Oklo Resources Limited (ASX: OKU) announced on 6th March 2019 that the company has completed diamond drilling program at Seko, within its Dandoko Project in west Mali and confirmed extensions to the Seko gold system.
The recent activity by the company depicted an advancing exploration activity at both its Dandoko and Kouroufing project which are located within the Kenieba Inlier of west Mali, which is emerging as a world-class gold region.
The company currently possess approx. — 500km square of the ground in the provinces and confirmed four operating drill rigs in the West Mali region.
The company took auger drilling at both the projects and identified extensive gold anomalies, including a 12km-long gold corridor, identified previously in 2017, at Dandoko project, and a 6km gold corridor, recognized last year at Kouroufing. The company drilled in the depth of both the gold corridors to identify the potential for large gold mineralisation.
In Dandoko Project, the company received assay results from recently completed three diamond drilling holes at Seko. The holes were designed to test the repetitions of the high-grade shoots in the primary zone below the extensive oxide zone. The drilling also aimed at providing the data such as, structural and lithological, to assist the planning of the next phase of drilling.
The holes were drilled in the SK2 and SK3 gold system along strike and depth, and all the drilled holes intersected significant alteration with variable widths of gold mineralisation.
The Company drilled two holes in SK3 and identified those holes as RDSK0158-041 and RDSK0158-042. The total drilled surface accounted for a total of 693m with 329m Reverse Circulation (RC) pre-collar and 364m diamond drilling at the northern and southern ends of the site.
RDSK0158-42 was drilled below the previous RC hole with an aim to test the previous significant intersection from RC hole RCSK18-072, which marked at 20m@ 3.03g/t of gold) and was terminated in mineralisation due to some drilling issues. As the company expected, the hole RDSK0158-42 intersected greywacke before encountering a barren porphyry intrusive at a downhole depth of 256m. The greywacke mineralisation further extended by a 23m downhole and possessed two wide zones of gold with a grading of 30m@ 1.32g/t of gold from 126m and 41m @ 0.61g/t gold from 216m.
RDSK0158-041 was drilled with an aim to test the down plunge extension of the known intersection of 115m at 0.49g/t of gold in hole identified as RCSK18-069. The hole encountered greywacke and argillite and intersected a narrow zone of gold mineralisation of 5m at 3.33g/t gold and 1m at 10.50g/t of gold.
The company drilled one DD hole in SK2 and identified it as RDSK19-046. The hole was drilled towards the east to a total depth of 358.2m with 168.2m RC pre-collar and 198m of diamond drilling and was designed to test for steeply southerly plunge extensions of the know intersection (45m at 4.38g/t gold) in hole DDSK18-007. The diamond drilled hole RDSK19-046 encountered altered breccia with sulphides and gold grades of 2.45g/t with wide mineralization zones including 14m at 0.59g/t gold.
During the time of writing this report, the shares of the company were trading at A$0.240 (as on 6th March 2019, 02:50 PM), down by 2.041% as compared to its previous close.
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