Gold: Oklo is uncovering some pretty nice African riches as the high-grade hits keep coming
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There could be an exciting bounty waiting for Oklo Resources (ASX:OKU) if the shallow high-grade gold hits from infill drilling at the Seko prospect within its flagship Dandoko project in western Mali are any indicator.
Top results from the SK2 trend, one of five trends at Seko, were 65m at 7.11 grams per tonne (g/t) gold just 4m from surface that includes a 4m zone grading 28.07g/t gold from 40m and 53m at 4.34g/t gold from 95m including 15m at 7.2g/t gold from 108m.
Results of more than 5g/t gold are generally considered high-grade.
Meanwhile, first results from follow-up drilling at SK2 North include 3m at 4.9g/t gold from a depth of 126m within a broader intersection of 6m at 2.86g/t gold from 124m.
Assays are pending from a further 36 holes, while a deeper reverse circulation and diamond drilling program is currently underway ahead of a maiden resource estimate that is scheduled for completion in the second quarter of 2020.
“These new results from the infill drilling at SK2 have confirmed the presence of a coherent zone of high-grade gold mineralisation,” managing director Simon Taylor said.
“The deeper RC and diamond drilling program is now underway and on the back of recent outstanding results from the far northern end of SK1, including 47m at 10.95g/t gold, the program has been increased to further test this zone, where we are optimistic of outlining a new high-grade shoot.”
Dandoko is located about 30km east of B2Gold’s 7.1-million-ounce Fekola project and 50km south-southeast of Barrick Gold’s 12.5-million-ounce Loulo project.
And now for something a little different.
Genesis Minerals (ASX:GMD) has a farm-in deal with Kin Mining (ASX:KIN) for the Desdemona South project near Leonora, Western Australia, that is immediately north of its 760,000oz Ulysses gold project. The company has already identified a number of drill targets for testing in 2020.
Meanwhile, Jadar Resources (ASX:JDR) – formerly Jadar Lithium – has marked its name change with the signing of a sales and purchase agreement for the Yanamina gold project in northern Peru.