Okapi drilling underway to unlock Enmore gold potential
Drilling of up to 10 holes to evaluate the Sunnyside and Bora prospects at Okapi’s Enmore gold project in New South Wales is now underway.
Most of the holes will be drilled to test the Sunnyside prospect, though two holes will target the Bora prospect.
Okapi Resources (ASX:OKR) notes that the first pass drilling program is aimed at testing the depth extent of shallow mineralisation reported from historical drilling at the two priority prospects.
Notable results from the historical drilling include 4m at 11.94 grams per tonne (g/t) gold from surface within a broader 22m zone grading 2.66g/t gold and 2m at 14.6g/t gold from a depth of 46m.
However, the company noted that of the roughly 140 holes drilled at Sunnyside, just 16 wide-spaced holes were drilled below the oxide mineralisation and none of these adequately explain the distribution of the shallow oxide gold.
It added that the structural preparation, potential for dilation and abundance of supergene gold provide a high-quality target for further drilling advancement.
“Within six months of acquiring Enmore, we are already on the ground drilling with approvals in place,” executive director David Nour said.
“This first drill program is expected to show the potential of the project, given historical deeper drilling was wide-spaced and has not adequately accounted for the expected limited strike extent of high-grade shoots or their oblique orientation to the host lode structure.
“We look forward to the results and will advise shareholders as soon as they become available.”
The drill program of between 8 to 10 holes totalling 1,000m will test volumes below shallow mineralisation intersected by historical shallow percussion drilling and mineralisation intersected in deeper historical drill holes.
Sunnyside drilling will test extensions to anomalous gold mineralisation intersected at the end of historic drill holes along with untested structures at high angles to the known trend of mineralisation.
At Bora, Okapi believes the 31 holes concentrated over a 350m strike have not adequately tested the prospect and mineralisation potential is considered open in all directions.
The company believes that cross cutting structures similar to those associated with higher grade sections at the nearby Hillgrove antimony-gold mine represent a key opportunity at the Enmore project.
While this structural relationship has not yet been explored by drill testing at Enmore, previous drilling has only targeted the dominant east-west mineralised structures.
This article was developed in collaboration with Okapi Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.