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Oklo Resources (ASX:OKU) - Managing Director, Simon Taylor
Managing Director, Simon Taylor
Source: 121 Mining Investment Events
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  • Gold explorer Oklo Resources (OKU) has reported more encouraging results from drilling at its Dandoko Project in Mali, West Africa
  • Today, the company reported results from the SK1 North and South zones of the Seko prospect and results from the Koko prospect
  • The results extend the SK1 trend by three kilometres, according to the company
  • Oklo plans to keep drilling in the area until the wet season, which typically begins in July
  • The company plans to finalise a Mineral Resource Estimate at the project in the second half of the year
  • Shares in Oklo are trading 1.75 per cent higher today, currently worth 29 cents each

Gold explorer Oklo Resources (OKU) has reported some more encouraging results from resource definition drilling at its Dandoko Project in Mali.

The company told shareholders today it has received assay results from 17 reverse circulation (RC) drill holes and seven diamond drill holes at the West African project.

Oklo has been drilling along the SK1 North and SK1 South zones of the Seko prospect.

SK1 North

SK1 is where the majority of the new results are from, with Oklo reporting results from 11 RC holes and all seven diamond holes from this prospect.

From SK1 North, Oklo said further wide zones of gold mineralisation were revealed from step-out drilling at depth and along strike.

Among the significant results is a 33-metre intersection grading 2.95 grams per tonne of gold from 115 metres, which includes a 20-metre intersection grading 4.17 grams per tonne of gold from 128 metres.

Today’s results extend the high-grade gold mineralisation at the prospect at depth. Moreover, Oklo said based on all results at the prospect so far, SK1 North remains open at depth. The company is continuing drilling both down-dip and along strike to the north.

SK1 South

Results from six RC holes at SK1 South were revealed today, with all six successfully striking gold.

The best results from SK1 South include a six-metre intersection grading 7.27 grams per tonne of gold from 25 metres, which includes a two-metre zone grading a whopping 19.35 grams per tonne of gold.

Koko

Released along with the SK1 results today are assays from four RC holes at the Koko prospect, which is roughly two kilometres south of Seko.

One hole returned an intersection of 28 metres grading 1.14 grams per tonne of gold from three metres.

The overall results from Koko, however, have the potential to extend the SK1 trend up to three kilometres in length, according to Oklo.

Looking ahead

Oklo said it plans to keep its current drilling season running until the start of the wet season in July, with more RC and diamond drilling assay results expected in coming weeks.

Oklo Managing Director Simon Taylor said today’s new results highlight the potential for further shoot development along the three-kilometre trend from SK1 North to Koko.

“We are becoming increasingly confident that the drilling planned along the SK1 trend in the lead up to the wet season will deliver further open-pittable oxide mineralisation to Oklo’s maiden Mineral Resource Estimate, expected to be finalised during 2H 2020,” Simon said.

Shares in Oklo are trading 1.75 per cent higher today, currently worth 29 cents each at 3:51 pm AEST.

OKU by the numbers
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