Oklo doubles down: Another potential gold discovery near Dandoko
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Oklo Resources has announced its second potential gold discovery in a week, with exciting results from regional exploration near the Dandoko project in Mali.
The drill hits were reported from shallow first-pass AC drilling at the previously undrilled Kandiole project, 20km southwest of the Seko deposits where Oklo (ASX:OKU) this year announced a 668,500-ounce resource.
The drilling encountered an extensive zone of near-surface gold mineralisation in three 200m-spaced drill traverses. Significant gold assays reported from Kandiole include:
Mineralisation is said to be coincident with a previously defined 1000m by 150m auger gold anomaly and follow up auger drilling is underway to assist in defining the extent of the target.
The intercepts come just one week after some serious mineralisation was hit at the Sari project 10km east of Dandoko and are part of the same ongoing resource growth drilling initiative.
Oklo managing director Simon Taylor said the company was pleased with the results to date.
“Once again, we are delighted to report a second potential gold discovery from first-pass reconnaissance drilling at our Kandiole project as part of the company’s mineral resource growth initiative underway at Dandoko and other regional targets,” he said.
“Kandiole is located within 20km of Seko and complements our recently reported early success at Sari. Both projects are located within reasonable trucking distance of the 0.67-million-ounce gold mineral resource at Seko.
“It’s still early days at Kandiole, however we consider the potential extent of this new target, along with other undrilled auger anomalies, as extremely promising with holes returning intersections of greater than 4g/t gold.”
Planning is underway for follow-up evaluation at both Sari and Kandiole.
Oklo’s Mali gold projects sit in close proximity to B2 Gold’s mammoth 7.1Moz Fekola gold project, Barrick’s 12.5Moz Loulo project, as well as a number of other regionally significant deposits.
Having defined a maiden resource for the Seko deposits in April, Oklo quickly set about further exploration designed to grow the ounces at its Mali projects.
This included a 14,000m drilling program at Dandoko alone, targeting resource extensions along strike and at depth at Seko, while also drilling targets generated using auger and IP geophysical methods along the 15km Dandoko gold corridor.
That program is ongoing.
Today’s results come from a further 8500m of aircore drilling carried out at Sari and Kandiole with a view to testing regional targets.
Metallurgical testwork carried out on ore from the SK1 deposit at Seko recently recorded leach recoveries of greater than 97%.
Taylor recently spoke with Stockhead’s Barry FitzGerald about the company’s plans for its landholding in Mali – that conversation can be found here.
This article was developed in collaboration with Oklo 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.