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Oklo Resources Ltd.
Summary
| Project: | Dandoko | |
|---|---|---|
| Deposit: | Seko | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 3/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-3-2018: Oklo Resources Ltd. announces an Exploration/Drilling Update report for its Seko deposit at the Dandoko project. Drilling results incl. 45m @ 4.38g/t Au from 96m. Oklo Resources Limited (“Oklo” or “the Company”; ASX:OKU) is pleased to announce t | |
| 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 at the Seko prospect within the Dandoko Project (Figure 1a and 1b), comprising infill and step-out aircore (AC), and deeper reverse circulation (RC) and diamond (DD) drilling. Oklo’s Dandoko Project and adjoining Moussala and Kouroufing 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. 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. The Phase 1 program is scheduled to be completed by the end of March 2018 at an estimated cost of $3.5 million. SEKO AC, RC AND DD DRILLING PROGRAM The recently completed shallow AC and RC drilling programs at Seko comprised 80m spaced step-out and 40m spaced infill traverses along three of the Seko anomalies, where previous reconnaissance AC drilling intersected significant widths of oxide gold mineralisation from 5 of the anomalies tested (Figure 3). This shallow AC and RC drilling has not adequately defined the structural controls to the gold mineralisation at Seko and this will continue to be the focus of the ongoing deeper RC and DD components of the Phase 1 program. The deeper RC and DD drilling completed to date at Seko comprises holes angled at -55° to an average downhole depth of 160m (~131m vertical depth) and a maximum downhole depth of 230m (~188m vertical depth). The holes penetrated fresh rock at depths of circa 55m at SK2, 100m at SK3 and 110m at SK1, indicating deep and extensive weathering profile at Seko. Within fresh rock, greywackes hosting felsic and mafic intrusives were intersected with alteration assemblages characterised by albite with disseminated pyrite and minor arsenopyrite at SK3. | |
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