I received this over the weekend which was commentary on Oklo from the Canaccord Weekly send out, good little write up on page 2
Three Recent Exploration Successes:
There have been three exploration successes that have caught our eye. Most recent was the reporting by Oklo Resources of the first few drill holes from the Dandoko gold prospect some 30 km east of Papillon’s Fekola gold project, which boasts 5 Moz of gold. The first three drill holes at the Disse target came in with 17m at 2.30 gpt including 4m at 5.46 gpt, and 3m at 3.88 gpt. These holes showed deep extensions beneath the artisanal workings. The first hole in the Diabarou target return multiple intercepts from 3m to 20m, at grades of 1.44 gpt to 3.72 gpt. Of course, this is the first piece of the jigsaw puzzle, but it is very promising to hit intercepts like these in the first few holes.
The location is close to the 5 Moz Fekola discovery, but the geology seems to be more similar to that of the 11 Moz Loulo project, located 50 km to the NNW. Either way, Oklo has made two new discoveries in a very rich gold province. Drilling is continuing, and with it we will learn how big these could be.
OKU Price at posting:
0.7¢ Sentiment: LT Buy Disclosure: Held