Sign up Australia
Proactive Investors - Run By Investors For Investors

Oklo Resources drills out more gold in West Africa

Assays from the reverse circulation program are expected in early February.
Oklo Resources drills out more gold in West Africa
Assays have extended the Seko gold trend

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.


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.


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.

View full OKU profile View Profile

Oklo Resources Ltd Timeline

Related Articles

Pantoro processing plant
April 04 2018
The company's AISC for the December quarter 2017 was $990 per ounce.
Zinc Pill
April 05 2018
The name change will also mark the exit from Africa to focus solely on Europe
Picture of area surrounding Paradox Lithium Project
May 07 2018
Cloud, Cane and LC South will be part of Anson's Paradox project with the claims being close to oil wells with historically recorded lithium values.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use