Okapi sees promising signs after drilling first Enmore diamond holes
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Okapi’s pulse is already racing after the first two diamond holes at its Enmore gold project in NSW consistently intersected highly prospective lithologies.
Both holes at the Sunnyside prospect encountered highly altered siltstone and granite with multiple phases of quartz and minor carbonate veining along with numerous faults and shear zones which contained elevated levels of sulphide mineralisation.
Adding further interest, the encouraging lithologies intersected had prompted Okapi Resources (ASX:OKR) to extend both holes significantly deeper than originally planned at 260m and 208m respectively.
Core is being cut and sampled in preparation for analysis at ALS Global, a certified laboratory specialising in minerals, with assays expected by the end of September 2022.
Drilling is also continuing at Sunnyside where gold mineralisation is open at depth and present over 400m of strike.
The drill program will also be testing the Sherwood Prospect on the Bora Fault, one of the more interesting of the regional targets at the Enmore gold project, which is is located within the New England Fold Belt about 20km south of the geologically similar and operating Hillgrove gold mine that has produced over 730,000oz of gold.
OKDD001 was drilled to a total depth of 261m to follow up on high-grade mineralisation intersected by hole OSSRC061, which was terminated at a depth of 174m in high-grade mineralisation with the final 3m interval assaying 8.86g/t gold.
The first diamond hole consistently intersected highly altered siltstone and granite with multiple phases of quartz-carbonate veining with trace levels of sulphides, mostly pyrite with minor amounts of arsenopyrite and sphalerite.
Numerous fault and shear zones were also intersected, all of which contain increased levels of sulphide mineralisation that may be gold-bearing.
Meanwhile, OKDD002 was drilled to a depth of 207.5m and was collared 40m northeast along strike from OKDD001.
It intersected similar lithologies, alteration and veining with a prominent zone of mineralisation comprising numerous quartz/black matrix veins with up to 10% sulphides encountered from 165m to 173.25m.
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.