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
OKU Price at posting:
10.0¢ Sentiment: None Disclosure: Held