logo-loader
Oklo Resources Ltd

Oklo Resources’ drilling continues to intersect shallow gold at Kouroufing corridor

Oklo’s $5 million drilling program at its Kouroufing and Dandoko Gold Projects in Mali is progressing as planned.

drilling
Best results include 2 metres at 77.40 g/t gold from 26 metres

Oklo Resources Ltd (ASX:OKU) has received further encouraging results from drilling at the Kouroufing Project, 20 kilometres southeast of its flagship Dandoko Project in west Mali.

The results form part of Oklo’s $5 million drilling program, with significant progress already made at both Kouroufing and Dandoko Gold Projects.

Oklo’s gold projects in west Mali

Kouroufing North

Oklo has received first assay results from wide-spaced shallow aircore (AC) holes drilled along five traverses testing 1.7 kilometres over the northern portion of the 6-kilometre-long gold corridor.

Importantly, results confirm the potential for further bedrock gold discoveries with numerous +1g/t gold intersections and wide zones of anomalous gold mineralisation encountered.

READ: Oklo Resources intersects wide zones of shallow gold in Kouroufing drilling

Best results include:
• 6 metres at 29.41 g/t gold from 26 metres including 2 metres at 77.40 g/t gold from 26 metres; and
• 8 metres at 1.90 g/t gold from 18 metres; including 2 metres at 6.64 g/t gold from 18 metres.

Kouroufing South

Oklo recently completed an induced polarisation geophysical survey over the Kouroufing Gold Corridor.

Results from the ground survey have outlined a series of strong resistivity and chargeability anomalies coincident with the significant AC gold intersections.

The resistivity and chargeability anomalies may represent both alteration (silica) and sulphides and will be further tested with AC and diamond drilling.

Drilling progress and next steps

At Kouroufing, five auger drill rigs continue to test the northern and southern extensions to the 6 kilometre gold corridor, including potential extensions north into Oklo’s Kossaya Project.

Line clearing is underway to allow access for a multipurpose rig to commence follow up AC, reverse circulation (RC) and diamond drilling.

READ: Oklo Resources ramps up $5 million gold drilling program in Mali

At Dandoko, all assay results are pending from the recently completed three deep diamond holes (for 942 metres) at Seko and single RC hole (for 180 metres) at Dabia under a recently developed artisanal working.

Further RC and diamond holes are planned at Seko 2 and 3 upon return of the multipurpose drill rig to site.

Quick facts: Oklo Resources Ltd

Price: $0.12

Market: ASX
Market Cap: $42.58 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Oklo Resources Ltd named herein, including the promotion by the Company of Oklo Resources Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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