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Oklo Resources Ltd's new drilling targets open pit potential at Diabarou

Oklo continues to advance exploration across several projects in Mali concurrently, and therefore news flow will remain strong in the near-term. The 2016 drilling program is fully funded.
Oklo Resources Ltd's new drilling targets open pit potential at Diabarou

Oklo Resources Ltd (ASX:OKU) continues its aggressive exploration approach across several highly prospective gold projects in Mali.

The company has now commented follow-up diamond and reverse circulation drilling at the Diabarou prospect, within the Dandoko Project.

Drilling will assess the open pit resource potential in proximity to the recent high-grade gold intersections such as: 6 metres at 53.77g/t gold from 36 metres; 3 metres at 110.30g/t gold from 120 metres; and 28 metres at 3.90g/t gold from 88 metres.

The program will cover 11,000 metres.

Oklo has also added to the skills of the team, engaging Simon Dorling of CSA Global, a Structural geology specialist.

Dorling previously worked closely with Oklo’s Technical Consultant, Andrew Boyd, in developing the structural and geological model at the nearby 5.15 million ounce Fekola gold project.


Yanfolila project


Moving to the Yanfolila project, Oklo has received assays from an initial five hole reverse circulation drilling program for 760 metres.

Drilling tested the Solona North-West prospect where previous first pass, shallow air-core drilling completed by the company in 2015 intersected significant bedrock gold mineralisation.

This included: 6 metres at 5.29g/t gold; 3 metres at 1.23g/t gold; along with wider zones such as 21 metres at 0.57g/t gold.

The latest drilling returned similar results, with the highlight: 4 metres at 2.75g/t gold from 28 metres.

The program was successful in confirming the presence of bedrock gold mineralisation associated with the extensive quartz veining and has provided encouragement for follow-up drilling at some stage to test the along strike and depth potential of this prospect.

Yanfolila is located 45 kilometres north of Avnel Gold’s Kalana gold mine hosting 2.15 million ounces, and 35 kilometres east of Hummingbird Resources’ Komana gold project with 1.8 million ounces.


Analysis


Oklo continues to advance exploration across several projects in Mali concurrently, and therefore news flow will remain strong in the near-term.

Following a $10 million oversubscribed placement, the 2016 drilling program is fully funded.

The Bank of Nova Scotia recently became a substantial shareholder.

 

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