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Oklo Resources Ltd.
Summary
| Project: | Dandoko | |
|---|---|---|
| Deposit: | Diabarou | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 8/11/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-8-2016: Oklo Resources Ltd. announces an Exploration/Drilling Update report for its Diabarou deposit at the Dandoko project. Drilling results incl. 7m @ 12.27g/t Au from 116m. Oklo Resources Limited (“Oklo” or “the Company”; ASX: OKU) is pleased to pro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Simon Taylor (Internal) | |
| ABSTRACT: | Oklo Resources Limited (“Oklo” or “the Company”; ASX: OKU) is pleased to provide the following drilling update at its Diabarou prospect within the Dandoko gold project in western Mali (Figure 1). The Diabarou prospect covers an area of approximately 1.2km x 1.0km where artisanal miners have exposed gold bearing quartz veins of up to 3m in width extending for over 600m. A total of 33 reconnaissance aircore (AC) holes for 2,665m were recently completed at Diabarou along 3 traverses spaced 100m apart (Figure 2). The AC program was successful in intersecting significant gold mineralisation at both targets. First pass AC drilling over the southern portion of the Diabarou prospect intersected numerous zones of gold mineralisation along a broad, northeast trend. Significant intersections from the central traverse included 8m at 3.80g/t gold from 54m in hole DIA036 and 8m at 1.60g/t gold from 45m in hole DIA037. Significant intersections from the western traverse included 6m at 1.51g/t gold from 41m in hole DIA023, 6m at 1.21g/t gold from 63m in hole DIA025 with the hole ending in mineralisation, 4m at 2.54g/t gold from 55m in hole DIA26 and 11m at 0.55g/t gold from 46m in hole DIA022. Oklo is encouraged by the discovery of this new zone of gold mineralisation, which remains open to the southwest. Significant intersections from the AC holes drilled to the immediate east of the main zone of high grade gold mineralisation included 5m at 1.40g/t gold from 19m in hole DIA051, 3m at 2.89g/t gold from 20m in hole DIA053 and 3m at 0.60g/t gold from surface in DIA052. These results have successfully extended the host structure by a further 100m to a total length of 220m and remains open along strike in both directions. | |
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