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

Shallow primary gold mineralisation intersected at the Seko prospect.

drill rig at work
The new results include 59 metres at 2 g/t gold

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.

Quick facts: Oklo Resources Ltd

Price: 0.23 AUD

Market: ASX
Market Cap: $94.94 m

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on 12/3/19

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