Join our daily newsletter At The Bell to receive exclusive market insights
- Okapi Resources (OKR) has been granted a highly prospective gold tenement, E63/2039, at the Maggies Hays Hill project in WA
- Maggie Hays is a joint venture project with Lithium Australia (LIT), however, Okapi will own 100 per cent of the new tenement
- The tenement contains the historical Maggie Hays Hill gold workings, with historical rock chips results up to 10.7g/t gold
- Gold potential in the area remains untested, as the previous drilling has been on historic workings only
- On market close for the day, Okapi remains in the grey and trading at 22 cents per share
Okapi Resources (OKR) has been granted a highly prospective gold tenement, E63/2039, at the Maggies Hays Hill project in WA.
Maggie Hays is a joint venture project with Lithium Australia (LIT), however, Okapi will own 100 per cent of the new tenement.
The tenement contains the historical Maggie Hays Hill gold workings, with historical rock chips results up to 10.7g/t of gold. These workings include two lines of trending historical gold pits and shafts.
Notably, the best historical intercept is 2 metres at 11.04 grams per tonne of gold.
Gold potential at E63/2039 remains untested with the previous drilling centres on historic workings only.
Okapi is planning a detailed geological mapping and infill soil program over the main target area of the tenement, which is expected to commence very soon.
This fieldwork will be help with future drilling programs.
On market close for the day, Okapi remains in the grey and trading at 22 cents per share.
