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Oklo Resources delivers more gold in latest assay results

Results from 7 holes show significant gold mineralisation at Disse.
Oklo Resources delivers more gold in latest assay results
Oklo has completed over 55,000 metres of drilling in Mali

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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