https://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Sun, 21 Oct 2018 20:09:24 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Oklo Resources’ drilling elevates Dandoko to a potential district-scale gold discovery ]]> https://www.proactiveinvestors.com.au/companies/news/205175/oklo-resources-drilling-elevates-dandoko-to-a-potential-district-scale-gold-discovery-205175.html Oklo Resources Ltd (ASX:OKU) has received final assays from phase II drilling confirming significant gold mineralisation at the Sory and Dabia prospects at its Dandoko Gold Project in Mali.

Highlight results include:

• 44 metres at 1.37 g/t gold from 33 metres including 5 metres at 2.36 g/t gold from 33 metres;
• 25 metres at 2.50 g/t gold from 65 metres including 4 metres at 5.03 g/t gold from 68 metres; and
• 5 metres at 4.85 g/t gold from 31 metres.

 

Oklo managing director Simon Taylor said: “Results from the phase II drill program have elevated the Dandoko Gold corridor to a district scale discovery with significant gold mineralisation now confirmed to the North (Dabia) and South (Sory) of Seko.

“This good news builds momentum for a possible regional scale gold camp with the recent identification of the Kouroufing gold corridor providing a second district scale prospect for the company.

“Compilation of these new and previously announced results are being finalised and we hope to be able to mobilise in mid to late October with a new drill program, following the end of the wet season.”

READ: Oklo Resources discovers gold corridor in initial drilling at Kouroufing Project

Oklo recently identified a gold corridor at the Kouroufing Project in Mali from first pass auger drilling.

The shallow geochemical drilling revealed a 6 kilometre long corridor with numerous gold anomalies of over one kilometre in length and grading over 1 g/t gold.

Taylor added: “The unique position of having a possible regional scale gold camp with two district scale projects concludes a very successful 2017/18 field season and provides a pathway to succeed with our 2019 program”

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Wed, 19 Sep 2018 11:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205175/oklo-resources-drilling-elevates-dandoko-to-a-potential-district-scale-gold-discovery-205175.html
<![CDATA[News - Oklo Resources discovers gold corridor in initial drilling at Kouroufing Project ]]> https://www.proactiveinvestors.com.au/companies/news/204686/oklo-resources-discovers-gold-corridor-in-initial-drilling-at-kouroufing-project-204686.html Oklo Resources Ltd (ASX:OKU) has received first-pass auger drilling results from its 690-hole program at its Kouroufing Project in western Mali.

The shallow geochemical drilling revealed a 6 kilometre gold corridor with numerous gold anomalies of over one kilometre in length and grading over 1 g/t gold.

The best intersections included 8 metres at 14.35 g/t gold from 5 metres, 5 metres at 2.18 g/t gold from 7 metres and 15 metres at 1.25 g/t gold from surface.

READ: Oklo Resources’ drilling reveals high-grade gold and a new mineralised zone in Mali

Oklo’s managing director Simon Taylor said: “The fact that relatively shallow and inexpensive first pass auger drilling has identified a 6 kilometre long corridor of high-grade gold anomalies is a great outcome that should excite our shareholders.

“While the main focus remains on our flagship Dandoko Project, the company will pursue this opportunity with further drilling in the coming season.

“The Kouroufing result validates the Company’s strategy of acquiring a portfolio of highly prospective licences in a globally significant region for gold discovery, and systematically testing them.

“The company now has multiple opportunities for a large-scale discovery in Western Mali.”

Drilling part of the phase II program, assays pending

The 690 hole, 10,210-metre auger geochemical program covering a quarter of the 90.7 square kilometre Kouroufing Project is part of Oklo’s phase II drill program.

The phase II program which is now complete also included 31,706 metres focused on the flagship Dandoko Project.

Assay results remain pending for 4 RC holes at the Sory prospect and 149 aircore holes at Dabia and Sory.

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Wed, 12 Sep 2018 11:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204686/oklo-resources-discovers-gold-corridor-in-initial-drilling-at-kouroufing-project-204686.html
<![CDATA[News - Oklo Resources’ drilling reveals high-grade gold and a new mineralised zone in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/204015/oklo-resources-drilling-reveals-high-grade-gold-and-a-new-mineralised-zone-in-mali-204015.html Oklo Resources Ltd (ASX:OKU) has received significant high-grade gold results from its phase II drill program within the Dandoko Project in Mali.

Exceptional high-grade gold results from diamond drilling (DD) at Seko Anomaly SK2, include:
• 7 metres at 16.24 g/t gold from surface; including 2 metres at 46.75 g/t gold from 4 metres; and
• 40 metres at 10.66 g/t gold from 25 metres; including 10 metres at 23.82 g/t gold from 25 metres.

READ: Oklo Resources drill results show potential of Seko’s SK3 target

Notably, aircore (AC) drilling 400 metres to the north of SK2 has identified a new mineralised zone with results including:

• 11 metres at 1.79 g/t gold from 31 metres with the hole ending in mineralisation; including 2 metres at 5.01 g/t gold from 40 metres.

The company’s Dandoko, Moussala, Kouroufing and Kandiole Projects are located in Western Mali, 30 kilometres to the east of B2Gold’s (TSE:BTO) 5.15 million gold ounces (Moz) Fekola mine and 50 kilometres to the southeast of Randgold’s (LON:RRS) 12.5 Moz Loulo mine.

The DD drilling at Seko is part of a metallurgical program to be incorporated in future scoping studies undertaken by Oklo.

 

The company’s phase II drill program was completed with the onset of the wet season in mid-July, with assay results still pending from:
- 4 reverse circulation holes testing the Sory prospect 1.5 kilometres south of Seko;
- 149 reconnaissance AC holes testing Dabia and Sory;
- 690 shallow auger holes testing the Kouroufing Project located 20 kilometres southeast of Dandoko.

Oklo’s drilling will recommence after the wet season with planning underway and programs to be finalised upon receipt of all pending assays.

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Mon, 03 Sep 2018 12:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204015/oklo-resources-drilling-reveals-high-grade-gold-and-a-new-mineralised-zone-in-mali-204015.html
<![CDATA[News - Oklo Resources drill results show potential of Seko’s SK3 target ]]> https://www.proactiveinvestors.com.au/companies/news/203650/oklo-resources-drill-results-show-potential-of-sekos-sk3-target-203650.html Oklo Resources Ltd (ASX:OKU) has received more results from its phase II drilling program at the Seko prospect within the Dandoko Project, Mali.

The latest results are from 17 reverse circulation (RC) holes and nine diamond holes drilled at the SK3 target where oxide gold mineralisation was sampled in previous aircore drilling.

Results feature 20 metres at 3.03 g/t gold from 209 metres depth.

READ: Oklo Resources’ substantial shareholder Resolute Mining increases its stake

Oklo’s managing director Simon Taylor said: “These new results from our recently completed phase II drill program confirm the company’s belief that the Dandoko Gold Project has the potential to host a significant gold resource.

“The program delivered 31,706 metres of new drilling at Dandoko, producing excellent results.

“We look forward to receiving the final results and in addition the first assays from our Kouroufing Project located some 20 kilometres south west of Dandoko.

“With approximately 500 square kilometres of highly prospective landholdings now acquired around Dandoko, Oklo is a dominant player in a world-class gold exploration region.

“With plenty of drilling to follow over what is a largely unexplored area, the company is excited to release its results to market as they become available.”

Results show discovery potential at SK3

Results demonstrate the potential for further discoveries at SK3 with the significant new intersection of 20 metres at 3.03 g/t gold intersected in the most northern line of drilling.

Significant intersections from other drill holes, testing for extensions to the broad zone of oxide gold mineralisation at SK3 include 28 metres at 2.20 g/t gold from 155 metres depth.

Assays still remain pending

Although the phase II drilling program is complete, assay results still remain pending:

• 2 diamond and 20 aircore holes from SK2;
• 4 RC holes testing the Sory prospect 1.5 kilometres south of Seko;
• 149 reconnaissance aircore holes testing Dabia and Sory; and
• 690 shallow auger holes testing the Kouroufing Project.

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Tue, 28 Aug 2018 12:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203650/oklo-resources-drill-results-show-potential-of-sekos-sk3-target-203650.html
<![CDATA[News - Oklo Resources’ substantial shareholder Resolute Mining increases its stake ]]> https://www.proactiveinvestors.com.au/companies/news/202633/oklo-resources-substantial-shareholder-resolute-mining-increases-its-stake-202633.html Oklo Resources Ltd (ASX:OKU) has received a substantial vote of confidence from leading African gold producer Resolute Mining Limited (ASX:RSG).

Resolute Mining has increased its stake in Oklo from 8.78% to 10.29% via the purchase of about 5.9 million ordinary shares worth over $2 million.

Oklo recently received excellent results from preliminary metallurgical test work completed on samples collected from the Seko prospect at its Dandoko Project in Mali.

The company is leveraged to the prolific greenstone belts of Western Mali, with four other projects in the same region as Dandoko, including the recently-acquired Kouroufing and Kandiole Sud assets.

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Fri, 10 Aug 2018 13:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202633/oklo-resources-substantial-shareholder-resolute-mining-increases-its-stake-202633.html
<![CDATA[News - Oklo Resources reveals positive initial test work results from Dandoko Project in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/202248/oklo-resources-reveals-positive-initial-test-work-results-from-dandoko-project-in-mali-202248.html Oklo Resources Ltd (ASX:OKU) has received excellent results from preliminary metallurgical test work completed on samples collected from the Seko prospect at its Dandoko Project in Mali.

The preliminary results from bottle roll cyanide leach analysis on oxide and primary mineralisation samples provide a positive indication on the likely recovery characteristics of the ore.

READ: Oklo Resources continues to strike high-grade gold at Dandoko Project in Mali

Bottle roll cyanide leach analysis provides an initial indication of the recovery characteristics of an ore by comparison to the more conventional fire assay analysis.

Encouragingly, results from the bottle roll cyanide leach analysis returned an average difference on oxide and primary mineralisation of less than 5% (95% recovery) between the original fire assay and follow up bottle roll assays.

Fire assay and bottle roll cyanide leach gold results from all oxide and primary material

When broken down by material type, both primary and oxide samples returned excellent results.

The primary averaged less than 6% (94% recovery) difference and the oxide samples less than 2% (98% recovery) difference, strongly indicating that the use of cyanide leach is appropriate at this early stage of testing.

 

The bottle roll analysis was conducted prior to committing to an expanded metallurgical test program.

Further sampling of both oxide and primary material is now underway and will be submitted for test work.

Oklo managing director Simon Taylor said: “While this preliminary testing is only the first of an initial program of metallurgical work, these early results indicate an easily recoverable gold at Seko.

“The company is highly encouraged by these results and provided a catalyst for further metallurgical testing, we look forward to releasing the results as they become available.”

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Mon, 06 Aug 2018 12:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202248/oklo-resources-reveals-positive-initial-test-work-results-from-dandoko-project-in-mali-202248.html
<![CDATA[News - Oklo Resources signs agreements to acquire Kossaya and Sari projects ]]> https://www.proactiveinvestors.com.au/companies/news/201092/oklo-resources-signs-agreements-to-acquire-kossaya-and-sari-projects-201092.html Oklo Resources Ltd (ASX:OKU) has signed agreements to acquire 100% of the Kossaya and Sari Projects both located within five kilometres of the flagship Dandoko Project in Mali.

Oklo’s managing director Simon Taylor said: “Oklo is pleased to announce further progress in building a strategic land position in close proximity to its flagship Dandoko Project in west Mali.

“As is evident from the major gold deposits nearby and the recent success we have enjoyed at Dandoko in a short time frame, we believe this highly prospective and largely underexplored province will continue to unveil further significant gold discoveries.”

 

READ: Oklo Resources continues to strike high-grade gold at Dandoko Project in Mali

The combined projects add 84 square kilometres to the company’s ground within the Kenieba Inlier region to the east of the regionally significant Senegal Mali Shear Zone (SMSZ).

The SMSZ and associated northeast-trending splay structures are spatially related to several major gold projects including Fekola, Loulo, Gounkoto, Yatela, Sadiola and Sabodala.

Taylor added: “Oklo now holds a significant footprint in west Mali and is committed to advancing its projects through systematic exploration led by our highly experienced team and backed by our current strong cash position.”

Planning underway for field programs

Oklo has identified potential northeast-trending structures within the Kossaya and Sari projects.

These structures are comparable to those outlined within the nearby Dandoko Project associated with the 12-kilometre long, northeast-trending gold corridor recently outlined by auger geochemistry.

Exploration work can commence immediately within the new areas, with initial data compilation and planning underway for field programs.

To earn 100% of Kossaya, Oklo will pay an initial €60,000 and then another €60,000 in cash or shares after one year (subject to €100,000 expenditure) and finally €30,000 in cash or shares after two years.

To earn 100% of Sari, Oklo will pay an initial €15,000 and then another €15,000 in cash or shares after one year (subject to €117,000 expenditure) and finally €15,000 in cash or shares after two years.

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Thu, 19 Jul 2018 10:28:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201092/oklo-resources-signs-agreements-to-acquire-kossaya-and-sari-projects-201092.html
<![CDATA[Media files - Oklo Resources adding to and advancing portfolio of West Mali gold projects ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9812/oklo-resources-adding-to-and-advancing-portfolio-of-west-mali-gold-projects-9812.html Tue, 10 Jul 2018 19:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9812/oklo-resources-adding-to-and-advancing-portfolio-of-west-mali-gold-projects-9812.html <![CDATA[News - Oklo Resources continues to strike high-grade gold at Dandoko Project in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/199908/oklo-resources-continues-to-strike-high-grade-gold-at-dandoko-project-in-mali-199908.html Oklo Resources Ltd (ASX:OKU) has received further outstanding gold intersections from drilling at the central portion of Seko Anomaly SK2 within the Dandoko Project in Mali.

High-grade oxide and primary gold intersections include:

• 29 metres at 12.27g/t gold from 1 metre including 8 metres at 36.9 g/t gold from 7 metres; and
• 51 metres at 2.22 g/t gold from 180 metres including 17 metres at 4.79 g/t gold from 196 metres.

Importantly, the results confirm a coherent, high-grade shoot at SK2 over a strike length of 80 metres extending from surface to a vertical depth of 195 metres, which remains open down-plunge.

READ: Oklo Resources’ high-grade hits support potential for large gold system at Dandoko in Mali

The Dandoko Project lies 30 kilometres to the east of B2Gold’s (TSE:BTO) 5.15 million ounces Fekola mine and 50 kilometres to the south-southeast of Randgold’s (LON:RRS)  12.5 million ounces Loulo mine.

Oklo’s 2018 phase II program is nearing the completion of the planned 50,000 metres of drilling prior to the onset of the wet season in July.

The program includes auger, aircore, reverse circulation and diamond drilling at an estimated cost of $5 million.

READ: Oklo Resources hits more high-grade gold in latest assays from Seko

Oklo has identified the potential for multiple lodes in fresh rock below the 400 metre long zone of shallow oxide mineralisation at SK2 highlighted in diamond holes with several intervals of mineralisation returned from each hole.

Meanwhile, ongoing structural logging of diamond drill core at SK2 and SK3 continues to assist in targeting extensions to the high-grade gold mineralisation.

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Mon, 02 Jul 2018 11:25:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199908/oklo-resources-continues-to-strike-high-grade-gold-at-dandoko-project-in-mali-199908.html
<![CDATA[News - Oklo Resources commences auger drilling in west Mali ]]> https://www.proactiveinvestors.com.au/companies/news/197757/oklo-resources-commences-auger-drilling-in-west-mali-197757.html Oklo Resources Ltd (ASX:OKU) has commenced auger geochemical drilling at the Kouroufing Project in western Mali.

The program will consist of 15,000 metres and will follow a similar process used at the nearby flagship Dandoko Project to discover its multiple gold prospects.

The program is expected to take 50 days to complete and the auger holes will sample the top 2-3 metres of bedrock material on a 400x100-metre grid.

READ: Oklo Resources hits more high-grade gold in latest assays from Seko

The Kouroufing Project covers an area of 90 square kilometres within the Kenieba Inlier to the east of the regionally significant Senegal Mali Shear Zone (SMSZ).

The SMSZ and associated northeast-trending splay structures are spatially related to several major gold projects.

These include B2Gold Corp’s (TSX:BTO) 5.15 million ounce Fekola mine and 50 kilometres from Randgold Resource Limited’s (LON:RRS) 12.5 million ounce Loulo mine.

Phase II drilling program at the Seko continues

Oklo has been drilling at the Seko SK2 target within the Dandoko Project, Mali testing for extensions beneath the broad, shallow zone of oxide gold mineralisation.

Latest results include 62 metres at 5.26 g/t gold from 3 metres, 31 metres at 6.27 g/t gold from 101 metres and 46 metres at 4.03 g/t gold from 111 metres.

The 2018 fully-funded phase II program is targeting the completion of 50,000 metres of drilling prior to the onset of the wet season in July.

As of last week, a total of 107 aircore holes for 10,837 metres, 33 RC holes for 6,095 metres and 21 diamond holes for 5,291 metres have been complete in the phase II program.

Drilling continues and results remain pending from a further 107 aircore, 19 RC and 9 diamond holes.

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Mon, 28 May 2018 11:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197757/oklo-resources-commences-auger-drilling-in-west-mali-197757.html
<![CDATA[News - Oklo Resources hits more high-grade gold in latest assays from Seko ]]> https://www.proactiveinvestors.com.au/companies/news/197411/oklo-resources-hits-more-high-grade-gold-in-latest-assays-from-seko-197411.html Oklo Resources Ltd (ASX:OKU) has received assays from a further seven reverse circulation (RC) and three diamond drill holes at the Seko SK2 target within the Dandoko Project, Mali.

Drilling is testing for extensions beneath the broad, shallow zone of oxide gold mineralisation at Seko Anomaly SK2.

Latest results include 62 metres at 5.26 g/t gold from 3 metres, 31 metres at 6.27 g/t gold from 101 metres and 46 metres at 4.03 g/t gold from 111 metres.

Phase II drilling program at the Seko continues

The 2018 fully-funded phase II program is targeting the completion of 50,000 metres of drilling prior to the onset of the wet season in July.

To date, a total of 107 aircore holes for 10,837 metres, 33 RC holes for 6,095 metres and 21 diamond holes for 5,291 metres have been complete in the phase II program.

Drilling continues and results remain pending from a further 107 aircore, 19 RC and 9 diamond holes.

READ: Oklo Resources’ high-grade hits support potential for large gold system at Dandoko in Mali

Results have confirmed a continuous, steep easterly-dipping, high-grade gold-mineralised shoot at SK2 over a strike length of 80 metres.

It extends from surface to a vertical depth of 195 metres and remains open at depth.

The shoot is coincident with the previously reported aircore results, which outlined shallow oxide mineralisation over a strike length of about 400 metres.

Ongoing structural logging of drill core continues to assist in targeting extensions to the high-grade gold mineralisation and exploring for potential repetitions.

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Tue, 22 May 2018 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197411/oklo-resources-hits-more-high-grade-gold-in-latest-assays-from-seko-197411.html
<![CDATA[News - Oklo Resources’ high-grade hits support potential for large gold system at Dandoko in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/197051/oklo-resources-high-grade-hits-support-potential-for-large-gold-system-at-dandoko-in-mali-197051.html Oklo Resources Ltd (ASX:OKU) has received high-grade gold hits from the Seko prospect at its Dandoko project in Mali, supporting the potential for a large mineralised system.

The first results have been received from a $5 million, phase II, 50,000-metre program over a range of targets at Seko.

Intersections of up to 24 metres at 3.67 g/t gold from 58 metres, including 9 metres at 5.95 g/t, have been returned from the first seven reverse circulation (RC) and nine diamond drill holes.

READ: Oklo Resources' drilling continues to extend district-scale gold potential in Mali

These holes were testing for extensions to the broad zone of oxide gold mineralisation at Seko SK3 anomaly.

Managing director Simon Taylor said: “The first results from the 2018 phase II drilling program further confirms our belief that the Seko discovery has the potential to host a significant gold resource.

“We are aiming to complete 50,000 metres of drilling prior to the wet season in July over a range of targets at Seko.

“This will test for lateral continuity to the shallow oxide mineralisation and depth extensions to the primary gold mineralisation.”

READ: Oklo Resources completes agreement to acquire Mali gold project

Other high-grade results include:

- 30 metres at 2.63 g/t from 145 metres, including 15 metres at 4.49 g/t from 146 metres; - 11 metres at 9.64 g/t from 123 metres, including 4 metres at 8.03 g/t from 144 metres; and - 20 metres at 2.45 g/t from 99 metres, including 7 metres at 5.42 g/t from 100 metres. Wide zones of mineralisation

There were also very wide zones of lower grade mineralisation intersected, highlighted by 114 metres at 0.79 g/t from 90 metres that included 24 metres at 1.35 g/t and 12 metres at 2.18 g/t.

Location of the Seko trends within the 12-kilometre long Dandoko gold corridor.

Results confirm a continuous, westerly-dipping, gold-mineralised zone at SK3 extending from surface to a vertical depth of 175 metres.

Zone remains open

The zone remains open at depth and along strike with previous shallow aircore results extending the strike length to 600 metres.

Ongoing structural logging of drill core continues to assist Oklo in targeting extensions to the high-grade gold mineralisation.

A total of 68 aircore holes for 6,722 metres, 33 RC holes for 5,799 metres and 21 diamond holes for 5,062 metres have been completed in the phase II program.

Further assays pending

Assay results from a further 68 aircore, 26 RC and 12 diamond holes are pending.

As well as SK3, the program is testing the SK2 anomaly as well as other regional targets along the Dandoko gold corridor and within the Kouroufing project.

Taylor added: “The current program will provide a steady flow of news in the months ahead.”

The region hosts a number of multi-million-ounce deposits.

Oklo’s Dandoko project and adjoining Moussala, Kouroufing and Kandiole projects are within the Kenieba Inlier of western Mali.

Dandoko is 30 kilometres from B2Gold Corp’s (TSX:BTO) 5.15 million ounce Fekola mine and 50 kilometres from Randgold Resource Limited’s (LON:RRS) 12.5 million ounce Loulo mine.

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Wed, 16 May 2018 11:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197051/oklo-resources-high-grade-hits-support-potential-for-large-gold-system-at-dandoko-in-mali-197051.html
<![CDATA[News - Oklo Resources collects $125,000 as CEO exercises options ]]> https://www.proactiveinvestors.com.au/companies/news/196868/oklo-resources-collects-125000-as-ceo-exercises-options-196868.html Oklo Resources Ltd (ASX:OKU) has raised an additional $125,000 in funding from its managing director and CEO Simon Taylor as a result of him exercising one million options.

This increased Taylor’s holding in Oklo to over 5.2 million shares.

During March this year, Oklo received another vote of confidence in its Mali gold assets as Taylor formalised his commitment to the company.

Taylor has been heavily involved in the development of the company’s assets since his March 2015 appointment and his new executive services agreement ensures his future with Oklo.

READ: Oklo Resources completes agreement to acquire Mali gold project

Most recently, Oklo completed an agreement to acquire 100% of the Kandiole Sud Project in west Mali.

Kandiole is 5 kilometres from Oklo’s flagship Dandoko Project where the company aims to discover a multi-million-ounce gold deposit.

The new Kandiole project comprises a single granted permit covering 116 square kilometres.

Oklo planned to commence work on the project immediately, with data compilation and planning of auger geochemical drilling in progress.

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Mon, 14 May 2018 12:23:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196868/oklo-resources-collects-125000-as-ceo-exercises-options-196868.html
<![CDATA[News - Oklo Resources completes agreement to acquire Mali gold project ]]> https://www.proactiveinvestors.com.au/companies/news/196597/oklo-resources-completes-agreement-to-acquire-mali-gold-project-196597.html Oklo Resources Ltd (ASX:OKU) has completed the agreement to acquire 100% of the Kandiole Sud Project in west Mali.

Kandiole is located five kilometres from Oklo’s flagship Dandoko Project where the company aims to discover a multi-million-ounce gold deposit.

The new Kandiole project comprises a single granted permit covering 116 square kilometres.

Oklo will commence work on the project immediately, with data compilation and planning of auger geochemical drilling currently in progress.

Under the terms of the agreement, Oklo will now pay $200,000 and issue 2.11 million shares.

READ: Oklo Resources' acquisition of Kandiole Sud adds another string to its bow in highly prospective territory

Kandiole is within the Kenieba Inlier to the immediate east of the regionally significant Senegal Mali Shear Zone.

This zone and associated northeast trending splay structures are spatially related to several major gold projects.

These include B2Gold’s (TSE:BTO) 5.15 million ounce Fekola Mine and Randgold’s (LON:RRS) 12.5 million ounce Loulo Mine.

READ: Oklo Resources' drilling continues to extend district-scale gold potential in Mali

Earlier this month, Oklo eceived positive gold assay results from aircore drill testing of anomalies at Dabia, located north of the Seko gold discovery in its Dandoko project.

The drill holes successfully intersected grades of up to 12 g/t gold along with multiple intercepts of anomalous to low-grade mineralisation.

These include 15 metres at 2.05 g/t gold including 9 metres at 3.02 g/t gold, 22 metres at 0.87 g/t gold including 8 metres at 1.87 g/t gold, and 8 metres at 2.64 g/t gold.

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Wed, 09 May 2018 10:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196597/oklo-resources-completes-agreement-to-acquire-mali-gold-project-196597.html
<![CDATA[News - Oklo Resources' drilling continues to extend district-scale gold potential in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/196295/oklo-resources-drilling-continues-to-extend-district-scale-gold-potential-in-mali-196295.html Oklo Resources Ltd (ASX:OKU) has received positive gold assay results from aircore drill testing of anomalies at Dabia, located north of the Seko gold discovery in its Dandoko project in Mali.

The drill holes successfully intersected grades of up to 12 g/t gold along with multiple intercepts of anomalous to low-grade mineralisation.

These include 15 metres at 2.05 g/t gold including 9 metres at 3.02 g/t gold, 22 metres at 0.87g/t gold including 8 metres at 1.87 g/t gold, and 8 metres at 2.64 g/t gold.

READ: Oklo Resources raises $15 million in oversubscribed placement to progress Mali gold projects

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.

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

Oklo’s ongoing phase II drilling campaign is now well advanced with a total of 26 aircore holes, 33 reverse circulation holes and 21 diamond drilling holes completed to date.

Significantly, assay results from the recent aircore, reverse circulation and diamond drilling holes completed at Seko remain outstanding.

Assay results from the labs have slowed considerably during the current peak field season in Mali and adjacent projects in West Africa, with a turnaround of up to 40-45 days currently being experienced.

Oklo has planned further infill aircore drilling in advance of more targeted reverse circulation and diamond drilling.

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Thu, 03 May 2018 11:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196295/oklo-resources-drilling-continues-to-extend-district-scale-gold-potential-in-mali-196295.html
<![CDATA[News - Oklo Resources' acquisition of Kandiole Sud adds another string to its bow in highly prospective territory ]]> https://www.proactiveinvestors.com.au/companies/news/195513/oklo-resources-acquisition-of-kandiole-sud-adds-another-string-to-its-bow-in-highly-prospective-territory-195513.html Oklo Resources Ltd (ASX:OKU) has entered into an agreement to acquire the Kandiole Sud project in Mali.

The project is about 5 kilometres southwest of the company’s flagship Dandoko project and 10 kilometres from B2Gold’s (TSE:BTO) operating Fekola mine in western Mali.

Consideration is $200,000 in cash or shares at the election of the vendor, and the issue of Oklo shares to the value of $800,000 at an issue price of 37.9 cents.

Close to multi-million ounce projects

Kandiole is a single granted permit of 116 square kilometres in an area within the Kenieba Inlier to the immediate east of the regionally significant Senegal Mali Shear Zone.

This zone and associated northeast trending splay structures are spatially related to several major gold projects.

These include B2Gold’s 5.2 million-ounce Fekola project, as well as Loulo (12.5 million ounces), Sadiola (15 million ounces) and Sabodala (10 million ounces).

Largely unexplored

Kandiole covers a largely unexplored tract of highly prospective Proterozoic Birimian greenstones.

Oklo has identified northeast trending structures within the area similar to those outlined within the company’s nearby Dandoko project.

These are associated with the 12-kilometre long, northeast trending gold corridor recently outlined by auger geochemistry.

Work is able to commence on the project immediately.

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Mon, 23 Apr 2018 10:28:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195513/oklo-resources-acquisition-of-kandiole-sud-adds-another-string-to-its-bow-in-highly-prospective-territory-195513.html
<![CDATA[News - Oklo Resources sees Resolute Mining increase its substantial shareholding ]]> https://www.proactiveinvestors.com.au/companies/news/195427/oklo-resources-sees-resolute-mining-increase-its-substantial-shareholding-195427.html Oklo Resources Ltd (ASX:OKU) has received a substantial vote of confidence from leading African gold producer Resolute Mining Limited (ASX:RSG).

Developer of the Dandoko Gold Project in Mali, Oklo completed a $15 million placement just over a week ago.

The placement was oversubscribed and the issue price was 38 cents.

This indicates heavy demand for the stock given that it was only a slight discount to the last traded price of 39.5 cents.

Resolute Mining takes large chunk

Resolute Mining held a 5% stake in Oklo prior to the placement.

However, the company now holds a much larger position having accounted for 12.1 million shares of the 39.4 million placed.

Resolute also buying on market

Since it last filed a substantial shareholder notice, Resolute’s shareholding has grown from about 12 million shares to 30.4 million.

Resolute has been buying stock on market, most recently in February, when Oklo’s shares were trading around the 40-cent mark.

It now has a stake of about 8.8%.

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Fri, 20 Apr 2018 13:31:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195427/oklo-resources-sees-resolute-mining-increase-its-substantial-shareholding-195427.html
<![CDATA[News - Oklo Resources raises $15 million in oversubscribed placement to progress Mali gold projects ]]> https://www.proactiveinvestors.com.au/companies/news/194804/oklo-resources-raises-15-million-in-oversubscribed-placement-to-progress-mali-gold-projects-194804.html Oklo Resources Limited (ASX:OKU) is raising $15 million on the back of commitments from sophisticated and institutional investors to subscribe for a placement of about 39.5 million shares.

The issue price of 38 cents is a good indication of demand for the stock given that it only represents a marginal discount to the last traded price of 39.5 cents.

Placement oversubscribed

The raising was oversubscribed with strong demand from existing shareholders and new institutional investors.

The proceeds from the placement will primarily be used to accelerate exploration activities over the company’s Mali gold projects and for general working capital purposes.

Oklo seeks out multi-million-ounce gold deposit

Oklo’s Dandoko project in Mali is close to some of Africa’s largest mining deposits.

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

Managing director Simon Taylor recently said: “Oklo’s prime strategy is to discover and develop the next multi-million-ounce gold deposit within the company’s highly prospective and relatively underexplored project portfolio in Mali.”

Limited early-stage drilling has intersected broad high-grade mineralisation such as 79 metres at 2.17 g/t gold and 42 metres at 6.14 g/t gold.

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Thu, 12 Apr 2018 11:08:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194804/oklo-resources-raises-15-million-in-oversubscribed-placement-to-progress-mali-gold-projects-194804.html
<![CDATA[News - Oklo Resources enters trading halt ahead of capital raising details ]]> https://www.proactiveinvestors.com.au/companies/news/194569/oklo-resources-enters-trading-halt-ahead-of-capital-raising-details-194569.html 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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Tue, 10 Apr 2018 11:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194569/oklo-resources-enters-trading-halt-ahead-of-capital-raising-details-194569.html
<![CDATA[News - Oklo Resources' drilling extends gold zone to a depth of 185 metres in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/193918/oklo-resources-drilling-extends-gold-zone-to-a-depth-of-185-metres-in-mali-193918.html Oklo Resources Ltd (ASX:OKU) has 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 company intercepted further significant gold mineralisation of 19 metres at 2.41 g/t gold from 51 metres, including 9 metres at 3.64 g/t gold from 55 metres.

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, remaining open at depth.

READ: Oklo Resources drill results confirm gold extends deeper at Seko discovery, shares rise

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.

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

Oklo’s 2018 phase I drilling program at Seko is designed to test for both strike and depth extensions to the previously encountered oxide gold mineralisation.

The latest drilling results indicate that the gold mineralisation at SK2 dips steeply to the east with a southerly plunge component to the high-grade zone.

Significantly, the lower contact (footwall) of the high-grade zone is potentially fault bound.

Phase II drilling to focus on resource definition at Seko

The $3.5 million phase I program is now 95% complete with an aggressive phase II program to commence shortly.

The phase II program will comprise of Seko oxide resource definition drilling, including diamond drilling for density and metallurgical test work, and Seko primary zone exploration drilling.

Oklo will also drill test other gold anomalies within the Dandoko gold corridor and will carry out auger geochemistry work over regional targets in West Mali.

Dandoko gold corridor drilling program

The company’s first pass aircore drilling has continued on other targets within the Dandoko gold corridor, with 62 holes (for 6,495 metres) completed at the Dabia prospect, located 2.5 kilometres north of Seko.

The drilling is now complete with assay results pending.

READ: Oklo Resources managing director, Simon Taylor, commits to the company's future ]]>
Wed, 28 Mar 2018 11:23:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193918/oklo-resources-drilling-extends-gold-zone-to-a-depth-of-185-metres-in-mali-193918.html
<![CDATA[News - Oklo Resources stepping up a gear in 2018 as it sets its sights on defining gold resource ]]> https://www.proactiveinvestors.com.au/companies/news/193499/oklo-resources-stepping-up-a-gear-in-2018-as-it-sets-its-sights-on-defining-gold-resource-193499.html Oklo Resources Ltd (ASX:OKU) is a right place, right time gold story.

While ‘right place’, AKA 'nearology', is a well-worn and often loosely used cliche in the mining industry, in the case of Oklo there is no doubting its relevance.

The company’s landholding in Mali, West Africa, covers more than 1300 square kilometres with its flagship gold projects including Dandoko and Moussala.

Not only will you find a map clearly illustrates the close proximity to multi-million-ounce projects, but even the style and grades of mineralisation are consistent with nearby world-class deposits.

Managing director Simon Taylor said: “Oklo’s prime strategy is to discover and develop the next multi-million-ounce gold deposit within the company’s highly prospective and relatively underexplored project portfolio in Mali.”

30 kilometres from 5.1 million ounce Fekola mine

Dandoko is within the highly endowed Kenieba inlier where more than 50 million ounces of gold have been discovered.

This is along the southern extents of the Senegalo-Malian Shear Zone, a 60-kilometre long, structural corridor that is host to numerous, large gold deposits.

Oklo's projects are in western Mali, near the Senegal border.

These include Randgold Resources Limited’s (LON:RRS) 17 million-ounce Loulo/Gounkoto deposits and IAMGOLD Corp’s (NYSE:IAG) Sadiola and Tabakoto deposits totalling 18 million ounces.

The closest is B2Gold Corp’s (TSE:BTO) 5.1 million-ounce Fekola project which lies a mere 30 kilometres to the west.

Comparisons being drawn with Fekola

Oklo’s Dandoko project has a 12-kilometre long gold trend which includes the Seko discovery.

Taylor said: “All of the projects are in proximity to operating mines with the company’s exploration results to date indicating a comparable geological setting.

“Seko is an exciting new discovery within the Dandoko project, yielding highly positive drill results in a short time frame.”

Limited early-stage drilling has intersected broad high-grade mineralisation such as 79 metres at 2.17 g/t gold and 42 metres at 6.14 g/t.

Upcoming catalysts

While this has provided share price momentum there are plenty of catalysts on the horizon in 2018 as the company receives final assays from phase I drilling and embarks on phase II drilling.

Success with this drilling could result in an earlier than expected resource definition.

Chairman Michael Fotios said, “We have clear objectives set for the 2017-18 field season, including outlining a maiden resource at our Dandoko project, particularly at Seko.”

Of course, corporate interests could be a catalyst and this needs to be taken into account particularly given cashed up global gold producers have operations in close proximity.

Will Oklo follow a similar trajectory to Papillon

The Fekola parallel needs to be examined given comparisons have been made with the project over the last 12 months.

In May, Canaccord analyst Reg Spencer said: “Papillon’s (previously ASX-listed owner of Fekola prior to the takeover by B2Gold) discovery at Fekola was preceded by an initial focus on a smaller deposit.

Exploration of limited soil anomalies then gave way to a larger 1-kilometre long mineralised trend, now host to a deposit of more than 5 million ounces.”

Consequently, not only are the projects geographically close, they also host similar style mineralisation and it would be fair to say that Oklo is now at a similar stage to when Papillon’s shares started to take off.

Oklo spoilt for choice

it is important to remember that even outside Seko, Oklo has numerous options.

Plenty of companies would rightly get excited about discovering gold at 50 g/t from 76 metres.

Targets within the Dandoko and Moussala projects.

When Oklo threw the net a little wider at its Diabarou prospect this was one of the impressive results it came up with.

While these results are important, helping the company gain investor support, Taylor and the team have their sights firmly fixed on identifying a deeper plunging ore body - another Fekola.

With high-grade vein mineralisation, Diabarou would be ideally suited to providing extra feed for a larger project, and Taylor said the company would definitely be returning to the site.

The more I practice the luckier I get

So is Oklo one of those stocks that is a 10-bagger in the making?

It is too early to say, but what is worth considering is the fact that the company has notched up all of the right milestones plus some over the last 12 months.

This appears to be more than just coincidental given the experienced management team that has shaped the exploration program.

Together, they boast more than 40 million ounces of gold discoveries in West Africa.

Taylor said: “Oklo’s in-country management team has a proven track record of large discoveries in West Africa and are ably supported by its corporate team in Australia.

“It is worth noting that director Madani Diallo acquired Dandoko before the Fekola project even got off the ground.

“General manager, exploration, Andrew Boyd was general manager, geoscience for Papillon Resources, and he has 20 years of exploration and mining experience as a geophysicist.”

High profile tight share register

There is no doubting the fact that Oklo remains a news-driven story and analysts tend to believe ongoing exploration success will result in a re-rating.

Capital raisings undertaken by the company to date have been extremely well supported, and the company now boasts a tightly held register featuring big names.

These include BlackRock, Inc. (NYSE:BLK) with 15.2% and ASX-listed African producer Resolute Gold (ASX:RSG) with 5.4%.

While raisings have been completed at 7.5 cents, 12 cents and 24 cents there hasn’t been evidence of investors taking stag profits - they tend to be there for the long haul.

So what is Oklo worth

The company’s shares have roughly doubled in the last six months, hitting a high of 50 cents on January 8, 2017.

While they are not trading too far shy of that mark now, Canaccord’s Spencer is bullish on the stock.

As recently as last week he said: “Oklo remains well-funded with cash of $9 million to continue exploration programs, with ongoing newsflow from drilling to provide potential share price catalysts.

“In our view, the deeper drilling results from SK2 at Seko could represent a southerly plunging continuation of high-grade mineralisation encountered 80 metres to the north.

READ: Oklo Resources drill results confirm gold extends deeper at Seko discovery, shares rise

“While further drilling is required to confirm continuity and test strike extents, the high grades and widths encountered to date lead us to speculate that SK2 could host a significant primary gold deposit.”

Ryan Armstrong, research analyst at Taylor Collison, is bullish on the stock, as his ‘speculative buy’ recommendation suggests.

Armstrong said: “The geological settings are favourable and OKU will re-rate accordingly with further drilling success at the Dandoko Gold Project.”

Resolute Gold has the cash, the know-how and possibly the intent

As mentioned, Oklo has a strong share register, but one of the more interesting shareholders is Resolute Gold (ASX:RSG) with a holding of 5.4%.

Resolute is a large gold producer with its Syama Gold Project in Mali delivering 100,000 ounces in the six months to December 31, 2017.

The company is highly active in Western Africa with its Bibiani gold mine in Ghana having a resource of 2.5 million ounces.

Bibiani alone is expected to be producing more than 100,000 ounces of gold per annum for at least 10 years from the date it comes into production.

Neither Resolute nor John Welborn, the group’s managing director, have a habit of taking minority stakes in projects.

As at December 2018, the company had cash, bullion and listed investments of about $200 million.

Wellborn has extensive experience in Africa and notably was instrumental in the early stage identification of the prospect which went on to be developed as the Fekola project.

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Wed, 21 Mar 2018 10:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193499/oklo-resources-stepping-up-a-gear-in-2018-as-it-sets-its-sights-on-defining-gold-resource-193499.html
<![CDATA[News - Oklo Resources managing director, Simon Taylor, commits to the company's future ]]> https://www.proactiveinvestors.com.au/companies/news/193274/oklo-resources-managing-director-simon-taylor-commits-to-the-company-s-future-193274.html Oklo Resources Ltd (ASX:OKU) has received another vote of confidence in its Mali gold assets as Simon Taylor, managing director, has formalised his commitment to the company.

Taylor has been heavily involved in the development of the company’s assets since his March 2015 appointment and his new executive services agreement ensures his future with Oklo.

Leadership qualities to fully explore the portfolio's potential

Taylor is a geologist with over 25 years technical and commercial experience in project assessments,

He has been involved in numerous projects outside of Australia, including Brazil, Turkey, Uganda, Tanzania, Mali, China, UK and North America.

His analytical and technical expertise, combined with his corporate experience provides the leadership skills required to progress Oklo’s high-priority assets.

READ: Oklo Resources drill results confirm gold extends deeper at Seko discovery, shares rise

Most recently, Oklo confirmed significant primary gold mineralisation at depth through new drilling results from the Seko gold discovery within the Dandoko Project, Mali.

First assay results from diamond and reverse circulation (RC) drilling at Seko Anomaly 2 (SK2) has intersected broad zones including 45 metres at 4.38 g/t gold.

Results to date successfully outline depth extensions to the primary gold mineralisation at SK2, with results from a further three diamond holes pending.

Analysts like the story

Ryan Armstrong, research analyst at Taylor Collison is bullish on the stock.

He noted after the new discoveries south of Seko which occurred towards the end of February that there was the prospect of further upside from deeper drilling.

Taylor Collison highlighted some similarities between Seko and high profile nearby projects.

Armstrong said: “Oklo has identified a number of gold anomalies along known splay structures off the gold-prolific Senegal-Mali Shear Zone, only 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project.

“The geological settings are favourable and Oklo will re-rate accordingly with further drilling success at the Dandoko Gold Project.”

Corporate activity isn’t out of the question

Oklo has a strong share register featuring the likes of BlackRock, Inc. (NYSE:BLK) which has a 15.2% stake in the company.

However, one of the more interesting shareholders is Resolute Gold (ASX:RSG) with a holding of 5.4%.

Resolute is a large gold producer with its Syama Gold Project in Mali delivering 100,000 ounces of gold in the six months to December 31, 2017.

Resolute has the cash, the know-how and possibly the intent

The company is highly active in western Africa with its Bibiani gold mine in Ghana having a resource of 2.5 million ounces.

It is expected to be producing more than 100,000 ounces of gold per annum for at least 10 years from the date it comes into production.

Neither Resolute nor John Welborn, the group’s managing director, have a habit of taking minority stakes in projects, suggesting Oklo is more than just a dabble on the side.

Watch this space

As at December 2018, Resolute had cash, bullion and listed investments of about $200 million.

Welborn has extensive experience in Africa and was instrumental in the early stage identification of the prospect which went on to be developed as the Fekola Project.

Resolute recently stated that it was ''seeking value generating acquisition opportunities."

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Fri, 16 Mar 2018 13:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193274/oklo-resources-managing-director-simon-taylor-commits-to-the-company-s-future-193274.html
<![CDATA[News - Oklo Resources drill results confirm gold extends deeper at Seko discovery, shares rise ]]> https://www.proactiveinvestors.com.au/companies/news/192802/oklo-resources-drill-results-confirm-gold-extends-deeper-at-seko-discovery-shares-rise-192802.html Oklo Resources Ltd (ASX:OKU) has confirmed significant primary gold mineralisation at depth through new drilling results from the Seko gold discovery within the Dandoko Project, Mali.

First assay results from diamond and reverse circulation (RC) drilling at Seko Anomaly 2 (SK2) has intersected broad zones including 45 metres at 4.38 g/t gold.

Results to date successfully outline depth extensions to the primary gold mineralisation at SK2, with results from a further three diamond holes pending.

READ: Oklo Resources makes new gold discovery to the south of Seko

The potential for Seko's already identified high-grade gold at surface to extend to depths of over 200 metres has investors interested with shares up 4.7% to $0.44. 

Drilling is part of the 2018 phase I program

The 2018 phase I drilling program at Seko is designed to test for both strike and depth extensions to the previously encountered oxide gold mineralisation.

This is being done through aircore drilling to a vertical depth of 80 metres and deeper RC and diamond drilling to vertical depths of between 180 to 200 metres.

The $3.5 million program is scheduled to be completed by the end of this month.

Two drill rigs currently operating, with a third rig mobilised to accelerate the program.

Seko is within the 12-kilometre long Dandoko gold corridor

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

To date, 260 aircore holes, 37 RC holes and 11 diamond holes have been completed.

Results are still pending for a further 62 aircore, 1 RC and 8 diamond holes.

This batch of results from SK2 show world-class similarities

Significant results from these latest results at SK2 include:

• 45 metres at 4.38 g/t gold from 96 metres including 9 metres at 11.02 g/t gold;
• 18 metres at 4.41 g/t gold from 128 metres; and
• 25 metres at 2.24 g/t gold from 191 metres.

Why these results suggest economic gold at depth

Notably, the 18-metre intersection was abandoned in mineralisation with the final metre returning 15.10 g/t gold suggesting grade increases with depth.

Furthermore, the 25-metre intersection ending over 200 metres in depth is the deepest to date.

Observations from the drill core confirm similar alteration assemblages to other world-class gold mines in the district, including B2Gold's 5.15 million ounce Fekola Mine and Randgold’s Gounkoto open pit mine.

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Thu, 08 Mar 2018 11:04:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192802/oklo-resources-drill-results-confirm-gold-extends-deeper-at-seko-discovery-shares-rise-192802.html
<![CDATA[News - Oklo Resources makes new gold discovery to the south of Seko ]]> https://www.proactiveinvestors.com.au/companies/news/192022/oklo-resources-makes-new-gold-discovery-to-the-south-of-seko-192022.html Oklo Resources Ltd (ASX:OKU) has made a new gold discovery to the south of the Seko gold prospect within the Dandoko Project in Mali.

Results from the ongoing 2018 Phase 1 drilling program have revealed grades of up to 13.3 g/t gold from the Sory target, located some 2.5 kilometres south of Seko.

Initial results at Sory warrant further drilling

A total of 60 drill holes for 3,917 metres were completed at the Sory target to provide initial coverage across the previously outlined auger gold anomalies over a strike length of 1.8 kilometres.

Multiple zones of gold mineralisation were intersected including 14 metres at 1.31 g/t gold, 5 metres at 2.82 g/t gold, 5 metres at 2.27 g/t gold and 11 metres at 0.83 g/t gold.

READ: Oklo Resources continues to attract interest from Canadian institutions

Further infill and targeted drilling are planned to confidently define the configuration of the mineralised envelope.

Meanwhile, first pass drilling of the Dabia gold target located 2 kilometres north of Seko is now underway.

Ongoing drilling at Seko with further significant intersections received

Oklo is continuing to drill at Seko with further intersections received from 16 infill and step-out holes at Seko Anomaly 1 (SK1).

Significant new results include 33 metres at 4.97 g/t gold from 63 metres and 14 metres at 1.72 g/t gold from 94 metres.

The drilling program has been designed to test for both strike and depth extensions to the significant shallow oxide gold mineralisation previously encountered

READ: Oklo Resources delivers further thick, quality grade intersections at Dandoko

Oklo will mobilise a third drill rig to accelerate diamond drilling targeting extensions to the known oxide gold mineralisation into fresh rock at anomalies SK2 and SK3.

Furthermore, a detailed 3D induced polarisation (IP) geophysical survey is advancing over SK3 to assist in the understanding of the structural controls to the gold mineralisation at Seko.

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Thu, 22 Feb 2018 12:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192022/oklo-resources-makes-new-gold-discovery-to-the-south-of-seko-192022.html
<![CDATA[News - Oklo Resources delivers further thick, quality grade intersections at Dandoko ]]> https://www.proactiveinvestors.com.au/companies/news/191106/oklo-resources-delivers-further-thick-quality-grade-intersections-at-dandoko-191106.html Oklo Resources Ltd (ASX:OKU) continues to have success at its Seko prospect within the Dandoko Project located in Mali.

Dandoko is in close proximity to a number of other world-class gold deposits.

During late December, drilling results included 59 metres at 2 g/t gold, and this has been followed up by 37 metres at 2.6 g/t gold.

READ: Oklo Resources’ shares rise after drilling broad zones of primary gold in Mali

A secondary drill rig has been mobilised to accelerate the phase I program where previous drilling also featured 42 metres at 6.14 g/t gold.

Results pending from other drill holes

A total of 193 aircore holes across 16 kilometres have been completed to date as part of Oklo’s 2018 phase I drilling campaign.

Results are pending from a further 76 aircore, 4 reverse circulation and 3 diamond drill holes with drilling continuing.

Should there be a continuation of quality grades delineated from substantially sized intersections, upcoming news could provide share price momentum.

Dandoko surrounded by a world-class mines

Oklo’s Dandoko Project and adjoining Moussala and Kouroufing Projects are located within a highly prospective area of Mali.

The Kenieba Inlier of western Mali lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Mine.

It is also within 50 kilometres of Randgold’s 12.5 million ounce Loulo Mine.

Drill programs test shallow and at depth extensions

The drilling programs have been designed to test for both strike and depth extensions to the significant shallow oxide gold mineralisation previously encountered at Seko.

Aircore drilling is being conducted to a vertical depth of circa 80 metres.

Deeper reverse circulation and diamond drilling is being undertaken to vertical depths of circa 200 metres.

The phase I program is scheduled to be completed by the end of February 2018 at an estimated cost of $3.5 million.

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Mon, 05 Feb 2018 10:38:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191106/oklo-resources-delivers-further-thick-quality-grade-intersections-at-dandoko-191106.html
<![CDATA[News - Oklo Resources continues to attract interest from Canadian institutions ]]> https://www.proactiveinvestors.com.au/companies/news/189623/oklo-resources-continues-to-attract-interest-from-canadian-institutions-189623.html Oklo Resources Ltd’s (ASX:OKU) substantial shareholder Bank of Nova Scotia has demonstrated its support for the company’s African gold strategy by increasing its stake to 9.96% from 8.87%.

This comes amid a run in the company’s shares, which today peaked at a 12-month high of $0.50, an increase of almost 40% in the past month.

Bank of Nova Scotia-owned funds manager, 1832 Asset Management L.P., has acquired more than 9.38 million shares at an average price of $0.29 to boost its holding.

It now has more than 30.5 million Oklo shares.

READ: Oklo Resources’ shares rise after drilling broad zones of primary gold in Mali

Oklo is drilling at the Seko prospect within the Dandoko Gold Project in Mali.

The phase I program will be completed by end of January 2018.

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

In prolific gold producing region

The projects are within 30 kilometres from B2Gold’s (TSE:BTO) 5.15 million ounce Fekola project and 50 kilometres from Randgold’s (LON:RRS) 12.5 million ounce Loulo mine.

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Mon, 08 Jan 2018 15:26:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189623/oklo-resources-continues-to-attract-interest-from-canadian-institutions-189623.html
<![CDATA[News - Oklo Resources’ shares rise after drilling broad zones of primary gold in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/189052/oklo-resources-shares-rise-after-drilling-broad-zones-of-primary-gold-in-mali-189052.html Oklo Resources Ltd’s (ASX:OKU) shares are trading circa 13% higher intra-day at $0.395 after intersecting broad zones of primary gold from drilling at the Seko prospect within its Dandoko Project in Mali.

The new results include 59 metres at 2 g/t gold from a depth of 91 metres at the Seko Anomaly 2.

READ: Oklo Resources continues run of high-grade gold results at Seko prospect in Mali

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

These projects lie within 30 kilometres from B2Gold’s (TSE:BTO) 5.15 million ounce Fekola project and 50 kilometres from Randgold’s (LON:RRS) 12.5 million ounce Loulo mine.

Further significant zones of oxide gold mineralisation

A total of 137 drill holes for circa 13,000 metres have been completed to date as part of Oklo’s 2018 Phase I drilling campaign, with results pending from a further 40 holes.

Significant intersections to date include:

Seko Anomaly 2
- 36 metres at 2.63 g/t gold from 18 metres, including 10 metres at 6.57g/t gold from 37 metres and 2 metres at 16.45 g/t gold from 43 metres; and 
- 59 metres at 2.00 g/t gold from 91 metres to end of hole, including 9 metres at 3.09 g/t gold from 100 metres and 12 metres at 3.44 g/t gold from 115 metres.

Seko Anomaly 3
- 26 metres at 1.51 g/t gold from 58 metres, including 3 metres at 3.36 g/t gold from 60 metres and 5 metres at 3.62 g/t gold from 70 metres.

Drilling to restart in the first week of January

In addition to outlining further significant zones of oxide gold mineralisation, the drill holes have also successfully confirmed comparable widths and grades of gold mineralisation within fresh rock.

READ: Oklo Resources' chairman Michael Fotios buys big on-market

The results to date continue to confirm Seko’s potential to host a large gold system.

To accelerate the shallow infill drilling program, a second drill rig has recently mobilised to site, with the other rig now dedicated to deeper drilling.

The drilling will pause over the Christmas-New Year period and restart in the first week of January 2018.

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Wed, 20 Dec 2017 11:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189052/oklo-resources-shares-rise-after-drilling-broad-zones-of-primary-gold-in-mali-189052.html
<![CDATA[News - Oklo Resources' managing director exercises options as gold streak continues at Seko ]]> https://www.proactiveinvestors.com.au/companies/news/188624/oklo-resources-managing-director-exercises-options-as-gold-streak-continues-at-seko-188624.html Oklo Resources Ltd's (ASX:OKU) managing director, Simon Taylor, has increased his indirect stake in the company after exercising in-the-money options.

Taylor exercised 1,000,000 $0.10 options for a consideration of $100,000, and now holds an indirect stake of circa 4.2 million shares with several lines of options.

Shares in Oklo last traded at $0.34.

Oklo is currently drilling at the Seko Prospect within the Dandoko Project in Mali.

The phase I program will be completed by end of January 2018.

READ: Oklo Resources continues run of high-grade gold results at Seko prospect in Mali ]]>
Tue, 12 Dec 2017 13:16:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188624/oklo-resources-managing-director-exercises-options-as-gold-streak-continues-at-seko-188624.html
<![CDATA[News - Oklo Resources continues run of high-grade gold results at Seko prospect in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/188231/oklo-resources-continues-run-of-high-grade-gold-results-at-seko-prospect-in-mali-188231.html Oklo Resources Ltd (ASX:OKU) has received high-grade gold results from phase I drilling at the Seko Prospect within the Dandoko Project in Mali.

Strong intersections of up to 3 metres at 7.34 g/t gold from 3 metres have been returned from shallow aircore (AC) drilling at Seko Anomaly 1 (SK1).

Assay results from the AC holes continue to confirm the presence of further significant zones of mineralisation over strike lengths of more than 500 metres.

Deeper drilling also being carried out

Deeper reverse circulation (RC) and diamond drilling is also being carried out with assays pending.

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

The project is 30 kilometres from B2Gold’s (TSX:BTO) 5.15 million ounce Fekola project and 50 kilometres from Randgold’s (LON:RRS) 12.5 million ounce Loulo mine.

Commercial production was declared last week at Fekola, a month ahead of schedule.

READ: Oklo Resources reveals high-grade gold hits at the Seko prospect in Mali

The AC drilling is testing for extensions to shallow, oxide gold mineralisation.

Oklo has received results from 12 AC holes at SK1 with other significant intersections being 27 metres at 3.11 g/t within 76 metres at 1.65 g/t from 8 metres, and 7 metres at 2.45 g/t from 6 metres.

There have been 97 AC holes completed for 7,575 metres along with 17 RC holes for 2,262 metres.

Gold mineralisation remains open at depth and along strike.

SK1 trend extends over 2 kilometres

The SK1 trend extends over 2 kilometres with wide zones of gold mineralisation up to 200 metres across strike.

Simon Taylor, managing director, said: “The AC results are exceptional and further confirm our belief that the Seko discovery has the potential to host a significant, shallow gold resource.”

READ: Oklo Resources’ chairman Michael Fotios buys big on-market

The deeper RC holes have targeted extensions to oxide gold mineralisation at anomalies SK2 and SK3.

The phase I program is estimated to be completed by the end of January 2018 at an estimated cost of $3.5 million.

Reconnaissance in 2016 reveals Seko

In late 2016, Oklo initiated a reconnaissance auger geochemistry program over the Dandoko and Moussala projects to explore for new targets.

The program delivered early success with the delineation of the 12-kilometre long Dandoko gold corridor, including the Seko discovery.

Seko is the only target that has had any follow-up drilling with numerous targets yet to be drill tested.

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Tue, 05 Dec 2017 11:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188231/oklo-resources-continues-run-of-high-grade-gold-results-at-seko-prospect-in-mali-188231.html
<![CDATA[News - Oklo Resources reveals high-grade gold hits at the Seko prospect in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/187866/oklo-resources-reveals-high-grade-gold-hits-at-the-seko-prospect-in-mali-187866.html Oklo Resources Ltd’s (ASX:OKU) shares are trading circa 16% higher intra-day after receiving high-grade gold results from its phase I drilling program at the Seko prospect within the Dandoko Project in Mali.

Assays received to date from aircore (AC) drilling confirms the presence of significant zones of oxide gold mineralisation over strike lengths in excess of 500 metres.

Simon Taylor, managing director, said: “The first AC results from the 2018 field season are exceptional and further confirm our belief that the Seko gold discovery has the potential to host a significant, shallow gold resource.

“Reverse circulation drilling is now underway testing for deeper primary gold mineralisation at Seko, which is just one of numerous priority auger gold targets along the 12 kilometres long Dandoko gold corridor.

“We expect the current program to be completed in late January 2018 and look forward to providing ongoing updates as results come to hand.”

Exceptional grades and widths of gold intersected

A total of 80 AC holes (for 6,121 metres) and 5 reverse circulation (RC) holes (for 699 metres) have been completed to date.

Significant intersections from the first 68 AC holes, comprising infill and step-out holes testing for extensions and higher grade zones to previous shallow, oxide gold intersections include:

- 42 metres at 6.14 g/t gold from surface, including 7 metres at 15.10 g/t gold from 27 metres;
- 30 metres at 4.47 g/t gold from surface; including 7 metres at 6.49 g/t gold from 3 metres; and
- 10 metres at 4.68 g/t gold from 27 metres.

At SK2, exceptional grades and widths of gold mineralisation have been returned with the mineralisation remaining open at depth and along strike.

At SK3, the drilling has successfully extended the known mineralisation by a further 80 metres to the north and remains open along strike.

Aggressive drill program to define a gold resource

The shallow AC drilling to date has not defined the structural controls and plunge to the gold mineralisation and this will be the focus of the ongoing phase I drilling program.

The drilling is continuing with deeper RC holes to circa 180-200 metres vertical depth targeting extensions to the known oxide gold mineralisation down into fresh rock.

Once the RC drilling is complete, the rig will be converted back to AC to test the northern extension of SK1 while the RC assays are awaited.

READ: Oklo Resources' chairman Michael Fotios buys big on-market ]]>
Tue, 28 Nov 2017 12:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187866/oklo-resources-reveals-high-grade-gold-hits-at-the-seko-prospect-in-mali-187866.html
<![CDATA[News - Oklo Resources' chairman Michael Fotios buys big on-market ]]> https://www.proactiveinvestors.com.au/companies/news/187053/oklo-resources-chairman-michael-fotios-buys-big-on-market-187053.html Oklo Resources Ltd's (ASX:OKU) non-executive chairman, Michael Fotios, has purchased 300,000 shares on-market for a consideration of almost $78,000.

This increased his indirect position through Investmet Limited to 1.2 million shares.

Fotios also holds indirect interests through Delta Resource Management Pty Ltd (four million shares) and Hades Corporation (WA) Pty Ltd (one million unlisted options exercisable at $0.20).

Oklo shares are trading 11.5% higher today at $0.29.

The company recently commenced its 2017-18 drilling season at its emerging Dandoko gold project located in western Mali.

READ NOW: Oklo Resources commences aggressive gold drilling in West Africa ]]>
Fri, 10 Nov 2017 13:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187053/oklo-resources-chairman-michael-fotios-buys-big-on-market-187053.html
<![CDATA[News - Oklo Resources to acquire gold project near its flagship asset in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/186530/oklo-resources-to-acquire-gold-project-near-its-flagship-asset-in-mali-186530.html Oklo Resources Ltd (ASX:OKU) has signed an agreement to acquire the Kouroufing gold project, located 20 kilometres southeast of the company’s flagship Dandoko Project in western Mali.

The Kouroufing Project covers an area of 90.7 square kilometres within the Kenieba Inlier to the east of the regionally significant Senegal Mali Shear Zone (SMSZ).

Significantly, the SMSZ and associated structures are spatially related to several major gold projects including Fekola (5.2 million ounces), Loulo (12.5 million ounces) and Gounkoto (5.4 million ounces).

The Kouroufing Project covers a largely unexplored tract of highly prospective Proterozoic Birimian greenstones in a comparable geological setting to the nearby, multi-million ounce gold mines.

Oklo has already identified northeast-trending structures within the project area, which are considered similar to those outlined within the company’s nearby Dandoko Project.

These structures are associated with the 12 kilometres long, northeast-trending gold corridor outlined by reconnaissance auger drilling outlined.

Oklo has commenced work at the project area, with a data compilation process having begun and initial planning for field programs in November and December.

READ NOW: Oklo Resources commences aggressive gold drilling in West Africa

Last month, Oklo commenced its 2017-18 drilling season at its emerging Dandoko gold project located in western Mali, following a successful 2016-17 drill season.

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Wed, 01 Nov 2017 11:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186530/oklo-resources-to-acquire-gold-project-near-its-flagship-asset-in-mali-186530.html
<![CDATA[News - Oklo Resources commences aggressive gold drilling in West Africa ]]> https://www.proactiveinvestors.com.au/companies/news/186054/oklo-resources-commences-aggressive-gold-drilling-in-west-africa-186054.html Oklo Resources (ASX:OKU) has commenced its 2017-18 drilling season at its emerging Dandoko gold project located in western Mali.

Drilling follows a successful 2016-17 season in which reconnaissance auger drilling outlined a 12-kilometre long gold corridor within the Dandoko project.

Follow-up drilling was also completed over one target area within the corridor known as the Seko prospect, which encountered significant bedrock gold mineralisation.

A Phase 1 drilling program comprising 25,000 metres of aircore, 6,000 metres of reverse circulation and 1,500 metres of diamond drilling is scheduled to be completed by the end of January 2018.

All drilling programs are fully funded from the company’s cash reserves of circa $12.7 million.

Three main targets

Oklo’s aggressive drilling campaign over the course of the 2017-18 field season will test the following targets:

- Seko gold discovery: Infill and resource definition drilling over the five main Seko gold trends;
- Dandoko gold corridor: Follow-up aircore drilling over other anomalies outlined along the 12-kilometre gold corridor; and
- Regional targets: First-pass reconnaissance auger drill testing over Oklo’s other projects in south Mali.

Aircore drilling has commenced at Seko

An aircore rig has now commenced drilling on 40-metre infill lines between the previous nominal 120-metre spaced lines along the interpreted strike extents of the Seko gold trends.

Initially, aircore will be the predominant drill method employed due to its cost effectiveness in the deep weathering profile.

Deeper reverse circulation and diamond drilling is planned to follow the aircore program to further evaluate the gold mineralisation at depth in fresh rock.

The Seko prospect

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

First pass, wide-spaced drilling at Seko to date has totalled 16,760 metres of aircore drilling and six deeper diamond holes.

Highlights include:

- 74 metres at 2.12 g/t gold;
- 28 metres at 3.38 g/t gold;
- 15 metres at 3.02 g/t gold;
- 17 metres at 4.04 g/t gold;
- 13 metres at 2.29 g/t gold;
- 24 metres at 2.02 g/t gold
- 54 metres at 1.37 g/t gold; and
- 34 metres at 1.92 g/t gold.

Drilling led by strengthened technical team

Oklo has recently appointed Treeve Oates as a project geologist.

Prior to joining Oklo, Oates was employed by B2Gold Corp and CSA Global.

Dandoko lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

Oates employment with B2Gold included secondments to the Fekola discovery.

He will add to an already highly experienced in-country technical team including technical director Dr Madani Diallo, general manager Andrew Boyd and principal geologist Bathily Mamadou.

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Tue, 24 Oct 2017 08:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186054/oklo-resources-commences-aggressive-gold-drilling-in-west-africa-186054.html
<![CDATA[News - Oklo Resources' Simon Taylor reflects on Seko gold discovery ]]> https://www.proactiveinvestors.com.au/companies/news/183349/oklo-resources-simon-taylor-reflects-on-seko-gold-discovery-183349.html Oklo Resources Ltd (ASX:OKU) has now wrapped up an extensive 182 hole program at the the Seko gold discovery, located within the company's Dandoko Project in western Mali.

The importance of the Seko prospect is that within each hole the company noted lots of alterations, which is indicative of a large gold system.

Highlights from the final holes include extending Anomaly 1 by a further 200 metres to a strike length of 1.2 kilometres, with intercepts such as: 16 metres at 1.25g/t gold from 11 metres.

The region has a rich endowment of gold, with Oklo's projects located 30 kilometres to the east of B2Gold’s 5.15 million gold ounce Fekola Project, and 50 kilometres to the south-southeast of Randgold’s 12.5 million gold ounce Loulo Mine.

Simon Taylor, managing director, commented:

"In late 2016 we initiated a reconnaissance auger geochemistry program over the Dandoko and Moussala projects to explore for new targets concealed under the extensive tracts of lateritic cover.

"This program delivered early success with the delineation of a 12 kilometre long gold corridor at Dandoko, including the Seko discovery.

"Results to date from follow-up air-core drilling programs at Seko have outlined several significant zones of shallow bedrock gold mineralisation with primary gold mineralisation also confirmed in deeper stratigraphic diamond holes.

"Our team is currently planning further follow-up drilling programs and we look forward to reporting on our aggressive exploration plans for Seko and elsewhere within the Dandoko gold corridor in the near future."

Planning is currently underway on the 2017-18 field program which will commence upon cessation of the current wet season.

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Mon, 04 Sep 2017 13:34:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183349/oklo-resources-simon-taylor-reflects-on-seko-gold-discovery-183349.html
<![CDATA[News - Oklo Resources' Seko discovery, six months on gold source is found ]]> https://www.proactiveinvestors.com.au/companies/news/182505/oklo-resources-seko-discovery-six-months-on-gold-source-is-found-182505.html Oklo Resources Ltd (ASX:OKU) has been a top performer on the ASX since the Seko discovery earlier this year, with shares in the company more than doubling over that time to A$0.29.

Oklo is focused on the Kenieba Inlier of western Mali, where it's Dandoko and adjoining Moussala Projects are located.

The area has a rich endowment of gold, with Oklo's projects located 30 kilometres to the east of B2Gold’s 5.15 million gold ounce Fekola Project, and 50 kilometres to the south-southeast of Randgold’s 12.5 million gold ounce Loulo Mine.

Importance of the Seko prospect

Oklo's exploration strategy across its projects included a 74,000 metre auger program, which has all been modelled, and provided the Seko target.

This year Oklo has drilled into Seko 16,700 metres of air-core and 960 metres of diamond.

The importance of the Seko prospect is that within each hole the company noted lots of alterations, which is indicative of a large gold system.

Latest assays

Assays have now been received from the stratigraphic diamond drilling program at four of the Seko gold trends.

The previously announced reverse circulation pre-collar intersection of: 65.6 metres at 2.20g/t gold; has been extended by the diamond tail to: 74 metres at 2.12g/t gold from 85 metres.

Another hole intersected: 73 metres at 1.02g/t gold from 94 metres, including 17 metres at 2.01 g/t gold; and 19 metres at 1.10 g/t gold.

Wide zone of anomalous gold mineralisation were intersected at Anomaly 2.

More assays are pending from a further 33 shallow air-core holes.

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Wed, 16 Aug 2017 13:46:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182505/oklo-resources-seko-discovery-six-months-on-gold-source-is-found-182505.html
<![CDATA[News - Oklo Resources reveals more Seko gold, assays pending from deeper diamond drilling ]]> https://www.proactiveinvestors.com.au/companies/news/182346/oklo-resources-reveals-more-seko-gold-assays-pending-from-deeper-diamond-drilling-182346.html Oklo Resources Ltd (ASX:OKU) is using gold exploration success to continue to swell the potential of the Seko prospect, located within the company's Dandoko Project in western Mali.

Dandoko is positioned in elephant country, and is 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

Shares in the company have doubled in the past 12-months to $0.345.

Latest assays

Today's results are from a further 59 aircore infill and step-out holes, with highlights:

Anomaly 2:

- 28 metres at 3.38g/t gold from 2 metres to end of hole; including 17 metres at 5.04g/t gold; and
- 40 metres at 1.51g/t gold from surface to end of hole; including 25 metres at 2.15g/t gold.

Anomaly 3:

- 31 metres at 1.02g/t gold from 65 metres to end of hole; including
4 metres at 2.08g/t gold.

Anomaly 1:

- 8 metres at 2.69g/t gold from 16 metres; including 2 metres at 4.66g/t gold.

More assays pending

Seko has the potential to yield more gold in the near-term, with assays pending from a further 33 aircore and five deeper diamond holes.

Analysis

Today's broad gold intersections build on highlights from July such as: 65.6 metres at 2.20 g/t gold.

Aircore drilling has been consistently intersecting gold during the company's drilling programs at Seko, but what will build further interest of the depth potential will be assays from the recently completed diamond drilling.

This program tested Anomalies 1, 2, 3 and 5.

Significantly, all holes intersected significant alteration zones in fresh rock over wide intervals variously characterised by silicification and carbonation (ankerite), sulphide and quartz mineralisation.

Oklo remains well-funded with $14.8 million in cash at the end of June 2017.

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Mon, 14 Aug 2017 10:25:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182346/oklo-resources-reveals-more-seko-gold-assays-pending-from-deeper-diamond-drilling-182346.html
<![CDATA[News - Oklo Resources hits 65-metre golden intersection at Seko ]]> https://www.proactiveinvestors.com.au/companies/news/181376/oklo-resources-hits-65-metre-golden-intersection-at-seko-181376.html Oklo Resources (ASX:OKU) has intersected 65.6 metres at 2.20 g/t gold at the Seko prospect within the Dandoko Project located in western Mali.

The intersection has sent the company’s shares up 25% in this morning’s trade.

Assays have been received to the end of the reverse circulation pre-collar, which is where the intersection ended.

Significantly, assays for the diamond extension of 70 metres are awaiting assay, potentially increasing the gold zone.

All assay results from the six hole diamond drilling program and the remaining 93 aircore holes are outstanding and will be reported as they come to hand.

Assay results

Assay results received from the reverse circulation pre-collar hole to 150.6 metres depth includes:

- 65.6 metres at 2.20 g/t gold from 85 metres to end of pre-collar including 29 metres at 3.07 g/t gold from 86 metres and 20.6 metres at 2.48 g/t gold from 130 metres to end of pre-collar.

Other smaller intersection within these broader zones includes:

- 8 metres at 5.38 g/t gold from 130 metres;
- 6 metres at 11.08 g/t gold from 103 metres; and
- 1 metre at 20.59 g/t gold from 104 metres.

Assays are from the pre-collar section of the drill hole on diamond hole DDH5, which was drilled to a total depth of 220.8 metres.

About the diamond drilling program

The recently completed diamond program, comprising 6 holes for 961 metres, tested four separate anomalies at Seko (Anomalies 1, 2, 3 and 5).

All holes achieved a maximum downhole depth of 220.8 metres for a vertical depth ~180 metres.

Significantly, all holes intersected significant alteration zones in fresh rock over wide intervals variously characterised by silicification and carbonation (ankerite), sulphide and quartz mineralisation.

The Seko prospect

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

Recently completed aircore drilling at Seko totalled 182 holes and results are pending for 93 holes.

Highlights from the first 89 holes included 13 metres at 2.29 g/t gold from 83 metres depth to end-of-hole.

Seko lies within the Dandoko Project, which is located within the Kenieba Inlier of western Mali.

Dandoko lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

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Tue, 25 Jul 2017 11:49:00 +1000 https://www.proactiveinvestors.com.au/companies/news/181376/oklo-resources-hits-65-metre-golden-intersection-at-seko-181376.html
<![CDATA[News - Oklo Resources Ltd receives more gold assays from Seko ]]> https://www.proactiveinvestors.com.au/companies/news/180726/oklo-resources-ltd-receives-more-gold-assays-from-seko-180726.html Oklo Resources Ltd (ASX:OKU) has received assay results for 89 drilled aircore holes at the Seko gold prospect within the Dandoko Project located in Mali.

The infill and step-out holes were completed at Seko testing for extensions to previously discovered shallow, oxide gold mineralisation.

Highlights include 13 metres at 2.29 g/t gold from 83 metres depth to end of hole.

The aircore program totalled 182 holes and results from the remaining 93 holes will be reported as they come to hand.

Assay results from five diamond drill holes are also pending from the Seko prospect.

Drill result details

Assays results received from 89 of the 182 aircore infill and step-out holes completed at Seko testing for extensions to previously reported shallow, oxide gold mineralisation.

Significant intersections include:

- 13 metres at 2.29 g/t gold from 83 metres to end of hole;
- 17 metres at 4.04 g/t gold from 16 metres to end of hole;
- 34 metres at 1.92 g/t gold from 11 metres including 22 metres at 2.05 g/t gold;
- 5 metres at 10.25 g/t gold from 10 metres;
- 6 metres at 2.58 g/t gold from 44 metres;
- 3 metres at 3.46 g/t gold from 69 metres; and
- 44 metres at 0.69 g/t gold from 12 metres including 6 metres at 1.18 g/t gold.
Assays results are pending from the 5 deeper diamond holes completed at Seko, which all intersected significant alteration zones in fresh rock over wide intervals.

The diamond holes across four of the Seko trends were designed to provide valuable geological and structural information on the primary mineralisation below the previously reported significant aircore drilling results to assist in the planning of deeper reverse circulation drill holes.

Seko background

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

Significant intersections include: 15 metres at 3.02 g/t gold, 18 metres at 2.01 g/t gold, 54 metres at 1.37 g/t gold and 24 metres at 2.02 g/t gold.

Seko lies within the Dandoko Project, which is located within the Kenieba Inlier of western Mali.

Dandoko lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

Analysis

The follow-up aircore holes have successfully confirmed the presence of further significant zones of oxide gold mineralisation over strike lengths in excess of 500 metres at two anomalies.

Exploration based news flow is expected to continue over the short term with the remaining assays from the completed drill program pending.

The diamond and aircore drilling programs mark the conclusion of Oklo’s aggressive 2017 drilling campaign of over 100,000 metres prior to the onset of this wet season.

Oklo is in a healthy financial position, with a recent option exercise boosting the company’s cash position to $14.5 million.

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Wed, 12 Jul 2017 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/180726/oklo-resources-ltd-receives-more-gold-assays-from-seko-180726.html
<![CDATA[News - Oklo Resources Ltd's Michael Fotios and Simon Taylor increase stakes ]]> https://www.proactiveinvestors.com.au/companies/news/180718/oklo-resources-ltd-s-michael-fotios-and-simon-taylor-increase-stakes-180718.html Oklo Resources Ltd (ASX:OKU) has been a top performing explorer on the ASX over the past eighteen months, on the back of continued gold drilling success from the Dandoko Project in Mali.

Oklo last traded at $0.22 per share, or more than four times its valuation at the end of 2016.

The rising share price has provided strong cash inflows from the exercise of in-the-money options.

Michael Fotios, chairman, exercised one million $0.125 options at the end of June 2017 for a consideration of $125,000.

His indirect stake has now increased to 5.2 million shares and one million unlisted options.

Simon Taylor, managing director, exercised 500,000 of the same options for an investment of $62,500.

Taylor's indirect stake is now circa 3.2 million shares, with several lines of options.

It wasn't just the company directors participating in the option exercise. Almost every option from the 30 June 2017 series was exercised, providing Oklo with an additional $3 million in cash.

New substantial shareholder

Oklo has also received a notice of initial substantial shareholder from the Hawkestone Group, which holds 19.7 million shares for a 6.53% stake.

Mali gold

Oklo's Dandoko Project is located within the Kenieba Inlier of western Mali, and recent exploration success has been coming from the Seko prospect.

Significant intersections include: 15 metres at 3.02 g/t gold, 18 metres at 2.01 g/t gold, 54 metres at 1.37 g/t gold and 24 metres at 2.02 g/t gold.

Dandoko is positioned 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

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Wed, 12 Jul 2017 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/180718/oklo-resources-ltd-s-michael-fotios-and-simon-taylor-increase-stakes-180718.html
<![CDATA[News - Oklo Resources Ltd swells cash position from in-the-money options ]]> https://www.proactiveinvestors.com.au/companies/news/180343/oklo-resources-ltd-swells-cash-position-from-in-the-money-options-180343.html Oklo Resources Ltd (ASX:OKU) shareholders made instant paper gains as 99.99% of the $0.125 30 June 2017 in-the-money options were snapped up.

Oklo last traded at $0.235, providing an 88% gain. Shares are expected to be issued later this week.

The options provided the company with almost $3 million, and in addition to the recent $8.7 million share placement, Oklo's cash position has swelled to $14.5 million.

Oklo is therefore well placed to continue aggressive exploration campaigns over its gold projects in Mali, west Africa.


Exploration news pending

Simon Taylor, managing director, commented: "We eagerly await assay results from the recently completed diamond and air-core drilling programs at Seko, that mark the conclusion of Oklo’s very successful 2017 drilling campaign of over 100,000 metres prior to the onset of the wet season."


Seko background

Currently, the Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

Significant intersections include: 15 metres at 3.02 g/t gold, 18 metres at 2.01 g/t gold, 54 metres at 1.37 g/t gold and 24 metres at 2.02 g/t gold.

Seko lies within the Dandoko Project, which is located within the Kenieba Inlier of western Mali.

Dandoko is positioned 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

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Wed, 05 Jul 2017 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/180343/oklo-resources-ltd-swells-cash-position-from-in-the-money-options-180343.html
<![CDATA[News - Oklo Resources confirms Seko gold trend at depth ]]> https://www.proactiveinvestors.com.au/companies/news/179579/oklo-resources-confirms-seko-gold-trend-at-depth-179579.html Oklo Resources (ASX:OKU) has completed first-pass diamond drilling and follow-up aircore drilling at the Seko gold prospect within the Dandoko Project located in Mali.

The drilling programs were designed to test for both strike and depth extensions to the significant shallow oxide gold mineralisation previously encountered at Seko.

Aircore drilling to a vertical depth of circa 80 metres has now totalled 183 holes for 11,517 metres and the recent deeper diamond drilling comprised 6 holes for 961 metres.

Significantly, all diamond holes successfully intersected significant alteration zones in fresh rock over wide intervals.

Both the aircore and diamond drilling programs have now been completed with drilling activities halted pending assays and the onset of the wet season.


Seko drilling program details

A first pass stratigraphic diamond drilling program, comprising of 6 holes for 961 metres, was recently completed testing anomalies 1,2,3 and 5 at Seko.

All holes were angled the same and achieved a maximum downhole depth of 221 metres for a vertical depth of circa 180 metres.

The diamond holes across four of the Seko trends were designed to provide valuable geological and structural information on the primary mineralisation below the previously reported significant aircore drilling results to assist in the planning of deeper reverse circulation drill holes.

The infill aircore drilling program comprising 11,517 metres in 183 holes tested for strike extensions to the previously drilled shallow oxide gold mineralisation at Seko.

The diamond and aircore drilling programs mark the conclusion of Oklo’s aggressive 2017 drilling campaign of over 100,000 metres prior to the onset of this wet season.


Seko background

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

Significant intersections include: 15 metres at 3.02 g/t gold, 18 metres at 2.01 g/t gold, 54 metres at 1.37 g/t gold and 24 metres at 2.02 g/t gold.

Seko lies within the Dandoko Project, which is located within the Kenieba Inlier of western Mali.

Dandoko lies 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

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Wed, 21 Jun 2017 10:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/179579/oklo-resources-confirms-seko-gold-trend-at-depth-179579.html
<![CDATA[News - Oklo Resources aggressively drilling out Seko gold discovery ]]> https://www.proactiveinvestors.com.au/companies/news/178422/oklo-resources-aggressively-drilling-out-seko-gold-discovery-178422.html Oklo Resources (ASX:OKU) has completed 8,422 metres of the planned 10,000 metre follow-up aircore program over the Seko gold trends within the Dandoko Project located in Mali.

The Seko gold trends consist of five strong auger gold anomalies of up to 2.0 kilometres in length, with a combined strike length of over 7 kilometres.

This current aircore drilling follows the successful first pass aircore program, which confirmed the presence of significant bedrock gold mineralisation at all five auger anomalies tested.

Furthermore, a diamond rig arrived on site last week and a 600 metre program has commenced on three of the Seko trends.

Deeper reverse circulation drilling is planned to follow the current Seko aircore and diamond program to further evaluate the gold mineralisation in fresh rock.


Drilling at Moussala Project

The Moussala Project, like the Dandoko Project is located within the Kenieba Inlier of western Mali.

The two projects lie 30 kilometres to the east of B2Gold’s 5.15 million ounce Fekola Project and 50 kilometres to the south-southeast of Randgold’s 12.5 million ounce Loulo Mine.

All assay results have been received from the 1,638 hole, 19,850 metre reconnaissance program over the Moussala Project.

Numerous new gold trends were delineated from the first pass auger program with values up to 5.8 g/t gold recorded.

Further encouraging zones of gold anomalism were successfully outlined including at the Dakadia, Dakadia South and Brundoto prospects related to interpreted regional structures

More detailed auger drilling will begin at Moussala once current assay results are integrated with other exploration data including the aeromagnetic and radiometric survey.

Dakadia will be the focus of initial follow-up work.


Recent capital raising

During early May 2017, Oklo received commitments to raise $8.7 million at $0.24 per share in a share placement.

Proceeds are being primarily used for the acceleration of exploration activities over the company’s Mali Gold Projects.

BlackRock Group, the world's largest asset manager, participated in the placement and increased its shareholding to 14.89%.

Furthermore, additional funds are expected from the exercise of in-the-money options during June, raising an additional circa $3 million.

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Mon, 29 May 2017 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/178422/oklo-resources-aggressively-drilling-out-seko-gold-discovery-178422.html
<![CDATA[News - Oklo Resources: World's largest asset manager boosts position ]]> https://www.proactiveinvestors.com.au/companies/news/177472/oklo-resources-world-s-largest-asset-manager-boosts-position-177472.html Oklo Resources (ASX:OKU) has received more support from globally renoewed BlackRock Group, which has increased its position in the company to 14.89% from 10.33%.

The nature of change was from the participation in a placement.

BlackRock Group is the world's largest asset manager.

Oklo has commenced a new drilling program at the Seko prospect within the company's Dandoko project, which has been confirmed as a significant new gold discovery.

Air-core will be the predominant drill method employed due to its cost effectiveness in the deep weathering profile.

The program will be completed on nominal 120 metre spaced lines along the interpreted strike extents of the auger-defined gold trends.

Deeper reverse circulation drilling is planned to follow the air-core program to further evaluate the gold mineralisation in fresh rock.

The company's 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.

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Tue, 09 May 2017 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177472/oklo-resources-world-s-largest-asset-manager-boosts-position-177472.html
<![CDATA[News - Oklo Resources commences next drilling phase at Seko gold discovery ]]> https://www.proactiveinvestors.com.au/companies/news/177405/oklo-resources-commences-next-drilling-phase-at-seko-gold-discovery-177405.html Oklo Resources (ASX:OKU) has been a stand-out gold explorer during 2017, with the valuation of the company doubling to circa $50 million.

Driving the positive re-rating has been continued gold exploration success at its interests in Mali.

This has been primarily from results at the Seko prospect within the company's Dandoko project, which has been confirmed as a significant new gold discovery.

Oklo has been well-supported by international institutional and sophisticated investors, which recently helped the company raise $8.7 million.

Additional funds are expected from the exercise of in-the-money options during June, raising an additional circa $3 million.


Next exploration steps

Previously announced significant intersections include: 15 metres at 3.02g/t gold, 18 metres at 2.01g/t gold, 54 metres at 1.37g/t gold and 24 metres at 2.02g/t gold.

A follow-up 10,000 metre drilling program has now commenced and will consist of a combination of air-core, diamond and reverse circulation drilling.

The air-core will be the predominant drill method employed due to its cost effectiveness in the deep weathering profile.

The program will be completed on nominal 120 metre spaced lines along the interpreted strike extents of the auger-defined gold trends.

Deeper reverse circulation drilling is planned to follow the air-core program to further evaluate the gold mineralisation in fresh rock.

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Mon, 08 May 2017 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177405/oklo-resources-commences-next-drilling-phase-at-seko-gold-discovery-177405.html
<![CDATA[News - Oklo Resources welcomes BlackRock Group as major shareholder ]]> https://www.proactiveinvestors.com.au/companies/news/177336/oklo-resources-welcomes-blackrock-group-as-major-shareholder-177336.html Oklo Resources (ASX:OKU) has a new substantial shareholder as BlackRock Group has taken a 10.33% initial stake in the Mali gold company.

BlackRock is the world's largest asset manager and purchased the majority of its 24.9 million shares at $0.24.

Oklo recently received commitments to raise $8.7 million in a share placement.

Proceeds will primarily be used to accelerate exploration activities over the company’s Mali Gold Projects.

The company's 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.

Results from the upcoming drilling programs are expected at the Seko discovery within the Dandoko project.

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Fri, 05 May 2017 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177336/oklo-resources-welcomes-blackrock-group-as-major-shareholder-177336.html
<![CDATA[News - Oklo Resources gold exploration success delivers capital raising windfall ]]> https://www.proactiveinvestors.com.au/companies/news/177119/oklo-resources-gold-exploration-success-delivers-capital-raising-windfall-177119.html Oklo Resources (ASX:OKU) continued gold exploration success in Mali has attracted domestic and international institutional and sophisticated investors to an oversubscribed raising.

Adding further support for the company's strategy, demand also came from a pre-eminent global resource fund as a cornerstone investor to the placement.

Oklo has received commitments to raise $8.7 million at $0.24 per share under the existing placement capacity.

Proceeds will primarily be used to accelerate exploration activities over the company’s Mali Gold Projects.

Simon Taylor, managing director, commented:

"The company is delighted with the strong interest shown in this capital raising following the recent positive aircore drill hole results from the Seko discovery at our Dandoko project in west Mali.

"We look forward to further positive news flow in the weeks ahead with the next phase of infill drilling about to commence at Seko."

Seko has been confirmed as a significant new gold discovery.


Analysis

On the back of today's raising, Oklo is also expecting further cash inflows of circa $3 million from the exercise of in-the-money options during June.

This positions the company to accelerate drilling activities at Seko and over its other highly prospective exploration targets.

Adding interest, during the March quarter two new substantial shareholders emerged in Chalice Gold Mines (ASX:CHN) with 9% and Resolute Mining (ASX:RSG) with 5%.

Drilling during the March quarter included 71,961 metres of auger, 5,250 metres of aircore and 7,946 metres of reverse circulation.

More results are pending within coming weeks.

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Tue, 02 May 2017 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177119/oklo-resources-gold-exploration-success-delivers-capital-raising-windfall-177119.html
<![CDATA[News - Oklo Resources to lift cash balance for West African gold ]]> https://www.proactiveinvestors.com.au/companies/news/177022/oklo-resources-to-lift-cash-balance-for-west-african-gold-177022.html Oklo Resources (ASX:OKU) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The company has continued to have gold exploration success in Mali.

The halt will remain in place until the opening of trade on Tuesday 2nd May 2017, or earlier if an announcement is made to the market.

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Fri, 28 Apr 2017 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177022/oklo-resources-to-lift-cash-balance-for-west-african-gold-177022.html
<![CDATA[News - Oklo Resources on the cusp of next major gold discovery in Mali ]]> https://www.proactiveinvestors.com.au/companies/news/176889/oklo-resources-on-the-cusp-of-next-major-gold-discovery-in-mali-176889.html Oklo Resources (ASX:OKU) shares have been positively re-rated in recent months on the back of continued exploration success in Mali.

Oklo last traded at $0.28 per share, or around two-and-a-half times higher than at the start of 2017.

Now today Oklo has revealed the latest results from first pass aircore drilling at the Seko discovery, located within the Dandoko project, confirming significant bedrock gold mineralisation at all five anomalies tested.

Follow-up air-core drilling will commence immediately, with more targeted reverse circulation and diamond drilling programs expected over coming months.


Latest highlights

- Anomaly 3: Line 8; 35 metres at 1.86g/t gold from 55 metres to end of hole; and 27 metres at 1.21g/t gold.

- Anomaly 4: Line 7; 8 metres at 1.30g/t gold from 27 metres.

- Anomaly 5: Line 6; 13 metres at 1.22g/t gold from 5 metres.

These results add to previously outlined intersections from anomalies 1 and 2, which included:

- 13 metres at 2.27g/t gold from 23 metres; 18 metres at 2.01g/t gold from 51 metres; and 54 metres at 1.37g/t gold from 0 metres.


Simon Taylor, managing director, commented:

"From Seko’s initial discovery by auger drilling in January to the confirmation of wide zones of gold mineralisation at depth in April is a fantastic achievement.

"Given the wide drill spacing so far, follow-up infill and deeper drilling programs are commencing immediately and we look forward to reporting further positive developments in the near future."


Analysis

Oklo is exploring in elephant country and is on the cusp of a major gold discovery, as evidenced by the latest results

The company's 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.

Results from the upcoming reverse circulation and diamond drilling programs will be highly anticipated.

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Wed, 26 Apr 2017 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176889/oklo-resources-on-the-cusp-of-next-major-gold-discovery-in-mali-176889.html
<![CDATA[News - Oklo Resources drills out more evidence for gold system at Seko ]]> https://www.proactiveinvestors.com.au/companies/news/176052/oklo-resources-drills-out-more-evidence-for-gold-system-at-seko-176052.html Oklo Resources (ASX:OKU)  has received assays for 13 more holes from the Seko gold discovery within the Dandoko project located in Mali.

These results from the second anomaly at Seko continue to enhance the discovery and its potential to host an economic gold system.

Significant intersections include 54 metres at 1.37 g/t gold from surface to end of hole.

Assay results from the remaining 23 holes testing a further 3 of the Seko gold anomalies are expected over the coming fortnight.

Simon Taylor, managing director, commented:

"The results received to date have far exceeded our expectations especially as holes are still at a wide spacing on 400 metre lines and 50 metre apart along section.

"Planning is now well underway for the next phase of detailed aircore drilling."


Seko drilling results details

A first pass aircore drilling program, comprising 62 holes for 5,250 metres, was recently completed at Seko along 9 traverses at a spacing of 400 metres.

The current results are from traverses #4 and #5 and follow recent results from traverses #1, #2 and #3.

Significant results from these most recent results include:

- 54 metres at 1.37 g/t gold from surface including 24 metres at 2.02 g/t gold and 8 metres at 2.82 g/t gold;
- 5 metres at 0.86 g/t gold from 14 metres depth; and
- 4 metres at 0.50 g/t gold from 19 metres depth.

Assay results from the remaining 4 traverses are expected over the coming fortnight.


Analysis

These new aircore drilling results over the second anomaly further strengthens Oklo’s belief that a large gold system exists at Seko.

Oklo remains leveraged to further exploration based news flow at Seko with assays from the remaining completed holes expected over the coming two weeks.

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.

Oklo shares have more than doubled year to date, currently priced at $0.27.

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Thu, 06 Apr 2017 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176052/oklo-resources-drills-out-more-evidence-for-gold-system-at-seko-176052.html
<![CDATA[News - Oklo Resources initial assays bode well for Seko gold discovery ]]> https://www.proactiveinvestors.com.au/companies/news/175648/oklo-resources-initial-assays-bode-well-for-seko-gold-discovery-175648.html Oklo Resources (ASX:OKU) has received assay results from the first 25 holes of a 62 hole program at the Seko gold discovery within the Dandoko project located in Mali.

The first pass aircore drilling campaign at Seko has intersected significant widths of gold mineralisation in multiple holes spaced 50 metres apart.
Significant intersections include 18 metres at 2.01 g/t gold from 51 metres.

Initial assays come from the first three drill traverses, which cover only 800 metres of the first Seko two kilometre long gold trend.

Assay results from the remaining 6 aircore traverses or 37 holes testing a further 4 of the Seko auger gold anomalies are expected over the coming fortnight.
Simon Taylor, managing director, commented: “These initial aircore drilling results over just one of the Seko anomalies provide promising indications for a large gold system at depth.”


Drill result details

A total of 62 holes for circa 5,250 metres were drilled in the first pass aircore program along 9 traverses at a line spacing of 400 metres.

Significant intersections include:

- 13 metres at 2.27g/t gold from 23 metres;
- 18 metres at 2.01g/t gold from 51 metres; and
- 14 metres at 1.96g/t gold from 8 metres.

Broad zones of lower grade gold mineralisation include:

- 25 metres at 1.30 g/t gold from surface;
- 36 metres at 1.08 g/t gold from 23 metres; and
- 31 metres at 0.50 g/t gold from 8 metres.

All significant intersections coincident with auger geochemical anomalies and are hosted within deeply weathered bedrock.


Analysis

The emerging Seko gold discovery extends over a large area and these assay results from the first three wide-spaced lines is a very encouraging start.

In particular, results support the potential of the greater 12 kilometre-long Dandoko gold corridor.

Oklo remains leveraged to further exploration based news flow at Seko with results from the other six lines of aircore holes expected.

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.


Oklo shares have more than doubled year to date, currently priced at $0.275.

The drilling programs are fully funded and continue to be a constant source of news flow for Oklo.

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Thu, 30 Mar 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/175648/oklo-resources-initial-assays-bode-well-for-seko-gold-discovery-175648.html