Proactive Investors - Run By Investors For Investors

Oklo Resources targets gold extensions and anomalies in drilling at Mali projects

Drilling will follow-up on high-grade gold results received during the previous field season.
Map of Mali
Drilling will build on the results of last season

Oklo Resources Ltd (ASX:OKU) has the drills spinning in a $5 million program for the new field season at its Dandoko and Kouroufing gold projects in west Mali.

Auger drills have started work at Kouroufing and a third aircore (AC) rig is expected on site later this month.

Reverse circulation (RC) and diamond drilling at Dandoko will begin in December.

READ: Oklo Resources to start gold drilling program in Mali later this month

The approved program for the 2019 field season comprises 35,000 metres of AC, RC and diamond drilling and about 25,000 metres of low-cost shallow auger drilling.

RC and diamond drilling will continue to test for strike and depth extensions to known mineralisation at the Seko gold discovery, including over 3,000 metres of diamond drilling.

The Sory and Dabia discoveries will be tested with RC and AC drilling while first-pass AC drilling will target other anomalies previously outlined by reconnaissance auger drilling along the under-explored 12-kilometre Dandoko gold corridor.

 

READ: Oklo Resources grows gold discovery potential in Mali with Kouroufing Project acquisition

Oklo has also allocated a further 25,000 metres of regional auger drilling after low-cost reconnaissance auger drilling successfully outlined both the Dandoko and Kourofing gold corridors.

Auger drilling will test for extensions to the 6-kilometre corridor at Kouroufing, which remains open to the north and south and may include potential extensions into Oklo’s adjoining Kossaya project.

Dandoko and Kouroufing are within the Kenieba inlier of western Mali, about 30 kilometres east of B2Gold’s (TSE:BTO) 7.1-million-ounce Fekola project and 50 kilometres south-southeast of Randgold Resources Ltd’s (LON:RSS) 12.5-million-ounce Loulo mine.

Oklo holds about 500 square kilometres of highly prospective ground in this emerging gold region.

View full OKU profile View Profile

Oklo Resources Ltd Timeline

Related Articles

1550831985_lithium-100118-2.jpg
February 22 2019
The rate of progress on the Bougouni project has been very encouraging
Manganese
March 07 2019
The manganese focused company’s $5 million capital raising will close on March 22.
Pozzolan
January 21 2019
Analysts at SVS said they think Sunrise offers “a clearly defined strategy focused on generating near-term cash flow together with value-enhancing minerals discoveries”

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use