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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.


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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