Oklo hits gold in early drilling just 10km from flagship Mali project
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Shallow, first-pass drilling by Oklo Resources at the Sari project in Mali has indicated a potential gold discovery just 10km east of the company’s flagship Dandoko project.
The Sari project sits in close to proximity to Oklo’s (ASX:OKU) Seko mineral resource at Dandoko, and is one of a number of targets of interest as the company looks to expand its regional ounces.
First pass aircore drilling at Sari hit a wide zone of near-surface gold mineralisation spanning 24m at 1.97 grams per tonne gold from just 12m, including 12m at 2.66g/t.
The intersection is associated with a prominent radiometric featured within an interpreted and unexplored intrusive, and X-ray fluorescence readings from within the zone indicate a similar geological signature to the gold mineralisation at Oklo’s SK1N deposit.
A further two targets sit to the west and east of the prominent radiometric feature, over strike lengths of 2.6km and 6km respectively. The former named has been lightly drilled, the latter never tested.
SK1N and its nearby SK2 and SK3 pit shells host the vast majority of the Seko project’s recently announced mineral resource, which comes in at 11.34 million tonnes grading 1.83g/t for 668,500 ounces.
Oklo will hope follow up drilling planned for Sari will allow the company to add to these ounces – a priority for the company since the initial Seko resource was declared in March
Managing director Simon Taylor said the early results at Dandoko and the company’s other regional targets were extremely encouraging.
“Sari is located within 10km of Seko, so conceptually it is within reasonable trucking distance of the 0.67-million-ounce gold Mineral Resource,” he said.
While this new target has only been tested by wide-spaced drilling, it underscores the prospectivity of our 500km2 strategically located landholding in west Mali.
“Our main focus continues to be on growth opportunities within Dandoko, where a 14,000m drilling program is in progress testing numerous targets immediately outside the Seko mineral resource pit shells and other potential shallow, high-grade opportunities along the 15km Dandoko gold corridor.
“However, given this exciting development, planning is in progress for follow-up evaluation of this emerging target at Sari.”
As outlined in conversation with Stockhead in April, Oklo is embarking on an aggressive exploration strategy to grow its Mali projects.
The company is in the throes of a 14,000m drilling campaign at Dandoko, targeting mineral resource extensions along strike and at depth of Seko as well as geochemical and geophysical targets along the 15km Dandoko corridor.
A further 8500m of aircore drilling was allocated to first-pass testing of conceptual targets at Sari and the Kandiole gold projects close to Dandoko.
The most recent results are from the latter, with six 400m-spaced AC traverses for a total of 69 holes recently completed at Sari.
Taylor also spoke to Stockhead’s Barry FitzGerald about the exploration strategy in May – 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.