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Oklo Resources drills 65 metres at 7.11 g/t gold at Seko, shares jump

Drilling is working towards estimating a maiden JORC resource scheduled for completion in the June quarter of 2020.

Oklo Resources Ltd - Oklo Resources drills 65 metres at 7.11 g/t gold at Seko
Assay results pending from a further 36 holes with a deeper underway

Oklo Resources Ltd (ASX:OKU) has been up to 30% higher today after receiving broad, high-grade gold results from Seko Prospect within the Dandoko Project in Mali, including up to 65 metres at 7.11 g/t from just 4 metres. 

The company has received further assay results from 12 RC holes as part of the ongoing 10,000-metre drilling program at Seko.

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

Today’s assay results are from infill drilling at SK2 and confirm the presence of a thick, coherent zone of high-grade gold mineralisation.

Shares increase

Shares have been up as much as 30% to an intra-day high of 17 cents.

As well as the 65-metre intersection, other highlights are 53 metres at 4.34 g/t gold from 95 metres, 56 metres at 2.28 g/t gold from 24 metres and 8 metres at 10.56 g/t gold from 2 metres.

Within the 65 metres from 4 metres were 9 metres at 16.76 g/t from 13 metres and 16 metres at 12.45 g/t from 29 metres, which also included 4 metres at 28.07 g/t from 40 metres.

Results were also received from five RC holes drilled at SK2 North, which highlight the potential to extend the SK2 trend to the north with follow-up drilling.

Results beyond expectations

Oklo’s managing director Simon Taylor said: “The Seko gold trends are consistently delivering results beyond expectation and our understanding of the extensive gold system and confidence in unveiling further discoveries is growing by the day.

“We look forward to reporting the balance of assay results from the shallow drilling program while our deeper drilling phase advances.”

Deeper drilling now underway

Oklo’s general manager of exploration Andrew Boyd added: “These new results from the infill drilling at SK2 have confirmed the presence of a coherent zone of high-grade gold mineralisation.

“The deeper RC and diamond drilling program is now underway and on the back of recent outstanding results from the far northern end of SK1, including 47 metres at 10.95 g/t gold the program has been increased to further test this zone, where we are optimistic of outlining a new high-grade shoot.”

These previously released results from the northern end of SK1 has resulted in the board approving a program of follow-up drilling to test this emerging zone of high-grade mineralisation.

An additional 27 holes, comprising 26 RC holes and one diamond drill hole, are planned with the diamond hole now underway.

Quick facts: Oklo Resources Ltd

Price: 0.28 AUD

Market: ASX
Market Cap: $141 m

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