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Oklo Resources drills out more evidence for gold system at Seko

Published: 12:00 06 Apr 2017 AEST

OKU_Hero_7_RC-Drilling
Pending assays are expected over the coming two weeks

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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