Join our daily newsletter At The Bell to receive exclusive market insights
- Oklo Resources (OKU) has resumed a drill program at its Dandoko Project in Mali following the conclusion of the local wet season
- An initial 15,000-metre program is anticipated to reach completion by the end of the year, with first assays to be received in November
- The program will target the Seko prospect, with a focus on the three-kilometre-long SK1 North to Koko trend
- Three drill rigs will be used to complete a variety of diamond, reverse circulation and aircore drilling work
- Oklo Resources closed 3.92 per cent up for 26 cents each
Oklo Resources (OKU) has resumed a drill program at its Dandoko project in Mali following the conclusion of the local wet season.
Located within the Kenieba Inlier, the project covers 134 square kilometres in a region that also hosts B2Gold’s 7.21-million-ounce Fekola Mine and Barrick Gold’s 12.5-million-ounce Loulo Gold Mine.
An initial 15,000-metres program has been approved for completion by the end of this year, with first assays anticipated in November.
The program will focus on the Seko prospect, with a particular focus on the three-kilometre-long SK1 North to Koko trend, which remains open along strike and to depth.
Drilling in this area has so far outlined substantial gold reserves to depths of up to 200 metres, while the primary zone of fresh rock remains largely untested.
Oklo Resources has contracted three drill rigs to complete the work.
The first will use a total of 5,000 metres of deep diamond drilling to test the primary zone at SK1 North to depths of up to 300 metres, while the second will use shallow reverse circulation drilling to infill near-surface mineralisation and assess south-trending strike extensions.
The third drill rig will also use shallow reverse circulation, as well as aircore drilling, to explore extensions of the Disse target and a number of other that surround the Seko prospect.
Two of these drill rigs began work earlier this week, with the third currently on its way.
Managing Director Simon Taylor said he is pleased to have resumed work following the successful drilling campaign prior to the wet season.
“Importantly, our senior expatriate geologists have returned to Mali, the first time since the COVID-19 outbreak. We continue to see business as normal in Mali which has moved swiftly to install a transitional President and Government and all international borders are open,” he added.
Shares in Oklo Resources were up 3.92 per cent at the close of trading yesterday to 26 cents each.
