Ann: $10 Million Placement to Accelerate Drilling at Dandoko, page-7

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27/07/20

11:55

Post #: 46089254
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Originally posted by Exceller: ↑

And now we know why the cap raise.....From OKLO Website

Dandoko Project
The Dandoko Project covers 134km² within the Kenieba Inlier of West Mali in close proximity to numerous world class gold deposits including B2Gold’s 7.21Moz Fekola gold project 30km to the west and Randgold’s 12.5Moz Loulo Gold Mine 50km to the north-northwest.
Dandoko is underlain by Proterozoic Birimian meta-volcanic and meta-sedimentary sequences. A series of dominant NNE-trending faults, displaced by a second set of ESE-trending faults, have been mapped or interpreted from aeromagnetic data. Oklo considers that the NNE-trending structures are splays emanating from the Senegal-Mali Shear Zone (“SMSZ”), a regional NNW-trending strike-slip fault that plays an important role in controlling gold mineralisation in the region. The SMSZ is extensively mineralised and hosts no fewer than six major gold deposits for an endowment estimated at greater than 40Moz, including Sadiola (13.5Moz) and Loulo (12.5Moz).
Seko Prospect
The Seko prospect is a new discovery by Oklo Resources of five mineralised gold trends with significant gold potential. The prospects were identified after a systematic auger drilling program completed in February 2017 delineated over 6km of anomalous strike length on four trends spaced 500 to 750m apart.
Follow up aircore drilling on an initial 9 traverses returned significant gold in all 5 Seko anomalies including:
54m at 1.37g/t gold from 0m
incl 24m at 2.02g/t gold from 12m
35m at 1.86g/t gold from 55m
incl 15m at 3.02g/t gold from 64m
13m at 2.27g/t gold from 23m
18m at 2.01g/t gold from 55m
Dabia & Sory
Sory drilling returned grades up to 13.3g/t gold and multiple zones of mineralisation including:
14m at 1.31g/t gold from 48m
5m at 2.82g/t gold from 49m
5m at 2.27g/t gold from 14m
44m at 1.37g/t gold from 33m
35m at 1.00g/t gold from 19m
At Dabia drilling returned grades up to 16.0g/t gold and multiple zones of mineralisation including:
15m at 2.05g/t gold from 26m
4m at 5.03g/t gold from 68m
25m at 2.50g/t gold from 65m
9m at 2.66g/t gold from 99m
5m at 4.85g/t gold from 31m
Results confirm Dandoko Gold Corridor as a district scale trend with potential for further discoveries

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Hope so, but...

April 2018 - "accelerate exploration activities at company's Mali gold projects"

Sept 2019 - "continue acceleration activities"

March 2020 - "accelerate drilling at Seko"
OKU Price at posting: 34.8¢ Sentiment: Hold Disclosure: Held
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Ann: $10 Million Placement to Accelerate Drilling at Dandoko, page-7

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