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Oklo Resources confirms resource growth potential south of Seko

Oklo’s initial 14,000-metre resource growth program at the Dankoko project is now complete, with further assays pending.

Oklo Resources Ltd - Oklo Resources confirms resource growth potential south of Seko
Scoping and environmental studies are now in progress at Seko.

Oklo Resources Ltd (ASX:OKU) has revealed further encouraging assay results from its priority growth targets, south of the Seko mineral resource within Oklo’s flagship Dandoko Project in Mali.

The company’s step-out drilling program extends the SK1 - Koko mineralised trend to 3.4 kilometres, with significant intervals of near-surface gold mineralisation intersected south of Koko including:

  • 18 metres at 2.05 g/t gold from 9 metres, including, 3 metres at 11 g/t;
  • 12 metres at 2.33 g/t from 48 metres with the hole ending in mineralisation, including, 3 metres at 5.13 g/t; and
  • 12 metres at 1.40 g/t gold from 9 metres, including, 6 metres at 2.37 g/t gold from 12 metres.

Oklo’s initial 14,000-metre resource growth program at the Dankoko project is now complete, with further assays pending.

“Targeting potential high-grade feeder mineralisation”

Oklo managing director Simon Taylor said: “We are pleased to report further highly encouraging drilling results, which continue to confirm the resource growth potential of Seko.

“The latest results extend the SK1 – Koko zone a further 500 metres to the south, to an overall length of 3.4 kilometres.

“Our key mission since announcing the MRE in March is to grow the resource and these results have confirmed potential to achieve this.

“With the first phase of our resource growth initiative successfully completed, including an additional 2,000 metres at the new Sari discovery with further assay results pending, we are now busy planning the next phase of drilling.

“We have retained the current drill rig which is scheduled to resume work in September immediately following the wet season.

“In the meantime, we are completing a 3D induced polarisation (IP) survey and passive seismic survey to assist in targeting potential high-grade feeder mineralisation in fresh rock below the extensive oxide mineralisation at Seko.”

Resource growth initiative

Oklo’s Dandoko Project is situated within the Kenieba Inlier of west Mali, about 30 kilometres east of B2Gold Corp’s 7.1-million-ounce Fekola Project and 50 kilometres south-southeast of Barrick Gold Corp’s 18-million-ounce Loulo/ Gounkoto complex projects.

The company’s first phase of its resource growth initiative included 14,000 metres of drilling targeting extensions along strike and at depth of Seko.

Oklo is also testing several geochemical and IP geophysical targets along the 15 kilometres Dandoko gold corridor and within the adjoining projects.

Drilling results

Oklo’s follow up drilling a further 750 metres south of Koko south drill hole ACKK21-1020 returned 3 metres at 5.45g/t gold from 6 metres.

First pass drilling testing a target 1 kilometre south of Disse returned anomalous gold in shallow holes including zones up to 3 metres at 1.33g/t gold from 12 metres.

Further encouraging results were also returned from Selingouma, 8 kilometres south of Seko, including:

  • 12 metres at 2.41 g/t gold, including 3 metres at 6.39 g/t;
  • 3 metres at 4.61 g/t gold from 12 metres; and
  • 9 metres at 1.05 g/t gold from 60 metres.

Planning for the next phase of drilling underway

Oklo has paused drilling for the wet season, with the existing drill contracts extended for the recommencement of drilling in September.

In addition, scoping and environmental studies are now in progress with the compilation of all outstanding assay results and planning for the next phase of drilling underway.

Furthermore, 3D IP geophysical surveying continues over the Seko SK1 and SK2 deposits, while a passive seismic survey, covering 30 square kilometres over the Seko resources and immediate extensions to the north and south, is also ongoing.

- Ephrems Joseph

Quick facts: Oklo Resources Ltd


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