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Oklo Resources Ltd

Oklo Resources’ drilling reveals high-grade gold and a new mineralised zone in Mali

The project is 30 kilometres east of B2Gold’s 5.15 million gold ounces Fekola mine.

drill rig
Oklo’s drilling will recommence after the wet season

Oklo Resources Ltd (ASX:OKU) has received significant high-grade gold results from its phase II drill program within the Dandoko Project in Mali.

Exceptional high-grade gold results from diamond drilling (DD) at Seko Anomaly SK2, include:
• 7 metres at 16.24 g/t gold from surface; including 2 metres at 46.75 g/t gold from 4 metres; and
• 40 metres at 10.66 g/t gold from 25 metres; including 10 metres at 23.82 g/t gold from 25 metres.

READ: Oklo Resources drill results show potential of Seko’s SK3 target

Notably, aircore (AC) drilling 400 metres to the north of SK2 has identified a new mineralised zone with results including:

• 11 metres at 1.79 g/t gold from 31 metres with the hole ending in mineralisation; including 2 metres at 5.01 g/t gold from 40 metres.

The company’s Dandoko, Moussala, Kouroufing and Kandiole Projects are located in Western Mali, 30 kilometres to the east of B2Gold’s (TSE:BTO) 5.15 million gold ounces (Moz) Fekola mine and 50 kilometres to the southeast of Randgold’s (LON:RRS) 12.5 Moz Loulo mine.

The DD drilling at Seko is part of a metallurgical program to be incorporated in future scoping studies undertaken by Oklo.

 

The company’s phase II drill program was completed with the onset of the wet season in mid-July, with assay results still pending from:
- 4 reverse circulation holes testing the Sory prospect 1.5 kilometres south of Seko;
- 149 reconnaissance AC holes testing Dabia and Sory;
- 690 shallow auger holes testing the Kouroufing Project located 20 kilometres southeast of Dandoko.

Oklo’s drilling will recommence after the wet season with planning underway and programs to be finalised upon receipt of all pending assays.

Quick facts: Oklo Resources Ltd

Price: $0.14

Market: ASX
Market Cap: $49.68 m
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Oklo Resources has 'pipeline of projects' and 'soon to have 7 drill rigs going'

Oklo Resources Ltd (ASX:OKU) managing director and chief executive Simon Taylor tells Proactive Investors that the Mali-focused gold explorer and developer will have 7 rigs spinning on two of its projects by next week. Plenty of news flow is expected in the short term on the Dandoko...

on 12/3/19

2 min read