Oklo Resources Ltd’s (ASX:OKU) (FRA:JYA) shallow reconnaissance aircore (AC) drilling of regional targets has identified two further growth opportunities in close proximity to Seko, within its flagship Dandoko Gold Project in west Mali.
The results received to date have confirmed broad zones of gold mineralisation at the Selingouma North and Koko areas for follow-up testing.
Shares are up more than 8% to A$0.185 while the company's market cap is approximately A$85.7 million.
Potential for growth opportunities
Oklo Resources managing director Simon Taylor said: “The latest results from shallow reconnaissance AC drilling on targets along the 15 kilometres Dandoko gold corridor continue to confirm the potential for further growth opportunities in close proximity to Seko.
“These new results complement our pipeline of maturing satellite opportunities, which will be further assessed in the near-term as part of our resource expansion drilling program.”
Reconnaissance drill results
The assay results reported are from 154 reconnaissance AC holes to an average depth of 52 metres.
Noteworthy intersections include:
➢Selingouma North – 8 kilometres south of Seko
- 12 metres at 2.41 g/t from surface, including 3 metres at 6.39 g/t from 6 metres and 9 metres at 0.41 g/t from 39 metres, with the hole ending in mineralisation and 3 metres at 1.09 g/t from 21 metres on the same drill traverse; and
- 12 metres at 1.00 g/t from 30 metres on the next traverse drilled 200 metres to the south.
➢Koko East – 3 kilometres southeast of Seko
- 6 metres at 1.23 g/t from 18 metres, 4 metres at 1.21 g/t from 76 metres, including 1-metre at 3.41 g/t.
➢Koko North East and South – 2-2.5 kilometres south of Seko
- 3 metres at 1.04 g/t from 24 metres, 15 metres at 0.53 g/t from 33 metres, 6 metres at 0.55 g/t from 39 metres and 6 metres at 0.51 g/t from 63 metres.
Ongoing work program
The resource definition drilling program at Seko has been completed with all remaining samples dispatched to the laboratory for analysis.