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.
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.
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.