Oklo Resources (ASX: OKU) has continued to pull up what it calls “spectacular” intersections at its flagship Dandoko project in west Mali.
A 10,000m is underway at the Seko target within the project with the aim of generating a mineral resource by the end of June next year.
Assays from the SK2 anomaly returned a thick 65m intercept grading 7.11 grams per tonne gold from 4m, including 9m at 16.76g/t gold from 13m and 4m at 28.07g/t gold from 40m.
Other notable intersections were 53m at 4.34g/t gold from 95m, including 15m at 7.20g/t gold from 108m; and 56m at 2.28g/t gold from 24m, including 2m at 6.17g/t gold from 73m.
According to Oklo, these assays confirm the presence of a thick coherent zone of gold mineralisation.
Oklo managing director Simon Taylor said the target had consistently delivered results beyond the company’s expectations.
He added the company’s understanding of the system is growing and it is confident of further discoveries.
These latest results are from the initial aircore and reverse circulation drilling phase comprising 53 holes for 4,541m, which has tested gold mineralisation to depths between 85m and 182m.
Located in west Mali’s Kenieba Inlier, Dandoko is only 50km from Barrick Gold’s 12.5 million ounce Loulo project and about 30km from B2Gold’s 7.1Moz Fekola asset.
To-date, Oklo has firmed up a 12km gold corridor across the project with gold identified from surface and comprising favourable metallurgy with cyanide leach recoveries averaging 95.2%.
A second rig has now arrived on site to begin the deeper reverse circulation and diamond drilling program at Seko, where Oklo is targeting five anomalies which have a combined strike length of 7km.
The program has been expanded to test the far northern end of the SK1 zone which returned 47m at 10.95g/t gold.
Oklo general manager of exploration Andrew Boyd she he was optimistic of outlining a new high-grade shoot in this zone.
By early afternoon, shares in Oklo were up 11.54% to $0.145.