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Oklo Resources (ASX:OKU) - Managing Director & CEO, Simon Taylor - The Market Herald
Managing Director & CEO, Simon Taylor
Source: Proactive Investors
  • Oklo Resources (OKU) is nearing completion of the resource definition drilling program at its Seko prospect in west Mali, Africa
  • The aim of this program is to close off previously identified gold mineralisation zones and neighbouring areas before a maiden mineral resource estimate
  • Oklo remains on track to present this estimate in the second half of the year
  • Results so far have peaked at 30.96 grammes per tonne gold
  • Oklo has ended the day 3.28 per cent in the red with shares trading for 29.5 cents each

Oklo Resources (OKU) is nearing completion of the resource definition drilling program at its Seko prospect.

Seko is situated in the company's flagship Dandoko Project which is located within the Kenieba Inlier of west Mali, Africa.

The aim of this program is to close off previously identified gold mineralisation zones and neighbouring areas before a maiden mineral resource estimate (MRE).

An additional 19 reverse circulation (RC) and 13 diamond holes have now been drilled at the SK1 North discovery.

Significant results include 32 metres at 10.57g/t gold including 10 metres at 30.96g/t gold, and six metres at 7.49g/t gold including one metre at 28.60g/t gold.

Two PQ diameter and diamond holes are currently in progress to undertake a follow-up metallurgical testwork program on SK1 North oxide mineralisation.

Additionally, Oklo remains on-track to present its maiden mineral resource during the second half of the year.

"We are pleased to report that the resource definition drilling program at Seko, which culminated in the outstanding SK1 North discovery is nearing completion," Managing Director Simon Taylor commented.

"The drilling completed to date continues to reinforce our geological model and we remain hopeful of outlining further shallow oxide mineralisation along the partially tested trend extending south of SK1 North," he added.

COVID-19 update

With the lifting of COVID-19 restrictions in Mali, some staff are back onsite and contractor rotations are resuming.

However, border closures are continuing to restrict movements with some international staff and contractors.

Fortunately, no staff have been diagnosed with COVID-19 and there have been minimal disruptions to work.

Despite this, Oklo will continue to monitor staff closely and is continuing with measures implemented at the height of the pandemic. These measures include temperature checks, social distancing, and the minimisation of staff in office.

Oklo has ended the day 3.28 per cent in the red with shares trading for 29.5 cents each in a $144 million market cap.


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