logo-loader
viewOklo Resources Ltd

Oklo Resources reveals shallow, high-grade gold drilling results from Kouroufing South

Kouroufing is the second greenfields discovery by Oklo in the past 24 months, significantly bolstering the company’s exploration pipeline.

drilling
Oklo’s $5 million 2019 exploration program is continuing

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

The program of infill and step-out aircore (AC) drilling was recently completed over the southern portion of the 6 kilometre-long auger gold corridor.

Significant shallow gold intersections include:

• 16 metres at 11.07 g/t gold from 4 metres; including 4 metres at 42.2g/t gold from 12 metres (2 metres at 29.9 g/t gold and 2 metres at 54.5 g/t gold);
• 2 metres at 12.6 g/t gold from 18 metres; and
• 20 metres at 1.26 g/t gold from 2 metres; including 2 metres at 7.61 g/t gold from 18 metres.

Oklo’s Gold Projects in west Mali

The AC drilling forms part of Oklo’s $5 million 2019 exploration program, with significant progress already made at both the Kouroufing and Dandoko Gold Projects.

Oklo managing director Simon Taylor said: “We are particularly impressed by these AC results from Kouroufing South both in terms of width and grade, which have the hallmark of a new and significant zone of bedrock gold mineralisation emerging.

READ: Oklo Resources delivering results from gold assets with $5 million drill campaign

“Oklo’s technical team is now integrating all the drill results with the IP geophysical data to assist in the understanding of the structural controls to this greenfields discovery.

“In the meantime, we continue our aggressive campaign of drilling underway on a range of targets along the Dandoko gold corridor which we hope will deliver a steady flow of positive news while planning advances on the next phase of drilling at Kouroufing.”

Ongoing work programs:

Kouroufing Project

The planned auger drilling for the 2019 field season exploring for extensions to the 6-kilometre gold corridor has been completed (total of 1,558 holes for 22,650 metres) with assays pending. Field mapping is ongoing.

Dandoko Project

Drilling has recommenced at Dandoko with over 16,000 metres of combined AC and reverse circulation (RC) drilling underway at Seko, Dabia and Sory and other targets along the 12-kilometre gold corridor.

This drilling will include traverses designed to explore for potential gold mineralisation between SK2 and SK3

Kossaya and Sari projects

First pass auger drilling over the Kossaya and Sari Projects has now been completed (total of 925 holes for 12,248 metres) and the four auger rigs demobilised.

Assay results will be progressively released in coherent blocks of data as they become available.

Quick facts: Oklo Resources Ltd

Price: 0.14 AUD

ASX:OKU
Market: ASX
Market Cap: $57.79 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

3 min read