Significant Gold Hits In Latest Mali Drill Campaign
Oklo Resources Limited (ASX:OKU) has reported further highly encouraging results from the current resource definition drilling programme at its flagship Dandoko Project located in west Mali, Africa.
Oklo’s Dandoko Project is located within the Kenieba Inlier of west Mali, approximately 30km east of B2Gold’s 7.1Moz Fekola Project and 50km south-southeast of Barrick’s 12.5Moz Loulo Project.
The company currently holds ~500 sq. km of highly prospective ground in this emerging world-class gold region. Extensive gold anomalies have previously been outlined by auger drilling along the 12km-long Dandoko gold corridor.
The potential of this corridor to host large, gold mineralised systems has been demonstrated by the recent drilling success at Seko and several other nearby prospect areas.
Oklo’s current field programme is focused on infill drilling and closing off previously defined zones of gold mineralisation at Seko and adjoining areas in advance of its maiden MRE. Seko comprises five coherent auger gold trends (SK1-5) with a combined strike length of ~7km.
SK1 NORTH
The initial phase of drilling at SK1 North in late 2019 returned a spectacular intersection of 47m at 10.95g/t gold from 48m, following which Oklo’s Board approved additional RC drilling to test this emerging zone of high-grade gold mineralisation.
The follow-up drilling returned further exceptional intersections including 55m at 7.65g/t gold from 54m, 51m at 4.28g/t gold from 63m, 31m at 7.12g/t gold from 30m and 29m at 2.46g/t gold from 51m.
A series of step-out DD holes testing the down-dip continuity of the high-grade gold mineralisation successfully intersected 30m at 8.54g/t gold from 135m and 38m at 5.65g/t gold from 159m in the deepest holes and 34m at 4.07g/t gold from 83m5immediately along strike.
The latest assay results have successfully extended the high-grade gold mineralisation at depth on several sections.
Of particular note in the north of SK1 North, hole RDSK20-072 intersected 33m at 2.95g/t gold from 115m downhole, including 20m at 4.17g/t gold from 128m downhole.
SK1 SOUTH
Assay results have been received from six RC holes completed at SK1 South designed to test for an easterly dipping control to the mineralisation, similar in style to SK1 North.
Significant intersections included: 6m at 7.27g/t gold from 25m (including 2m at 19.35g/t gold) and 11m at 1.49g/t gold from 127m (including 5m at 2.28g/t gold); 17m at 2.81g/t gold from 65m (including 4m at 8.03g/t gold; 4m at 11.45g/t gold from 7m (including 1m at 41.0 g/t gold) and 14m at 1.18g/t gold from 113m; and 21m at 1.74g/t from 136m gold (including 10m at 2.97g/t gold) from 136m.
Oklo’s Managing Director, Simon Taylor, said the company considers the new SK1 South results to be highly significant both in terms of the emergence of a new south-plunging shoot and the potential of the ~500m gap between SK1 North and SK1 South for further shoot development about some of the previously reported isolated drill intersections.
“We are pleased to report these new assay results from SK1, which highlight the potential for further shoot development along the ~3km trend extending from SK1 North to Koko,” Mr Taylor said.
“In particular, the results from SK1 South point to a new shoot emerging following implementation of the more optimal northwest drill hole orientation which brought about the SK1 North discovery.
“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 MRE, expected to be finalised during 2H 2020.”
