Okapi has more gold hits to come. Pic: via Getty Images
Okapi’s gold hits point to potential for more at Enmore
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Drilling at Okapi’s Enmore project in New South Wales has returned multiple gold intersections which highlight its high-grade nature.
The first hole OKDD001 struck a 4m intersection grading 8.85g/t gold from a down-hole depth of 184m followed by a deeper 8m zone at 2.04g/t gold at 204m before the grades rose in another 4m intersection at 4.56g/t gold from 249m.
This intersection of more than one gold mineralised zones was repeated at OKDD002 which struck:
- 9m at 1.27g/t gold from 107m;
- 30m at 0.96g/t gold from 121m;
- 15m at 1.17g/t gold from 160m; and
- 26m at 2.52g/t gold from 182m including 5m at 4.19g/t gold from 182m and 11m at 3.09g/t gold from 194m.
Both drillholes were drilled by Okapi Resources (ASX:OKR) to test the true width of the high-grade mineralisation and for both to return multiple, significant intersections bode well for the rest of the results from the now completed diamond drill program.
“This is an excellent result, demonstrating the high-grade nature of the Enmore Gold Project. Both drillholes OKDD001 and OKDD002 show multiple high-grade zones within a broad halo of low-grade gold mineralisation,” managing director Andrew Ferrier said.
“Mineralisation appears to be improving with depth, and with virtually no deep drilling there is potential for the discovery of additional high-grade gold shoots along strike to the west.
“We look forward to receiving the results for the remaining five drillholes of the drilling program, which were designed to test the Sunnyside Fault Zone both at depth and along strike.”
Drill results
Both holes were successful in testing the true widths and depth extensions of the high-grade mineralised zones intersected in reverse circulation holes OSSRC05 and OSSRC06 from last year’s program – encountering high grade mineralisation within a much broader halo of lower-grade gold mineralisation.
Mineralisation grade appears to increase at depth and the results open up the potential for further high-grade mineralised shoots along strike to the west.
Virtually no deep drilling has been carried out in this area prior to Okapi’s recently completed diamond drill program.
Of the remaining five holes, OKDD003 and OKDD004 tested the extension of mineralisation intersected in 2021 RC drillhole OSSRC006 at positions down dip and down plunge from OKDD001 and OKDD002, intersecting lithologies that are strongly altered and quartz veined with numerous fault zones.
Hole OKDD005 tested below the thickest part of the low-grade gold mineralisation envelope while OKDD006 tested a gap in the low-grade mineralised envelope.
Both drillholes intersected numerous zones of strongly altered, quartz veined and brecciated sediments within the Sunnyside Fault Zone
Drillhole OKDD007 tested the down dip extent of high-grade gold mineralisation intersected in historical drillholes.
Enmore project
Enmore is located about 30km south of Armidale within the New England Fold Belt in northern New South Wales.
It has similar geological characteristics to the Hillgrove gold mine which has produced over 730,000oz of gold.
The project has 36 identified mineral occurrences, most of which are untested by deep drilling, modern geophysics or other targeting methods applied across the project.
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.
