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Oklo Resources CEO demonstrates faith in gold strategy with on-market purchase

The company’s focus is on its west Mali landholding, particularly the flagship Dandoko Project east of the prolific Senegal-Mali Shear Zone and close to numerous world-class gold operations.

Oklo Resources Ltd - Oklo Resources CEO demonstrates faith in the company’s gold strategy with purchase of shares in on-market transaction
Field crews are expected to return in late September following the end of the wet season

Oklo Resources Ltd (ASX:OKU) managing director and CEO Simon Taylor has demonstrated his faith in the company’s gold strategy with the purchase of shares in an on-market transaction.

On September 9 and 10, Taylor acquired 400,000 shares worth more than $103,000 in an indirect interest, increasing the total number of securities held in two indirect interests to 5.86 million shares.

Shares in the West African gold explorer have been as much as 9% higher to 30.5 cents intra-day.

Deep gold in emerging new zone

The company recently intersected deep gold mineralisation in an emerging new zone at SK1 North within the flagship Dandoko Gold Project in west Mali.

Results have been received from 12 reverse circulation and nine diamond drilling holes at Seko covering the 1-kilometre-long trend hosting SK1 North, South and Central.

Highlights in two deep diamond holes at SK1 North were 23 metres at 2.57 g/t gold from 219 metres, including 6 metres at 5 g/t from 233 metres; and 50 metres at 1.43 g/t from 200 metres, including 21 metres at 2.20 g/t from 229 metres.

Quick facts: Oklo Resources Ltd

Price: 0.225 AUD

Market: ASX
Market Cap: $113.41 m

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on 28/10/20

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