viewOklo Resources Ltd

Oklo Resources resumes gold drilling at Dandoko after wet season in Mali

An aircore rig arrived on-site at Dandoko last week and started drilling on Monday with the initial phase expected to be completed in four weeks.

Oklo Resources Ltd - Oklo Resources begins drilling at Dandoko returning up to 3.99 g/t gold
An aircore drill rig beginning work at Seko prospect within the Dandoko project

Oklo Resources Ltd (ASX:OKU) has resumed drilling following the wet season at Dandoko Gold Project in the Kenieba Inlier of west Mali with a 10,000-metre program scheduled.

The company’s Board has approved the drilling program comprising aircore, reverse circulation (RC) and diamond core drilling at the Seko prospect ahead of a maiden mineral resource estimate scheduled for completion in Q2 2020.

The program will focus on infill drilling as well as closing off areas of near-surface mineralisation at Seko anomalies and surrounding areas to support the resource estimation work.

An aircore rig arrived on site late last week and began drilling on Monday.

This initial phase is expected to be completed in around four weeks and, subject to availability, an RC and DD drilling program will follow immediately thereafter.

Budgets and programs approved

Managing director Simon Taylor said: “The company is pleased to have field crews back working at Dandoko with drilling underway following the recent wet season.

“The board has approved budgets and drilling programs for the 2019-2020 field season with the aim of delivering a mineral resource estimate in conjunction with further metallurgical test work.

“We anticipate receiving first assays in early to mid-November with work fully funded from our cash position of around $9.5 million.”

Metallurgical test work

In parallel with the drilling program, the company is dispatching samples to ALS Metallurgy in Perth, Australia, for further metallurgical test work on representative oxide, transition and fresh ore types.

The previously planned test program was delayed due to damage to a previously drilled PQ diamond hole drilled rendering it unsuitable for test work.

As a result, a second PQ diamond metallurgical hole was drilled at SK2 immediately prior to the wet season targeting a near-surface zone of mineralisation to provide sufficient volumes of material available for test work.

The core was kept in storage over the wet season.

Following the restart of drilling activities and reactivation of the field camp, the core was cut and samples despatched for analysis.

50 metres at 3.99 g/t

The assay results confirmed excellent grade continuity within the oxide and transition zones returning 50 metres at 3.99 g/t gold from surface to the end of hole.

Within this interval, the following high-grade zones were intersected - 12 metres at 7.19 g/t from 38 metres, which included 4 metres at 11.53 g/t from 40 metres.

Further drilling

Upon completion of the resource drilling program at Seko, the company’s focus will return to exploratory drilling along the Dandoko Gold Corridor.

This will include diamond drilling at SK2 testing for high-grade shoot development at depth and drilling in the southern Selingouma area.

Quick facts: Oklo Resources Ltd

Price: 0.23 AUD

Market: ASX
Market Cap: $94.94 m

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