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Oklo Resources enters trading halt ahead of capital raising details

The company is exploring for gold in the West African country of Mali.
capital raising concept
Drilling from the Seko Anomaly 2 (SK2) has shown its potential to host a gold deposit

Oklo Resources Ltd (ASX:OKU) has entered an ASX trading halt this morning pending the release of details related to a capital raising.

The halt will remain in place until the earlier of the release of information regarding the raising or the commencement of trading on Thursday.

READ: Oklo Resources' drilling extends gold zone to a depth of 185 metres in Mali

Recently, Oklo received positive assay results from the final three drill holes testing for extensions to the broad zone of gold at the Seko Anomaly 2 (SK2) within the Dandoko Project, Mali.

The new results, in conjunction with the earlier drilling results, have confirmed a continuous gold-mineralised zone at SK2 extending from surface to a vertical depth of 185 metres.

Notably, it remains open at depth.

READ: Oklo Resources stepping up a gear in 2018 as it sets its sights on defining gold resource

Oklo’s Dandoko Project and adjoining Moussala and Kouroufing Projects are located within the Kenieba Inlier of western Mali.

The projects are 30 kilometres to the east of B2Gold’s (TSE:BTO) 5.15 million ounce Fekola Mine and 50 kilometres to the southeast of Randgold’s (LON:RRS) 12.5 million ounce Loulo Mine.

Exploration in late 2016 discovered what is now the 12-kilometre long Dandoko gold corridor, including the Seko and more recent Sory discoveries.

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