The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Okapi Resources (OKR) kicks off next round of drilling at its Enmore gold project in New South Wales
  • The 11-hole campaign will follow up previous reverse circulation drilling completed in September 2021 at the Sunnyside prospect
  • The work will also test beneath old workings at the Sherwood prospect to follow up on historical gold grades
  • Okapi says it expects this round of work to take between two to three months to complete
  • Company shares last traded at 19 cents on June 24

Okapi Resources (OKR) has kicked off diamond drilling at its Enmore gold project in New South Wales.

As detailed earlier this month, the 11-hole campaign has been designed to primarily follow up previous reverse circulation drilling, which was completed in September 2021 at the Sunnyside prospect.

Results from he previous work included a 174 metre interval grading 1.8 grams of gold per tonne (g/t), with a final three metre interval assaying 8.8 g/t gold and including one metre at 15 g/t gold.

OKR has delineated gold mineralisation over 400 metres of strike at Sunnyside and said its primary target remains open at depth.

Diamond drilling will also be completed across the Sherwood prospect to test beneath old workings and follow up historical gold grades.

Okapi expects this round of work to take between two to three months to complete.

Company shares last traded at 19 cents on June 24.

OKR by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX flatlines as Financials flourish and Utilities flounder

The ASX200 closed trading relatively flat. The financials sector gained the most, up 0.35 of a…

Aus inflation read of 3.6% spooks ASX – before quickly returning to green

Australian inflation has come in mixed with an increase of 1% in the March quarter, but…