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Oklo Resources Ltd.
Summary
| Project: | Dandoko | |
|---|---|---|
| Deposit: | Diabarou | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-7-2016: Oklo Resources Ltd. announces an Exploration/Drilling Update report for its Diabarou deposit at the Dandoko project. Drilling results incl. 7m @ 19.82g/t Au from 43m. Oklo Resources Limited (“Oklo” or “the Company”; ASX: OKU) is pleased to prov | |
| 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 43 holes for 4,166m was recently completed at Diabarou comprising 3 diamond core (DD) holes (DDDK16-001 to DDDK16-003) for 482.2m, 7 reverse circulation (RC) holes (RCK016- 041 to RCK016-047) for 1,019m and 33 aircore (AC) holes for 2,665m. The DD and RC holes were designed to further evaluate the open pit resource potential of the Diabarou prospect, whilst the AC holes provided first pass coverage over the southern extension of the large gold-in-soil anomaly. The three diamond core holes completed in the current program twinned existing RC drill holes primarily for geological and structural information to assist in the design of the RC program. Seven RC holes were completed on two section lines located ~40m to the east and to the west of the main NW-SE trending section line (A-A’) along which diamond drilling was undertaken (Figures 2 & 3). The south-trending RC holes were designed to further test the immediate strike extensions to the high grade structures in a more optimal direction as interpreted from the diamond drill core. The recently completed drilling program has successfully outlined high grade gold mineralisation of variable widths on 3 section lines spaced over a ~80m strike. These new results will provide the focus for planning of the next campaign of drilling scheduled to commence in September. | |
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