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Oklo Resources hits 47 metres at 10.97 g/t gold at Dandoko in West Mali


The aircore (AC) component of the drilling program targeting oxide mineralisation is now completed, with a second drill rig expected on site in late November to begin deeper reverse circulation (RC) and diamond drilling (DD) in advance of a maiden Mineral Resource estimate.

Oklo Resources Ltd - Oklo Resources hits 47 metres at 10.97 g/t gold at Dandoko in West Mali

Quick facts: Oklo Resources Ltd

Price: 0.29 AUD

Market: ASX
Market Cap: $146.03 m

Oklo Resources Ltd (ASX:OKU) has made an ‘outstanding’ start on its 10,000-metre resource definition drilling program at the Seko prospect with a new high-grade intersection of 47 metres at 10.97 g/t gold.

The drilling program undertaken at the Dandoko Project in West Mali comprises air-core (AC), reverse circulation (RC) and diamond drilling, which is designed to result in a maiden resource estimate scheduled for completion early in Q2 2020.

At Dandoko, extensive gold anomalies have previously been outlined by auger drilling along a 12km-long gold corridor.

The potential of this corridor to host large, gold mineralised systems has been demonstrated by the recent drilling success at Seko and several other nearby prospect areas.

Managing director Simon Taylor said: “Our 2019-20 field season is off to an excellent start with the first batch of assay results providing strong indications for a new high-grade shoot developing within the lightly drill tested northern end of SK1.

“The resource definition drilling program is progressing well with the shallow AC component now completed and the deeper RC and diamond drilling phase expected to commence in late November.

“We look forward to reporting the remaining AC assay results and commencing the deeper drilling on what is shaping up to be an exciting period for the company in advance of its maiden mineral resource estimate.”

Seko drilling

Seko comprises five coherent auger gold trends (SK1-5) with a combined strike length of about 7 kilometres.

The current program is focusing on infill drilling and closing off areas of near-surface mineralisation at Seko anomalies SK1-5 and surrounding areas in advance of a maiden Mineral Resource estimate.

The initial phase of AC drilling is now completed (53 holes for 4,541 metres) testing the gold mineralisation to depths averaging 85m and up to 182m.

A second rig capable of deeper RC and DD drilling is expected on-site by the end of November.

Further laboratory work on larger volume gold samples is also being undertaken to assess for coarse or nuggety gold.

Assay results are expected in coming weeks from the remaining 48 of the 53 AC holes drilled at SK1-5. 

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