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- Oklo Resources (OKU) has reported further encouraging results from drilling at the Seko SK1 North prospect within its Dandoko Project
- Dandoko is located in west Mali and is in close proximity to world-class gold deposits
- These results have extended high-grade gold mineralisation and confirms it remains open down dip and along strike
- Results are still expected from deeper resource definition drilling at SK2 and SK3
- All assays will be compiled into the maiden Mineral Resource estimate which is scheduled to be complete next quarter
- Oklo Resources is down 4.35 per cent, with shares trading for 22 cents each
Oklo Resources (OKU) has reported further positive assay results from the drilling program completed at SK1 North at Seko within its Dandoko Project.
Dandoko is located in west Mali, Africa. It is situated approximately 30 kilometres east of B2Gold’s 7.1 million ounce Fekola Project and 50 kilometres south-southeast of Barrick Gold’s 12.5 million ounce Loulo Project.
The company completed an extensive resource definition drilling program ahead of the maiden Mineral Resource estimate scheduled to be completed in quarter 2.
This expanded drilling of roughly 3000 metres aimed to build on previous drilling which returned outstanding assay results along the 12 kilometre-long Dandoko gold corridor.
Previous results announced on February 5 returned significant intersections of 30 metres at 8.54g/t gold from 135 metres including; 7 metres at 30.69g/t gold from 142 metres, 13 metres at 15.80g/t gold from 91 metres including; 4 metres at 46.65g/t gold from 92 metres.
Oklo’s current program is focusing on infill drilling and closing off areas of near surface mineralisation at Seko and surrounding areas.
The latest assays are for 21 reverse circulation (RC) and two diamond holes.
These significant intersections include: 34 metres at 4.07g/t gold from 83 metres including; 11 metres at 6.16g/t gold from 99 metres, 11 metres at 8.55g/t gold from 14 metres including; 3 metres at 27.62g/t gold from 18 metres, 7 metres at 13.11 g/t gold from 21 metres including; 1 metre at 65.40g/t gold from 26 metres.
Latest drilling has confirmed significant gold mineralisation remains open down dip and along strike.
“With this new zone remaining open at depth and along strike, we are accelerating the rate of drilling to ensure as much of this mineralisation reports to our maiden
resource estimate as possible,” Managing Director Simon Taylor said.
With all holes resulting in mineralisation, further deep drilling is required to evaluate the northern strike extent of this zone which remains open to the northeast.
A second drill rig has now arrived at site to accelerate the evaluation of SK1 North for this data to be included in the maiden Mineral Resource estimate.
Results are expected shortly from the deeper RC and diamond resource definition drilling at SK2 and SK3 (18 holes for 3365 metres) and from the reconnaissance air core drilling that is currently in progress.
Oklo Resources is down 4.35 per cent, with shares trading for 22 cents each at market close.
