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Oklo Resources Ltd.
Summary
| Project: | Dandoko | |
|---|---|---|
| Deposit: | Seko | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 5/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2018: Oklo Resources Ltd. announces an Exploration/Drilling Update report for its Seko deposit at the Dandoko project. Drilling results incl. 11m @ 9.64g/t Au from 123m. Oklo Resources Limited (“Oklo” or “the Company”; ASX:OKU) is pleased to announce | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Simon Taylor (Internal) | |
| ABSTRACT: | Oklo Resources Limited (“Oklo” or “the Company”; ASX:OKU) is pleased to announce the following progress report on its 2018 Phase 2 drilling program at the Seko prospect within the Dandoko Project (Figure 1a and 1b). Oklo’s Dandoko Project and adjoining Moussala, Kouroufing and Kandiole Projects are located within the Kenieba Inlier of western Mali and lie 30km to the east of B2Gold’s 5.15Moz Fekola mine and 50km to the south-southeast of Randgold’s 12.5Moz Loulo mine. Oklo’s Managing Director, Simon Taylor commented: “The first results from the 2018 Phase 2 drilling program further confirms our belief that the Seko gold discovery has the potential to host a significant gold resource. We are aiming to complete 50,000m of drilling prior to the wet season in July over a range of targets at Seko, testing for both lateral continuity to the shallow oxide mineralisation and depth extensions to the primary gold mineralisation. The current program will provide a steady flow of news for shareholders in the months ahead.” The current drilling programs have been designed to test for both strike and depth extensions to the previously encountered oxide gold mineralisation through AC drilling to a vertical depth of circa 80m and deeper RC and DD drilling to vertical depths of between 180-200m at Seko Anomaly 2 (SK2) and Seko Anomaly 3 (SK3), as well as testing other regional targets along the Dandoko gold corridor and within the Kouroufing Project. The 2018 Phase 2 program is targeting the completion of 50,000m of drilling prior to the onset of the wet season in July and includes auger, aircore (AC), reverse circulation (RC) and diamond drilling (DD) at an estimated cost of $5 million | |
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