Oklo aims for maiden resource at ‘company making’ Seko gold discovery in Q1

Special Report: With Oklo Resources (ASX:OKU) still drilling the potentially massive Seko gold discovery in Mali, a maiden resource due Q1 2021 could be just the beginning.

Oklo Resources’ major greenfields gold discovery at Seko – part of the Dandoko project — is within 30km of major gold operations like B2 Gold’s 7.1 million-ounce Fekola mine and Barrick Gold’s 18 million-ounce Loulo-Gounkoto mining complex.

Drilling results so far are phenomenal.

Highlights to date include 62m at 5.26g/t gold and 55m at 7.65g/t gold.

In late October, Oklo kicked off a 15,000m drilling program aimed at finalising a maiden resource.

Originally due for completion by the end of the year, that program has been delayed a couple of months due to now-resolved drill rig issues.

It’s worth the wait. Seko is “looking to be a company maker” for Oklo, says managing director Simon Taylor.

The shallow oxide component of the orebody — which shows similarities to B2Gold’s large Anaconda project to the west — starts from surface to and goes to depths of around 200m.

But the deeper primary zone (fresh rock) at Seko remains largely untested.

6 deeper drill holes totalling 1,832m were recently punched into this primary zone to depths of up to 325m. Results are expected very soon.

Shallower drilling — focusing on infilling and closing off areas of near-surface oxide gold at SK1 and testing the strike extensions south towards Koko — are in progress with a total of 11 holes completed totalling 1,198m.

“We are pleased that all three drill rigs are now fully operational with our in-country team and drilling contractors working double shifts to make good this unfortunate setback,” Taylor says.

“We look forward to announcing further updates and a steady stream of positive drilling results as they come to hand.”

This article was developed in collaboration with Oklo, 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.