Sign up Australia
Proactive Investors - Run By Investors For Investors

Oklo Resources latest gold assays support emerging Seko prospect

The latest assays from the Seko gold discovery are encouraging.
Oklo Resources latest gold assays support emerging Seko prospect
Oklo has completed over 62,000 metres of drilling in Mali

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.





Register here to be notified of future OKU Company articles
View full OKU profile View Profile

Oklo Resources Ltd Timeline

Related Articles

1513112117_pershing-jpeg.jpg
Wed
The Toronto-listed firm's main asset is the Relief Canyon Mine in Pershing County, Nevada..
picture of gold pour
June 30 2017
Ironridge thinks its portfolio, which sits on the prolific Wa-Lawra shear in the north-east of the country, has “company making potential”.
1510522937_cobalt-blue_joe-in-korea.jpg
November 13 2017
The company is the only "pure play cobalt" ASX-listed company with >80% leverage to cobalt.

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 2017

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