viewOklo Resources Ltd

Oklo Resources Seko drilling nears completion, on track to deliver maiden gold resource

The current program is focused on infill drilling and closing off previously defined zones of gold mineralisation at Seko.

Oklo Resources Ltd - Oklo Resources nears competition of Seko drilling, on track to deliver maiden mineral resource estimate
A scoping study is scheduled for completion following the resource estimate

Oklo Resources Ltd (ASX:OKU) has drilled a further 19 reverse circulation (RC) and 13 diamond drill holes at Seko deposit and is nearing completion of its 2020 drilling campaign at the flagship Dandoko Gold Project in west Mali due to the onset of the wet season.

Two PQ diameter diamond holes are underway to complete the follow-up metallurgical test-work program on SK1 North oxide mineralisation at Seko.

The successful 2020 drilling campaign will provide input into the maiden mineral resource estimate (MRE) which is on-track for completion later this year.

“Final assays pending”

Oklo managing director Simon Taylor said: “We are pleased to report that the resource definition drilling program at Seko, which culminated in the outstanding SK1 North discovery, is nearing completion.

“The company now looks forward to the receipt of the final assay results for input into our maiden mineral resource estimate.”

The company expects a steady flow of results in the coming weeks and remains on track to deliver the MRE in the second half of 2020.

SK1 long section showing selective previous results, completed holes with assays pending and proposed holes at SK1 North and SK1 South

“Potential large-scale open pit mine”

Taylor said the drilling completed to date continued to reinforce the company’s geological model.

He said: “We remain hopeful of outlining further shallow oxide mineralisation along the partially tested trend extending south of SK1 North.

“With the oxide zone mineralisation extending to a vertical depth of circa 210 metres, this bodes well for a potential large-scale open pit mining development with a simple gold processing flowsheet which will be assessed as part of our scoping study to be delivered shortly after the MRE.”

Oklo has appointed Lycopodium Limited (ASX:LYL) to manage the accelerated scoping study.

Quick facts: Oklo Resources Ltd

Price: 0.31 AUD

Market: ASX
Market Cap: $156.1 m

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