The acquisition is central to the company’s broader strategy to acquire a significant landholding within the Birimian gold belt in western Mali.
Oklo has already returned outstanding results from initial shallow geochemical auger drilling at the Kouroufing Project.
The best composite intersections include 8 metres at 14.35 g/t gold from 5 metres, 5 metres at 2.18 g/t gold from 7 metres and 15 metres at 1.25 g/t gold from surface.
Initial results at Kouroufing demonstrate the potential for further discoveries, with multiple walk-up drill targets identified and to date, only 25% of the tenement tested by auger drilling.
Kouroufing Gold Project, location of auger drill holes and max gold in hole values and contours
Oklo managing director Simon Taylor said: “The company was thrilled to uncover a 6 kilometres long gold corridor at Kouroufing as the project adds significant value to our portfolio and demonstrates the potential for further discoveries.
“A $5 million drilling program is planned to commence in November focusing on our flagship Dandoko Project with a small portion of the budget allocated to some of the regional targets including Kouroufing, we are hopeful that the upcoming field season will continue to deliver excellent results.”
Oklo currently holds about 500 square kilometres of highly prospective ground in the Birimian gold belt with the Kouroufing project located only 20 kilometres southeast of its flagship Dandoko Project.
The Kouroufing Project covers an area of 90.7 square kilometres within the Kenieba Inlier to the east of the regionally significant Senegal Mali Shear Zone (SMSZ).
The SMSZ and associated northeast-trending splay structures are spatially related to several major gold projects including Fekola - 5.2 million ounces (Moz) gold, Loulo - 12.5 Moz gold, Gounkoto - 5.4 Moz gold, Yatela - 3 Moz gold, Sadiola - 15 Moz gold and Sabodala - 10 Moz gold.