Oklo Resources (ASX: OKU) has discovered gold at the Koko prospect, which the company claims is comparable to the early results received from Seko, a primary prospect within the flagship Dandoko project in west Mali.
The latest results from Koko (formerly known as Sory) have unearthed 37m at 3.24 grams per tonne gold from 11m, including 12m at 5.14g/t gold and 4m at 7.48g/t gold.
Another notable intercept was 29m at 3.52g/t gold from 36m, including 9m at 5.6g/t gold and 3m at 10.13g/t gold.
Oklo managing director Simon Taylor said the width and grade of mineralisation uncovered at Koko are comparable to the early results from Seko.
He added this indicates “excellent potential” to grow the Seko footprint.
Koko is about 2km south of Seko and Mr Taylor said it was now a high priority target with another drill rig to be transported to test the zone.
Dandoko gold project
Oklo initially identified Koko during a first-pass auger reconnaissance program, which confirmed the project’s 12km Dandoko gold corridor.
The reconnaissance program has identified extensive gold anomalies including Koko, Seko and SK1 where follow up drilling recently returned 47m at 10.95g/t gold.
Today’s results are part of Oklo’s 10,000m drilling program at Seko and surrounds, which will underpin a maiden mineral resource before the end of the June quarter.
An initial shallow aircore and reverse circulation drilling phase was completed at the project and comprises 57-holes for 5,045m and tested gold mineralisation to depths between 85m and 184m.
The exploration campaign has now transitioned to deeper RC and diamond drilling.
“We look forward to reporting the remaining assays results (11 holes) from the shallow drill program and first results from the follow-up drilling at SK1 and the deeper RC and diamond drilling at the other Seko trends,” Mr Taylor said.
The project is only 50km south of Barrick’s 12.5 million ounce Loulo project and 30km from B2Gold’s 7.1Moz Fekola asset.
Oklo owns 500 square kilometres of ground in the gold region.
The company’s share price lifted 3.13% to trade at $0.165 by mid-morning.