resources Ltd (ASX:OKU) has confirmed that Dr Madani Diallo (Technical Director) has agreed to extend his contract for a further two year term effective
immediately.

Dr Diallo was instrumental in the identification and acquisition of Oklo’s highly prospective portfolio of gold projects in west and south Mali.

Dr Diallo has led and also been a team member involved in the discovery of several large gold deposits including the multi-million ounce Syama, Morila, Sadiola and
Essakane deposits.

He also currently holds the position of Vice-President of the Mali Chamber of Mines, President of the Association of Geoscientists in Mali, Director of UBA Bank in Burkina Faso and Director of the Sadiola Gold Mine (IamGold/AngloGold Ashanti JV).

Simon Taylor, managing director, commented:

"We are delighted that Madani has agreed to continue his commitment with Oklo in its quest to build a significant gold company in Mali.

"Having now secured the services of both Madani and Andrew Boyd, complemented by an excellent incountry team, we are now fully focussed on the forthcoming aggressive drilling campaign which is fully funded from our cash reserves of circa $9.5 million."

]]>
Wed, 02 Nov 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168371/oklo-resources-ltd-locks-in-key-technical-skills-168371.html
<![CDATA[News - Oklo Resources Ltd set for strong news with gold drilling in West Africa ]]> http://www.proactiveinvestors.com.au/companies/news/168117/oklo-resources-ltd-set-for-strong-news-with-gold-drilling-in-west-africa-168117.html Oklo Resources Ltd (ASX:OKU) has commenced the 2016-17 field season with auger drilling at its Dandoko gold project in western Mali.

Over the coming months a series of advanced and early stage targets will be drill tested at Oklo’s Dandoko and adjoining Moussala projects.

A total program in excess of 47,000 metres has been approved and will be fully funded from the company cash reserves, which currently stand at over $9.5 million. 
Three rigs are currently operating at Dandoko and a fourth rig is being mobilised at Moussala.


Background

Oklo has eight gold projects covering 1,389 square kilometres in Mali.

The Dandoko and Moussala projects are located only 15 kilometres from each other within the prolific Kenieba Inlier of western Mali.

The Dandoko project is located 30 kilometres to the east of B2Gold Resources’ (formerly Papillon Resources) 5.15 million ounce Fekola project.

The project is also 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine, highlighting that Oklo is exploring in a well-endowed region.


Dandoko hosts the Diabarou and Disse prospects

Recent highlights at Diabarou included:

- 6 metres at 53.77 g/t gold from 36 metres; 3 metres at 110.30 g/t gold from 120 metres; and 28 metres at 3.90 g/t gold from 88 metres.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.


Drill program details

An initial 40,000m auger geochemical program will be completed at Dandoko and Moussala.

At Dandoko, initial auger drilling will concentrate on regional extensions to the gold discoveries at Diabarou and Disse before stepping out to test other targets within Dandoko.

At Moussala, auger drilling will test a number of previously outlined geochemical and geological targets.

A 7,000m step out and resource definition RC drilling program at Disse and Diabarou
estimated to commence in late November.


Analysis

This large-scale drilling program at the Dandoko and Moussala projects will look to create value for Oklo by defining the Diabarou and Disse gold discoveries and targeting further discoveries.

With 47,000 metres of drilling approved, this will create continuous news flow for Oklo shareholders keeping them leveraged to exploration upside.

The company is well funded with cash reserves of $9.5 million and both drilling programs scheduled to be completed by the end of 2016 are budgeted to cost $2.2 million.

The aggressive drill program is planned to continue through the dry season into 2017 being guided by ongoing results.

Results from these initial programs are expected to be coming through from early December through to late January.

Oklo shares are trading up 210% year to date, currently priced at $0.155.

]]>
Thu, 27 Oct 2016 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168117/oklo-resources-ltd-set-for-strong-news-with-gold-drilling-in-west-africa-168117.html
<![CDATA[News - Oklo Resources Ltd's Simon Taylor snaps up 400,000 shares on-market ]]> http://www.proactiveinvestors.com.au/companies/news/167891/oklo-resources-ltd-s-simon-taylor-snaps-up-400000-shares-on-market-167891.html Oklo Resources Ltd's managing director, Simon Taylor, has increased his skin-in-the-game with an on-market purchase of 402,800 shares for a consideration of $51,334.62.

Taylor now holds a direct stake of close to 2.1 million shares, and some listed options.

Non-direct interests include 666,667 shares and 333,333 listed options, with several lines of unlisted options.

Oklo has recently delviered a string of high-grade gold intersections from its Disse and Diabarou prospects within the Dandoko Project in western Mali.

The Disse prospect is located 6 kilometres to the southwest of Oklo’s high grade gold discovery at Diabarou.

The Dandoko Project is located within the Kenieba Inlier and lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project, and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.


Diabarou

Recent significant drill hole include:

- 8 metres at 12.07g/t gold from 130 metres;
- 7 metres at 19.82g/t gold from 43 metres;
- 19 metres at 3.22g/t gold from 89 metres; and
- 5 metres at 24.15g/t gold from 110 metres.

The first diamond drillhole at the Disse prospect intersected: 13 metres at 4.69g/t gold from 163 metres.

]]>
Tue, 25 Oct 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167891/oklo-resources-ltd-s-simon-taylor-snaps-up-400000-shares-on-market-167891.html
<![CDATA[News - Oklo Resources Ltd intersects more gold within Dandoko Project ]]> http://www.proactiveinvestors.com.au/companies/news/168045/oklo-resources-ltd-intersects-more-gold-within-dandoko-project-71106.html Oklo Resources Ltd (ASX:OKU) has intersected 13 metres at 4.69 g/t gold from a single diamond dole completed at the Disse prospect within the Dandoko Project located in western Mali.

The Disse prospect is located six kilometres to the southwest of Oklo’s high grade gold discovery at Diabarou.

Furthermore, a previously announced intersection at Diabarou has been upgraded to 19 metres at 3.49 g/t gold after re-assaying using the bottle roll cyanide leach method.

An aggressive drilling program is being finalised to commence in late October.

The program will be fully funded from cash reserves of $9.8 million.


Background

Oklo has eight gold projects covering 1,389 square kilometres in Mali.

The Diabarou prospect lies within the Dandoko project with recent highlights including:

- 6 metres at 53.77 g/t gold from 36 metres; 3 metres at 110.30 g/t gold from 120 metres; and 28 metres at 3.90 g/t gold from 88 metres.

The Dandoko Project is located within the prolific Kenieba Inlier of western Mali and lies 30 kilometres to the east of B2Gold Resources’ (formerly Papillon Resources) 5.15 million ounce Fekola project.

The project is also 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine, highlighting that Oklo is exploring in a well-endowed region.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.


Disse drilling

The single diamond drill hole at Disse follows up drilling that targeted artisanal workings extending for over 880 metres co-incident with a gold-in-soil anomaly that assayed 16.25 g/t gold.

The first diamond drill hole at the Disse prospect intersected significant gold mineralisation within intensely altered sediments including:

- 13 metres at 4.69 g/t gold from 163 metres including 6 metres at 7.30 g/t gold, 3 metres at 11.40 g/t gold and 2 metres at 7.84 g/t gold.


Dandoko assay upgrade

A total of 133 samples were subsequently resubmitted for 24 hour bottle roll cyanide leach analysis. 

Bottle roll cyanide leaching uses a much larger sample and is therefore a more representative method for analysing samples containing coarse gold. 

The significant intersection previously reported for DDDK016-003 by fire assay was 19 metres at 3.22 g/t gold from 89 metres.

The corresponding interval when analysed using the bottle roll cyanide leach method was 19 metres at 3.49 g/t gold, which is an overall increase in grade of 8.4%.


Analysis

While Diabarou gold discovery remains the focus target within the Dandoko project, the single diamond hole at Disse shows that it also has significant gold exploration potential.

Disse is located six kilometres from Diabarou meaning any resources defined at either project have the potential to be synergetic.

The Dandoko project has the potential to form an open pittable gold resource in a region that has five multi-million ounce gold deposits located within circa 60 kilometres.

Oklo is in a strong financial position with circa $9.8 million cash on hand to fully fund the upcoming drill program.

Oklo shares are up 180% year to date, currently trading at $0.14 per share.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Tue, 20 Sep 2016 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168045/oklo-resources-ltd-intersects-more-gold-within-dandoko-project-71106.html
<![CDATA[News - Oklo Resources Ltd discovers new gold zone in western Mali ]]> http://www.proactiveinvestors.com.au/companies/news/168044/oklo-resources-ltd-discovers-new-gold-zone-in-western-mali-70388.html Oklo Resources Ltd (ASX:OKU) has extended the gold zone through first pass drilling at the Dandoko gold project in western Mali.

Assays from 33 first pass aircore holes extended the mineralised zone by 220 metres to the north and identified gold in shallow oxide material to the south.

The main mineralised zone remains open along strike in both directions and at depth.

Drilling has identified grades of up to 21.2 g/t gold with highlights including: 8 metres at 3.80 g/t gold; 4 metres at 2.54 g/t gold; and 6 metres at 1.51 g/t gold.

These results will provide the focus for the next drilling campaign scheduled for October, 2016.


Background

Oklo has eight gold projects covering 1,389 square kilometres in Mali.

The Diabarou prospect lies within the Dandoko project with recent highlights including:

- 6 metres at 53.77 g/t gold from 36 metres; 3 metres at 110.30 g/t gold from 120 metres; and 28 metres at 3.90 g/t gold from 88 metres.

The Dandoko Project is located within the prolific Kenieba Inlier of western Mali and lies 30 kilometres to the east of B2Gold Resources’ (formerly Papillon Resources) 5.15 million ounce Fekola project.

The project is also 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine, highlighting that Oklo is exploring in a well-endowed region.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.


Aircore drilling at Diabarou

The Diabarou prospect covers an area of approximately 1.2 kilometres x 1.0 kilometres where artisanal miners have exposed gold bearing quartz veins of up to 3 metres in width extending for over 600 metres.

A total of 33 reconnaissance aircore holes for 2,665 metres were recently completed at Diabarou.

The project aimed to provide first pass coverage of the southern portion of the area and test for extensions to the previously identified main zone of high grade gold mineralisation.

The drill program was successful in intersecting significant gold mineralisation at both targets.


Significant intersections included:

- 8 metres at 3.80 g/t gold from 54 metres; 4 metres at 2.54 g/t gold from 53 metres; and 6 metres at 1.51 g/t gold from 41 metres.

The new results from Diabarou will provide the focus for planning of the next drilling campaign scheduled to commence in October after the current wet season.


Final reverse circulation holes

Final assay results were also received from the 2 remaining reverse circulation holes at Diabarou.

Highlights included: 1 metre at 45.10 g/t gold from 128 metres; and 7 metres at 12.27 g/t gold from 116 metres.


Analysis

The aircore drill program has successfully tapped into the potential that the Diabarou prospect has to transform the Dandoko project into a multi-million ounce resource.

These intersections have the potential to form an open pittable gold resource at a project that has five multi-million ounce gold deposits located within circa 60 kilometres of it.

Exploration potential remains strong with the project open in many directions and drill holes ending in gold mineralisation.

Oklo is in a strong financial position with circa $10 million cash on hand to pursue and purposefully
advance its extensive and highly prospective landholdings in Mali.

The Dandoko project hosts numerous gold targets of varying maturity that will be systematically drill tested over the coming 12 months.  

Oklo shares are up 290% year to date, currently trading at $0.195 per share.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Thu, 11 Aug 2016 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168044/oklo-resources-ltd-discovers-new-gold-zone-in-western-mali-70388.html
<![CDATA[News - Oklo Resources Ltd has a new substantial holder in Hawkestone Group ]]> http://www.proactiveinvestors.com.au/companies/news/168043/oklo-resources-ltd-has-a-new-substantial-holder-in-hawkestone-group-70237.html Oklo Resources Ltd (ASX:OKU) has received a notice of initial substantial holder from Hawkestone Group, which now holds circa 12.6 million shares, or 5.25% voting power.

The company is based in Melbourne.

Oklo is focused on the Dandoko Project in Mali, where the potential continues to grow for an open pit gold mine.

Diamond drilling has shown geological signatures similar to those observed at the nearby multi-million ounce gold discoveries of Gounkoto and Fekola.

Oklo recently appointed the very experienced Michael Fotios as the company's non-executive chairman.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 04 Aug 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168043/oklo-resources-ltd-has-a-new-substantial-holder-in-hawkestone-group-70237.html
<![CDATA[News - Oklo Resources Ltd appoints Michael Fotios as chairman ]]> http://www.proactiveinvestors.com.au/companies/news/168042/oklo-resources-ltd-appoints-michael-fotios-as-chairman-70114.html Oklo Resources Ltd (ASX:OKU) has now appointed the very experienced Michael Fotios as the company's non-executive chairman and Dr Madani Diallo as a non-executive director, effective immediately.

Fotios commented: “I am delighted to join the Board of Oklo at what is a very exciting time for the Company.

"Oklo’s portfolio of gold projects is located in some of Mali’s most prospective greenstone belts that are underexplored but highly prospective.

"The company has this year achieved remarkable exploration success on just one of the targets drill tested, is well funded with circa $10 million in cash and therefore is well placed to complete a considerable amount of drilling over the coming 12 months.”

At the Dandoko Project, Oklo is focused on delivering an open pit gold mine, in an area known for its multi-million ounce deposits.

Diamond drilling has shown geological signatures similar to those observed at the nearby multi-million ounce gold discoveries of Gounkoto and Fekola.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 29 Jul 2016 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168042/oklo-resources-ltd-appoints-michael-fotios-as-chairman-70114.html
<![CDATA[News - Oklo Resources Ltd reveals open pit gold potential in West Africa ]]> http://www.proactiveinvestors.com.au/companies/news/168041/oklo-resources-ltd-reveals-open-pit-gold-potential-in-west-africa-69896.html Oklo Resources Ltd (ASX:OKU) has wrapped up a 43 hole program at the company's Dandoko Project in Mali, West Africa, which recently yielded visible gold.

The company is focused on delivering an open pit gold mine, in an area known for its multi-million ounce deposits.

Oklo has now received assays from the first nine holes at the Diabarou prospect, which included diamond and reverse circulation drilling.

Highlights include: 8 metres at 12.07g/t gold from 130 metres; 19 metres at 3.22g/t gold from 89 metres; and 7 metres at 19.82g/t gold from 43 metres.

Bottle roll cyanide leach analysis is now in progress.

Previous highlights include: 6 metres at 53.77 g/t gold from 36 metres; 3 metres at 110.30 g/t gold from 120 metres; and 28 metres at 3.90 g/t gold from 88 metres.

The Diabarou prospect covers an area of 1.2 kilometres by 1.0 kilometre, where artisanal miners have exposed gold bearing quartz veins of up to 3 metres in width extending for over 600 metres.


Additional drilling detail

The diamond core holes provide valuable structural and geological information on the gold mineralisation, which is interpreted to be associated with multiple phases of fluid flow within a well-developed fault structure.

The pending 33 aircore hole assays will provide first pass coverage over the southern extension of the large gold soil anomaly.
 
The aircore drilling has intersected new zones of quartz veining within the southern extensions of the extensive Diabarou gold-in-soil anomaly.


Analysis

Drilling at Diabarou continues to identify highly mineralised gold intersections.

These intersections have the potential to form an open pittable gold resource at a project that has five multi-million ounce gold deposits located within circa 60 kilometres of it.

Importantly, the diamond drilling has shown geological signatures similar to those observed at the nearby significant multi-million ounce gold discoveries of Gounkoto and Fekola.

These new drill results will provide the focus for planning of the next campaign of drilling scheduled to commence in September.

Oklo shares are up 280% year to date, currently trading at $0.19 per share.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 19 Jul 2016 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168041/oklo-resources-ltd-reveals-open-pit-gold-potential-in-west-africa-69896.html
<![CDATA[News - Oklo Resources Ltd substantial holder Bank of Nova Scotia continues on market buying ]]> http://www.proactiveinvestors.com.au/companies/news/168040/oklo-resources-ltd-substantial-holder-bank-of-nova-scotia-continues-on-market-buying--69643.html Oklo Resources Ltd (ASX:OKU) has been a star performer in 2016 as the company continues to intersect visible gold from drilling at its Diabarou prospect in Mali, where it is assessing potential for an open pit gold resource.

Shares in the company last traded at $0.22, more than four times higher than the start of the year.

Substantial shareholder, Bank of Nova Scotia (and associates and affiliates), has been buying more shares on-market.

The latest notice of substantial shareholder has the bank increasing its stake to 8.78%, from 5.48%, at an average of $0.132 per share.


Analysis

At the Dandoko project, which hosts the Diabarou prospect, drilling continues to outline the potential for a multi-million ounce Fekola-like gold deposit, which lies 30 kilometres away.

The core taken from the first three diamond holes shows both visible gold and geological similarities to these neighbouring multi-million ounce gold deposits.

More assays are pending.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 06 Jul 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168040/oklo-resources-ltd-substantial-holder-bank-of-nova-scotia-continues-on-market-buying--69643.html
<![CDATA[News - Oklo Resources Ltd intersects visible gold at West Africa gold project ]]> http://www.proactiveinvestors.com.au/companies/news/168039/oklo-resources-ltd-intersects-visible-gold-at-west-africa-gold-project-69335.html Oklo Resources Ltd (ASX:OKU) has intersected visible gold in its ongoing drilling program at the Diabarou prospect in Mali where it is assessing potential for an open pit gold resource.

Three diamond holes, five reverse circulation holes and 33 aircore holes have been completed and samples have been dispatched for assaying.

The diamond and reverse circulation drilling is evaluating the open pit resource potential at Diabarou.

The diamond holes twinned previous reverse circulation holes which intersected: 29 metres at 10.42 g/t gold and 6 metres at 53.77 g/t gold.

The aircore drilling is testing the southern extension of a large gold-in-soil anomaly at Diabarou.


Diamond hole details

Three diamond drill holes for 482.2 metres were completed with all core logged for geology and structure, and samples dispatched for assay.

Visible gold was observed in two of the diamond holes.

The alteration assemblages are similar to those observed and documented at the nearby significant gold discoveries of Gounkoto and Fekola, both located within 40 kilometres of Diabarou.

The holes provide structural information for planning of follow-up reverse circulation drilling, which is now underway with 5 holes completed to date.


Aircore hole details

A total of 33 aircore holes for 2,686 metres have been completed to date over the southern eastern extension to the extensive gold-in-soil anomaly at Diabarou testing for parallel zones of mineralisation.

The holes have intersected weathered sedimentary and volcanic rocks with varying amounts of quartz veining and stringers.

Assay results will be reported as they become available.


Background

Oklo has eight gold projects covering 1,389 square kilometres in Mali.

The Diabarou prospect lies within the Dandoko project with recent highlights including:

- 6 metres at 53.77 g/t gold from 36 metres;
- 3 metres at 110.30 g/t gold from 120 metres; including 1 metre at 280.00 g/t gold; and
- 28 metres at 3.90 g/t gold from 88 metres.

The Dandoko Project is located within the prolific Kenieba Inlier of western Mali and lies 30 kilometres to the east of B2Gold Resources’ (formerly Papillon Resources) 5.15 million ounce Fekola project.

The project is also 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine, highlighting that Oklo is exploring in a well-endowed region.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.


Analysis

Oklo continues to prove the potential the Dandoko project has to be transformed into a multi-million ounce Fekola-like gold deposit, which lies 30 kilometres away.

The core taken from the first three diamond holes shows both visible gold and geological similarities to these neighbouring multi-million ounce gold deposits.

Assay results which are pending will provide further evidence of whether this drilling has been successful in identifying economic grades of gold mineralisation to support an open pit operation.

Oklo shares are up 240% year to date, currently trading at $0.175 per share.

The company recently raised $10 million in an oversubscribed placement to fund its 2016 drilling program focused on resource definition at Dandoko.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 21 Jun 2016 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168039/oklo-resources-ltd-intersects-visible-gold-at-west-africa-gold-project-69335.html
<![CDATA[News - Oklo Resources Ltd's MD Simon Taylor continues Mali gold quest ]]> http://www.proactiveinvestors.com.au/companies/news/168038/oklo-resources-ltds-md-simon-taylor-continues-mali-gold-quest-69253.html Oklo Resources Ltd's (ASX:OKU) managing director, Simon Taylor, has renewed his contract with immediate effect.

Taylor was appointed to the position on 5th March 2015 on a rolling 12 month contract, and has now agreed to a three year term to guide Oklo further in its quest to build a significant gold company in Mali, West Africa.

Since Taylor started, shares in the company have doubled on the back of exploration success.

Andrew Boyd, technical consultant, has also extended his contract.

James Henderson, chairman, commented:

“Retaining both Simon and Andrew provides essential corporate and technical expertise to Oklo and complements our in-country team headed by Dr Madani Diallo, who is considered one of the pioneers of the highly successful Malian gold industry.

"In addition to his impressive background in geology and corporate management, Simon provides Oklo with an extensive network to elicit support and guide our company forward.

"His track record at Oklo to date has been outstanding and we are indeed very fortunate to retain his services.”

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 16 Jun 2016 15:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168038/oklo-resources-ltds-md-simon-taylor-continues-mali-gold-quest-69253.html
<![CDATA[News - Oklo Resources Ltd's new drilling targets open pit potential at Diabarou ]]> http://www.proactiveinvestors.com.au/companies/news/168037/oklo-resources-ltds-new-drilling-targets-open-pit-potential-at-diabarou-68711.html Oklo Resources Ltd (ASX:OKU) continues its aggressive exploration approach across several highly prospective gold projects in Mali.

The company has now commented follow-up diamond and reverse circulation drilling at the Diabarou prospect, within the Dandoko Project.

Drilling will assess the open pit resource potential in proximity to the recent high-grade gold intersections such as: 6 metres at 53.77g/t gold from 36 metres; 3 metres at 110.30g/t gold from 120 metres; and 28 metres at 3.90g/t gold from 88 metres.

The program will cover 11,000 metres.

Oklo has also added to the skills of the team, engaging Simon Dorling of CSA Global, a Structural geology specialist.

Dorling previously worked closely with Oklo’s Technical Consultant, Andrew Boyd, in developing the structural and geological model at the nearby 5.15 million ounce Fekola gold project.


Yanfolila project

Moving to the Yanfolila project, Oklo has received assays from an initial five hole reverse circulation drilling program for 760 metres.

Drilling tested the Solona North-West prospect where previous first pass, shallow air-core drilling completed by the company in 2015 intersected significant bedrock gold mineralisation.

This included: 6 metres at 5.29g/t gold; 3 metres at 1.23g/t gold; along with wider zones such as 21 metres at 0.57g/t gold.

The latest drilling returned similar results, with the highlight: 4 metres at 2.75g/t gold from 28 metres.

The program was successful in confirming the presence of bedrock gold mineralisation associated with the extensive quartz veining and has provided encouragement for follow-up drilling at some stage to test the along strike and depth potential of this prospect.

Yanfolila is located 45 kilometres north of Avnel Gold’s Kalana gold mine hosting 2.15 million ounces, and 35 kilometres east of Hummingbird Resources’ Komana gold project with 1.8 million ounces.


Analysis

Oklo continues to advance exploration across several projects in Mali concurrently, and therefore news flow will remain strong in the near-term.

Following a $10 million oversubscribed placement, the 2016 drilling program is fully funded.

The Bank of Nova Scotia recently became a substantial shareholder.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 19 May 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168037/oklo-resources-ltds-new-drilling-targets-open-pit-potential-at-diabarou-68711.html
<![CDATA[News - Oklo Resources Ltd receives notice of initial substantial holder from Bank of Nova Scotia ]]> http://www.proactiveinvestors.com.au/companies/news/168036/oklo-resources-ltd-receives-notice-of-initial-substantial-holder-from-bank-of-nova-scotia-68675.html Oklo Resources Ltd's (ASX:OKU) has received a notice of initial substantial holder from the Bank of Nova Scotia.

The notice said the holder of the relevant interest is 1832 Asset Management L.P, manager of the Dynamic/Scotia Funds.

Oklo has recently been delivering some outstanding drill results from its Dandoko Project in western Mali.

The company has the potential to transform Dandoko into a multi-million ounce Fekola-like gold deposit, which lies 30 kilometres away.

Oklo recently raised funds from a $10 million oversubscribed placement, a considerable achievement for a company with a market cap. of just $25 million at the time.

Funds will accelerate exploration and therefore newsflow during 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 18 May 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168036/oklo-resources-ltd-receives-notice-of-initial-substantial-holder-from-bank-of-nova-scotia-68675.html
<![CDATA[News - Oklo Resources Ltd raises $10M, investors ratchet up Mali gold demand ]]> http://www.proactiveinvestors.com.au/companies/news/168035/oklo-resources-ltd-raises-10m-investors-ratchet-up-mali-gold-demand-68496.html Oklo Resources Ltd's (ASX:OKU) recent outstanding drill results from the Diabarou prospect, which forms part of the Dandoko Project in western Mali, is the driving force behind securing A$10 million at $0.125 in an oversubscribed placement.

Considering the market cap. of the company was just $25 million prior to the raise, this level of funding in the current market is a testament to the achievements of the company, and was spearheaded by managing director, Simon Taylor.

“Following the recent outstanding drill success at Diabarou, the company is now well positioned to accelerate evaluation of the open pit resource potential of this recent discovery.

"We can now advance exploration over the numerous other compelling targets within its strategically located Dandoko, Moussala, Socaf and Yanfolila project areas," said Taylor.


Recent highlights from Diabarou prospect, part of the Dandoko project:

- 6 metres at 53.77g/t gold from 36 metres;
- 3 metres at 110.30g/t gold from 120 metres; including 1 metre at 280.00g/t gold; and
- 28 metres at 3.90g/t gold from 88 metres.

The Dandoko Project is located within the prolific Kenieba Inlier of western Mali and lies 30 kilometres to the east of B2Gold Resources’ (formerly Papillon Resources) 5.15 million ounce Fekola project.

The project is also 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine, highlighting that Oklu is exploring in a well-endowed region.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.


Analysis

This capital raising is representative of the quality and potential of Oklo's recent high grade gold drill results.

Oklo has the potential to transform Dandoko into a multi-million ounce Fekola-like gold deposit, which lies 30 kilometres away.

Oklo is trading up 90% over the past 3 months.

The accelerated exploration activities will involve follow-up drilling at Diabarou to assess the open pit resource potential, which will continue on from the previous bonanza grade results.

Other key news flow pending includes results from reverse circulation drilling at the Solona North-West prospect within the Yanfolila Project, with results expected in early May.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 09 May 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168035/oklo-resources-ltd-raises-10m-investors-ratchet-up-mali-gold-demand-68496.html
<![CDATA[News - Oklo Resources Ltd raising funds for high-grade gold in Mali ]]> http://www.proactiveinvestors.com.au/companies/news/168034/oklo-resources-ltd-raising-funds-for-high-grade-gold-in-mali-68443.html Oklo Resources Ltd (ASX:OKU) is heading to market with a placement, and the ASX has granted the company a trading halt to prepare.

Recently the company delivered some very high-grade gold intersections from the Diabarou prospect, which forms part of the Dandoko Gold Project in western Mali.

Highlights included: 6 metres at 53.77g/t gold from 36 metres; 3 metres at 110.30g/t gold from 120 metres; and 28 metres at 3.90g/t gold from 88 metres.

Oklo is now preparing a follow-up diamond and reverse circulation drilling program at Diabarou, which is anticipated to start mid-May.

The halt will remain in place until the opening of trade on Monday 9th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 05 May 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168034/oklo-resources-ltd-raising-funds-for-high-grade-gold-in-mali-68443.html
<![CDATA[News - Oklo Resources Ltd seeks more bonanza gold in new drilling at Diabarou ]]> http://www.proactiveinvestors.com.au/companies/news/168033/oklo-resources-ltd-seeks-more-bonanza-gold-in-new-drilling-at-diabarou-68298.html Oklo Resources Ltd (ASX:OKU) recently delivered some very high-grade gold intersections from the Diabarou prospect, which forms part of the Dandoko Gold Project in western Mali.

Highlights included: 6 metres at 53.77g/t gold from 36 metres; 3 metres at 110.30g/t gold from 120 metres, (inc. 1 metre at 280.00g/t gold; and 28 metres at 3.90g/t gold from 88 metres, including and 9 metres at 8.36g/t gold.

Oklo is now preparing a follow-up diamond and reverse circulation drilling program at Diabarou, which is anticipated to start date mid-May.

The reverse circulation drilling will primarily be used to evaluate extensions to the high grade gold mineralisation, while the diamond drilling will provide structural and quality assurance information for use in future resource estimates.


Moussala project

Oklo's Moussala Project which is strategically located in a favourable geological setting 15 kilometres west of the Dandoko Project and 15 kilometres to the east of B2Gold Resources’ (formerly Papillon Resources) 5.15 million ounce Fekola gold discovery.

Oklo has now commenced reconnaissance field work.

Limited previous exploration within the project has delineated numerous gold-in-soil geochemical anomalies with peak values up to 0.54g/t gold, which remain untested by drilling.

The addition of the recently approved Moussala Project in close proximity to Dandoko significantly bolsters the company’s regional landholding in the prolific Kenieba Inlier of western Mali.

The company considers the project to be highly prospective for the discovery of gold mineralisation associated with NNE-trending splay faults off the main, regional-scale Senegal Mali Shear Zone (SMSZ).

Elsewhere, these splay faults are spatially related to no fewer than six major gold deposits, including Sadiola (13.5Moz) and Loulo (12.5Moz), and have been identified within the Moussala project area from regional aeromagnetic data.


Yanfolila Project

Over at the Yanfolila Project, assays are pending from a reverse circulation drilling program covering 5 holes for 760 metres, completed at the Solona North-West prospect.

In 2015, Oklo intersected significant bedrock gold mineralisation including: 6 metres at 5.29g/t gold; and 3 metres at 1.23g/t gold.

There were also wider zones of anomalous gold mineralisation such as: 21 metres at 0.57g/t gold; with numerous holes ending in mineralisation.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 27 Apr 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168033/oklo-resources-ltd-seeks-more-bonanza-gold-in-new-drilling-at-diabarou-68298.html
<![CDATA[News - Oklo Resources Ltd reveals bonanza 280g/t gold from Diabarou ]]> http://www.proactiveinvestors.com.au/companies/news/168032/oklo-resources-ltd-reveals-bonanza-280gt-gold-from-diabarou-67964.html Oklo Resources Ltd (ASX:OKU) has delivered yet more impressive gold interesections from the Dandoko Gold Project in western Mali.

Bottle roll, cyanide leach assays from Diabarou drill holes (previously reported by fire assay technique, artlicle here) enhance high grade results by an average of 60%.

Significant intersections now reported as:

- 6 metres at 53.77g/t gold from 36 metres, including 2 metres at 153.50g/t gold;
- 3 metres at 110.30g/t gold from 120 metres, including 1 metre at 280.00g/t gold;
- 28 metres at 3.90g/t gold from 88 metres, including and 9 metres at 8.36g/t gold; and
- 21 metres at 2.00g/t gold from 45 metres, including 2 metres at 7.63g/t gold.

The Dandoko Project is located within the prolific Kenieba Inlier of western Mali and lies 30 kilometres to the east of B2Gold Resources’ (formerly Papillon Resources) 5.15 million ounce Fekola project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

Diabarou's gold mineralisation is similar in style to many of the other large gold deposits found nearby within the Kenieba Inlier of western Mali.


Analysis

Today's high grade results support visual observations of coarse or nuggety gold logged in numerous holes.

Oklo has now commenced planning for follow-up drilling at Diabarou to assess the open pit resource potential.

Other key news flow pending includes results from reverse circulation drilling at at the Solona North-West prospect within the Yanfolila Project, with results expected in late April.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 08 Apr 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/168032/oklo-resources-ltd-reveals-bonanza-280gt-gold-from-diabarou-67964.html