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Oklo Resources on the cusp of next major gold discovery in Mali

Oklo is exploring in elephant country in western Mali.
Oklo Resources on the cusp of next major gold discovery in Mali
Oklo drilling in Mali

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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