OKU 5.26% 15.0¢ oklo resources limited

Ann: Quarterly Activities/Cashflow Report, page-2

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 15,831 Posts.
    lightbulb Created with Sketch. 216
    Highlights during the quarter included:
     A 4,921m aircore (AC) drilling program completed at the Dandoko Project, located 30km
    west of B2Gold Resources’ 5.15Moz Fekola Project in western Mali, testing a combination
    of gold-in-soil and geophysical targets at the Selingouma, Diabarou and Disse prospects.
     The shallow AC program was highly successful in delineating encouraging alteration and
    gold mineralisation at all three prospects for follow-up drilling including:
     Disse – Significant high grade gold intersections, including 21m at 5.67g/t gold and
    3m at 12.80g/t gold, have delineated a mineralised structure that extends over
    350m and is open in all directions. Drilling has also intersected a new parallel
    structure located approximately 500m to the north returning 3m at 4.38 g/t gold.
     Selingouma – drilling confined to the northern 600m of the 6km long gold-in-soil
    anomaly intersected wide zones of alteration and gold anomalism, with a best
    intersection of 18m at 1.75g/t gold. Planning is underway to test the remainder of
    the anomaly with detailed rotary airblast (RAB) drilling on 400m line spacings.
     Diabarou – latest aircore drilling results have confirmed gold anomalism along
    strike from the 12m at 1.50 g/t gold and 20m at 1.44 g/t gold intersections from
    2013 drilling.
     Drilling continues with the rig mobilised to the Socaf Project in advance of the Yanfolila
    Project.
     The Socaf project covers a sparsely outcropping inlier of Birimian volcanics,
    interpreted as a continuation of the Senegal-Mali Shear Zone (SMSZ). The SMSZ is
    widely mineralised and hosts no fewer than six major gold deposits including
    Sadiola (13.5Moz) and Loulo (12.5Moz). Oklo’s program is designed to test the
    down dip extensions to the significant intersections from 2007-08 drilling, including
    8m at 4.1g/t gold and 8m at 3.5g/t gold1
    .
    1
    Refer Oklo ASX Release 11th February 2011
    ASX Announcement
    24th July 2015
    Page 2 of 13
     Yanfolila is located in southern Mali, 45km north of Avnel’s (2.1Moz) and 35km
    east of Hummingbird’s (1.8Moz) gold deposits. First pass drilling at Yanfolila in 2012
    returned significant intersections including 26.5m at 3.59g/t gold and 15.6m at
    2.01g/t gold2 within an extensive gold-in-soil anomaly that extends for over 2km
    and has been tested by limited drilling.
     Reverse circulation (RC) drilling will follow up aircore drilling results and will focus on
    defining the along strike and vertical extent of previously intersected mineralisation and the
    extents defined by this aircore program
 
watchlist Created with Sketch. Add OKU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.