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Oklo Resources Ltd.
Summary
| Project: | Dandoko | |
|---|---|---|
| Deposit: | Seko | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 11/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-11-2017: Oklo Resources Ltd. announces an Exploration/Drilling Update report for its Seko deposit at the Dandoko project. Drilling results incl. 42m @ 6.14g/t Au from 0m. 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 1 drilling program comprising infill and step-out aircore (AC) and deeper reverse circulation (RC) and diamond (DD) drilling campaigns at the Seko prospect within the Dandoko Project (Figure 1). Oklo’s Dandoko Project and adjoining Moussala and Kouroufing Projects are located within the Kenieba Inlier of western Mali and lie within 30km to the east of B2Gold’s 5.15Moz Fekola Project and 50km to the south-southeast of Randgold’s 12.5Moz Loulo Mine. Oklo’s Managing Director, Simon Taylor commented: “The first AC results from the 2018 field season are exceptional and further confirm our belief that the Seko gold discovery has the potential to host a significant, shallow gold resource. RC drilling is now underway testing for deeper primary gold mineralisation at Seko, which is just one of numerous priority auger gold targets along the 12km long Dandoko gold corridor. We expect the current program to be completed in late January 2018 and look forward to providing ongoing updates as results come to hand.” The drilling programs have been designed to test for both strike and depth extensions to the significant shallow oxide gold mineralisation previously encountered at Seko, through AC drilling to a vertical depth of circa 80m and deeper RC and DD drilling to vertical depths of between 180- 200m. The Phase 1 program is estimated to be completed by the end of January 2018 at an estimated cost of $3.5 million. In late 2016, Oklo initiated a reconnaissance auger geochemistry program over the Dandoko and Moussala projects to explore for new targets concealed under the extensive tracts of lateritic cover. | |
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