OKR
Market Cap $11m
Cash at Hand $4m
Only 32m SOI (shares on issue)
AVZ Boss Klaus Eckhof on Board of directors & holding 1m shares and 2.5m performance options
Micheal Langford (SupaNinja) owns 550k shares(1.71% of SOI)
Langford is the main man at AIRGUIDE.
He recommended and took substantial holdings in
PLS @2c
AGY @3c
[email protected]
and still holds.
Havelock Mining Investment are the NO 1 holder who own 14% of SOI
OKR has 2 Priority Leases
Mambasa Gold project, located in the Democratic Republic of Congo, via the entering into an option and joint venture agreement
The Mambasa Project
These two licences were targeted due to the area’s impressive exploration potential within favourable stratigraphic and structural settings, similar to other large-scale gold deposits within the region including AngloGold Ashanti's Geita (20Moz) mine in Tanzania and Loncor Resources Inc's recently defined Makapela (1Moz) and Kilo Gold’s Adumbi (1.3Moz) gold projects. Figure 1.
The Mambasa Project is a brownfields project and contains several historical colonial gold workings and current artisanal gold workings over a 600m length and up to 25m in depth.
Work to be undertaken will include mapping, sampling of outcrops and soil sampling in an effort to define drill targets. Initial indications are positive for the licences given the geological setting; historical production of approximately 1,000kg from the area and the current artisanal activity. Efforts will be concentrated on licence PE364. Additional first pass work will be undertaken on PE480. Figure 2. The main structure being explored contains Kilo Golds 1.3moz defined resource along strike and to the NW.
Crackerjack Gold Project, located in the Kimberley Region of Western Australia, via the acquisition of tenement holder Panex Resources WA Pty Ltd;
The Crackerjack Project
Situated within the first gazetted goldfield in WA, the Crackerjack project is a single licence with many historical mines located within its boundaries. The high grade nature; the geological setting and the sheer number of historical workings within the licence were significant factors in selecting this licence for further work.
Primary gold deposits so far reported in the area are contained within the more strongly sheared and altered mafic volcanics or are hosted within, or proximal to Woodward Dolerite sills, particularly within the upper Biscay Formation/Eastern Greenstones. The intersection of these structures with occasional cross-cutting shears has resulted in dilational zones and lenses enriched in mineralised fluids, thereby creating the higher-grade gold deposits.
Many deposits contain a significant degree of quartz-sericite-calcite propylitisation within the alteration zones. They have also been shown to contain a high proportion of sulphides, which can form a significant base metal anomaly in themselves. Associated sulphides in order of abundance include; Arsenopyrite, Pyrite, Chalcopyrite, Galena and Sphalerite.
Prospectivity within the licence is high with check samples collected by Okapi returning up to 15.7 g/t gold.
Technical teams engaged and briefed to immediately commence work at both projects and the teams scheduled to arrive on site during October 2017 —AWAITING NEWS
Corporate
The cash on hand at end of the quarter was ~$4.6 Million.
The Company completed its ASX listing and IPO capital raising of 25,000,000 ordinary shares at $0.20 per share to raise $5 million (before costs). The allotment having been completed in September 2017.
