Okapi soil survey lights up Mount Day gold anomaly

Okapi has completed an infill geochemical soil survey that confirms the gold-in-soil anomaly at its Mount Day project over about 1.5km of strike.

The company had previously identified a semi-continuous 10km long by 1km wide anomalous zone with maximum soil results of up to 88 parts per billion gold, and rock chips of up to 10.7 grams per tonne (g/t) gold from open file geochemical data.

Additionally, the soil sample results coincide with a number of anomalous rock chip samples and historical workings.

Okapi Resources’ (ASX:OKR) infill soil survey saw 410 samples collected over a 100m by 25m grid that confirmed the presence of gold-in-soil along with pathfinder elements such as silver, copper, molybdenum and bismuth that support the gold trend.

It also increases the resolution of the previously completed soil survey, identifying areas for more detailed follow-up and defining drilling targets.

“We are pleased with the results from this exploration work, confirming the gold-in-soil anomaly extending over 1.5km strike. Further exploration work at the tenement is currently being planned to define structures and possible drill targets,” executive director David Nour said.

Detailed ground magnetic work is being planned over the anomalous trend to define structures and possible drill targets.

Nour adds the company is nearing completion of its application process for the adjacent tenement and drilling at the Enmore gold project to begin in June.

Mount Day

Okapi entered into a farm-in agreement with Lithium Australia (ASX:LIT) in September last year to acquire 75 per cent in all minerals except lithium over the Maggie Hays tenements.

While previous exploration had focused on nickel around the Maggie Hays and Emily Ann nickel deposits, the company’s interest was piqued by the anomalous gold-in-soil anomaly at Mount Day, which straddles the Okapi tenement application and the farm-in tenement.

Notably, limited historical drilling near the main target area had reported hits such as 2m at 11.04 grams per tonne (g/t) gold from 26m and 3m at 1.74g/t gold from 71m.

Pathfinder data from Okapi’s infill survey has demonstrated a consistent north-south fabric that suggests that some underlying structural control could be present.

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.