The game is afoot for Okapi as drilling starts at Enmore
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Okapi’s diamond drilling program to follow-up on exceptionally thick gold intercepts from last year’s drilling at the Sunnyside prospect in New South Wales is now underway.
The company has good reason to be excited that its 1,800m program has kicked off, given that previous drilling at Sunnyside East returned very promising results including 174m grading 1.83 grams per tonne (g/t) gold from surface and defined mineralisation over a strike length of over 400m.
Drilling, which will take Okapi Resources (ASX:OKR) about two to three months to complete, will also drill below old workings at the Sherwood prospect on the Bora Fault to follow-up on historically intersected high-grade mineralisation of up to 56.6g/t gold.
Enmore is located within the New England Fold Belt about 30km south of Armidale and 20km south of the geologically similar and operating Hillgrove gold mine that has produced over 730,000oz of gold.
Mineralisation generally comprises structurally controlled orogenic style gold and antimony (a valuable by-product in its own right) mineralisation.
While gold was discovered back in 1876 and operated on and off until 1940, most exploration since has been shallow, with around 200 holes up to a depth of 50m and few deeper ones completed before Okapi sewed up the ground in a deal last December.
As such, the36 identified mineralised mineral occurrences remain largely untested by deep drilling or modern targeting methods, offering plenty of exploration potential for the company.
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.