Okapi is priming for gold drilling at the Enmore project
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Okapi Resources (ASX:OKR) is drawing up plans to kick off maiden drilling at the intriguing Enmore gold project in NSW in the June quarter.
The project, which was recently acquired from Providence Gold and Minerals, hosts two advanced walk-up drill targets – Sunnyside and Bora – along with a number of high-quality exploration targets.
It hosts widespread occurrences of high-grade gold in rock chip sampling such as 74.1 grams per tonne (g/t), 56g/t and 41g/t while historical sampling of underground workings and trenching returned notable results such as 0.45m at 234g/t gold and 0.91m at 21g/t gold.
Adding interest, Enmore is located in an analogous setting to the nearby Hillgrove antimony-gold mine that Red River Resources (ASX:RVR) has just brought back into production.
This proximity could be a boon for the company to monetise Enmore in the event of exploration success.
Historical information – including data from about 200 holes – has been retrieved from storage since Okapi acquired the project and this information is being compiled by its exploration team.
The company has submitted applications for drilling permits and will focus the initial 1,000m of drilling on Sunnyside and Bora.
This will follow-up on historical high-grade intercepts at Sunnyside that include 4m at 11.94g/t gold from surface within a broader intercept of 22m at 2.66g/t gold from surface and 2m at 14.6gt gold from 46m.
Okapi adds that while there is evidence of similar cross cutting structures such as those at Hillgrove that have been identified as a controlling mechanism for high grade gold, there has been limited work targeting these structures at Enmore to date.
As such, these structures will be a primary focus for the company’s exploration.
Besides the upcoming drilling at Enmore, Okapi is also planning to carry out a more detailed survey to follow up on a recent soil survey that it had carried out at the Mount Day joint venture in WA.
Results from the earlier survey were combined with historical work to define a gold-in-soil anomaly that covers about 2km of strike along with three other less defined anomalies.
Pathfinder elements including silver, copper, molybdenum either support the gold trend or show a consistent north-south fabric suggesting underlying structural control.
This follow-up survey will begin early this month in conjunction with a ground-based magnetics survey to assist in defining drill targets.
Okapi is earning up to 75 per cent in the non-lithium minerals at Mount Day from Lithium Australia (ASX:LIT).
The company also expects to be granted its application for an adjoining tenement in mid-May.
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.