viewOklo Resources Ltd

Oklo Resources continues resource drilling to extend flagship Dandoko Project

The current field program is focused on infill drilling in advance of the company’s maiden JORC resource estimate.

Oklo Resources Ltd - Oklo Resources continues resource drilling to extend flagship Dandoko Project
The Dandoko Gold Project located east of the prolific Senegal-Mali Shear Zone

Oklo Resources Ltd (ASX:OKU) has reported final assay results from the deeper resource definition drilling program over SK2 and SK3 at Seko within its flagship Dandoko Project in Mali, West Africa.

The remaining 10 reverse circulation and 8 diamond drill holes have identified further wide zones of moderate to high-grade gold mineralisation returned from the infill and extensional holes.

Notable results include

  • 36 metres at 3.20 g/t gold from 124 metres including 13 metres at 7.32 g/t from 147 metres,
  • 43 metres at 2.77 g/t from 174 metres including 20 metres at 4.25 g/t from 174 metres,
  • 27 metres at 3.95 g/t from 110 metres including 3 metres at 28.73 g/t from 112 metres,
  • 51 metres at 1.51 g/t from 81 metres including 25 metres at 2.25 g/t from 84 metres,
  • 17 metres at 3.09 g/t from 157 metres including 6 metres at 5.44 g/t from 168 metres,
  • 37 metres at 2.66 g/t from 198 metres including 8 metres at 5.30 g/t from 203 metres,
  • 36 metres at 2.14 g/t from 46 metres including 10 metres at 3.75 g/t from 61 metres, and
  • 17 metres at 2.52 g/t from 144 metres including 4 metres at 6.38 g/t from 145 metres.

Oklo managing director Simon Taylor said: “With the final results from the deep resource definition drilling at SK2 and SK3 either in line or better than expected, all eyes are now on the next batch of assay results from SK1 North.

“We look forward to providing our next progress report on this exciting discovery in the near future.”

SK1 North growing

Oklo continues to grow the SK1 anomaly at Seko deposit with the latest results returning up to 34 metres at 4.07 g/t gold from 83 metres.

The expanded drilling program is to accelerate the evaluation of the discovery for incorporation into the maiden Mineral Resource estimate scheduled for quarter two 2020.

Coronavirus update

Field activities remain unaffected and drilling continues at Dandoko under the supervision of the Malian technical team.

Enhanced health monitoring and sanitary procedures have been implemented, based on the company’s existing Ebola protocols and all expatriate employees departed Mali prior to the closing of borders and are currently working from home at their respective domiciles.

At this stage, fieldwork is expected to continue as planned and Oklo’s management continues to actively monitor developments and will provide further updates should the situation change.

Quick facts: Oklo Resources Ltd

Price: 0.275 AUD

Market: ASX
Market Cap: $129.89 m

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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

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