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Oklo Resources Ltd.
Summary
| Project: | Kouroufing | |
|---|---|---|
| Deposit: | Kouroufing | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 2/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2019: Oklo Resources Ltd. announces an Exploration/Drilling Update report for its Kouroufing deposit at the Kouroufing project. Drilling results incl. 6m @ 29.41g/t Au from 26m. Oklo Resources Limited (“Oklo” or “the Company”; ASX:OKU) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Simon Taylor (Internal) | |
| ABSTRACT: | Oklo Resources Limited (“Oklo” or “the Company”; ASX:OKU) is pleased to announce further encouraging assay results from its Kouroufing Project, located 20km southeast of the Company’s flagship Dandoko Project in west Mali. This announcement summarises assay results received from 102 AC holes drilled at North Kouroufing and 4 AC holes from South Kouroufing. The results form part of the Company’s current 2019 drilling program, with significant progress already made at both Kouroufing and Dandoko Gold Projects. Oklo’s Dandoko, Kouroufing, Kandiole, Kossaya, Moussala, and Sari Projects are located in west Mali, 30km to the east of B2Gold’s 7.1Moz Fekola mine and 50km to the south-southeast of Barrick’s 12.5Moz Loulo mine (Figure 1). The Company currently holds ~ 500km2 of highly prospective ground in this world-class gold region. The Kouroufing Project covers an area of 90.7km2 within the Kenieba Inlier to the east of the regionally significant Senegal Mali Shear Zone (“SMSZ”) over a tract of unexplored Proterozoic Birimian greenstones with identified northeast-trending structures in a comparable geological setting to the 12km-long, northeast-trending gold corridor outlined by auger geochemistry at the Company’s nearby Dandoko Project (Figure 1). During 2018, Oklo announced that first pass reconnaissance auger geochemical drilling, covering 25% of the project area, had defined a 6km gold corridor with grades of up to 14.40g/t gold (Figure 2)2 . The current follow-up AC and auger drilling program commenced in mid-November with a total of 203 shallow AC holes (for 9,082m) along 13 traverses (Lines 1-13) completed. Also completed this field season, 1,448 shallow geochemical auger holes (for 17,473m) testing for extensions to the 6km gold corridor zone with a total of 2,150 holes for 31,651m completed on the Project in total with drilling ongoing. | |
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