Join our daily newsletter At The Bell to receive exclusive market insights
- Oklo Resources (OKU) is on the rise today after finding high-grade gold results from the Seko Prospect
- The 10,000-metre drilling program is the predecessor to a maiden mineral resource estimate that is scheduled for completion early in Q2 2020
- Gold grading up to almost 17 grammes per tonne was intersected
- Assay results are currently pending from a further 36 holes with deeper drilling
- Oklo’s share price is currently up a steady 11.5 per cent with shares trading for 14.5 cents apiece
Oklo Resources (OKU) is on the rise today after finding high-grade gold results from the Seko Prospect which lies within the Dandoko Project.
The 10,000-metre drilling program comprised of air-core (AC), reverse circulation (RC) and diamond core drilling.
This program is the predecessor to a maiden mineral resource estimate that is scheduled for completion early in Q2 2020.
The Dandoko Project is located within the Kenieba Inlier of west Mali, approximately 30 kilometres east of B2Gold’s 7.1 million ounces Fekola Project, and 50 kilometres south-southeast of Barrick’s 12.5 million ounces Loulo Project.
Oklo currently holds 500 square metres of highly prospective ground in this emerging world-class gold region.
Extensive gold anomalies have previously been outlined by auger drilling along the 12-kilometre long Dandoko gold corridor.
The potential of this corridor to host large gold mineralised systems has been demonstrated by the recent drilling success at Seko and several other nearby prospect areas.
Seko comprises of five coherent auger gold trends (SK1-5) with a combined strike length of seven kilometres.
Oklo’s current field program is focusing on infill drilling and closing off areas near-surface mineralisation at Seko anomalies 1-5 and surrounding areas in advance of a maiden mineral resource estimate.
The initial phase of AC and RC drilling is now complete, 53 holes for 4541 metres, testing the gold mineralisation to depths averaging 85 metres and going up to 182 metres.
A second rig recently arrived on site and has begun the deeper RC and diamond drilling phase.
Significant intersections include 4 metres at 28.07g/t gold from 40 metres, 2 metres at 16.95g/t gold from 3 metres, and 16 metres at 12.45g/t gold from 29 metres.
“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,” Managing Director Simon Taylor commented.
“We look forward to reporting the balance of assay results from the shallow drilling program while our deeper drilling phase advances,” he added.
Oklo’s share price is currently up a steady 11.5 per cent with shares trading for 14.5 cents apiece at 2:52 pm AEDT.
