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Oklo Resources drills more high-grade gold at flagship Dandoko Project in Mali

With the depth and strike extent of SK1 North growing with each batch of assay results received, Oklo has decided to continue the drilling program to the start of the forthcoming wet season.

Oklo Resources Ltd - Oklo Resources drills more high-grade gold at flagship Dandoko Project in Mali
Oklo and its staff and contractors have been minimally impacted by the COVID-19 pandemic to date

Oklo Resources Ltd (ASX:OKU) has reported further highly encouraging results from the resource definition drilling program currently in progress at its flagship Dandoko Project in west Mali, Africa.

The assay results were received from a further 6 diamond (DD) holes and one reverse circulation (RC) hole from the SK1 North discovery at Seko.

Further wide zones of gold mineralisation were returned from step-out drilling at depth and along strike. Significant intersections include:

  • 8 metres at 4.98g/t gold from 185 metres including;
    • 2 metres at 18.85g/t gold from 185 metres, and
  • 23 metres at 2.50g/t gold from 209 metres including;
    • 5 metres at 5.45g/t gold from 210 metres
  • 16 metres at 4.34g/t gold from 122 metres including;
    • 4 metres at 10.46g/t gold from 123 metres including;
    • 1 metre at 30.30g/t gold from 123 metres.

SK1 North drilling cross-section

Oklo managing director Simon Taylor said: “With the depth and strike extent of SK1 North growing with each batch of assay results received, we have decided to continue the drilling program to the start of the forthcoming wet season.

“While this may push the completion of our maiden MRE into 2H 2020, we hope that ongoing exploration success at SK1 North will be an equally rewarding outcome for shareholders.”

SK1 North drilling cross-section

Oklo’s Dandoko Project is within the Kenieba Inlier of west Mali, about 30 kilometres east of B2Gold’s (TSE:BTO) 7.1 million ounces Fekola Project.

The company currently holds about 500 square kilometres of highly prospective ground in this emerging world-class gold region.

The potential of this corridor to host large, gold mineralised systems has been demonstrated by the recent drilling success at Seko and several other nearby prospect areas.

Seko drilling

Oklo’s current field program is focused on infill drilling and closing off previously defined zones of gold mineralisation at Seko and adjoining areas in advance of its maiden mineral resource estimate.

Seko comprises five coherent auger gold trends (SK1-5) with a combined strike length of ~7 kilometres.

All assay results have now been received and reported from the initial phases of aircore (AC), RC and DD resource definition drilling at SK1, SK2 and SK3 to depths averaging 85 metres and up to 184 metres.

The evaluation of the emerging SK1 North discovery is ongoing with the latest round of results reported above.

Pending drill results

Drilling is ongoing at SK1 North with a further 18 holes completed and assay results expected in coming weeks.

Assay results are also pending from about 9,500 metres of reconnaissance AC drilling between Koko and SK1, with drill samples from SK1 North currently being given priority at the laboratory.

COVID-19 Update

Oklo and its staff and contractors have been minimally impacted by the COVID-19 pandemic to date and the company continues to operate its programs within Mali as planned.

At present, Mali has implemented a closure of its borders for travel as well as a night-time curfew restricting evening travel.

Oklo has implemented measures to ensure employees' well-being including; health screening and temperature monitoring, change in rosters, spatial distancing protocols, change in flow of staff to and from local community, and the minimisation of staff in the Bamako administrative office.

The company's expatriate staff departed the country prior to the border closure.

Quick facts: Oklo Resources Ltd

Price: 0.295 AUD

ASX:OKU
Market: ASX
Market Cap: $139.33 m
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