Simon Taylor, managing director of Oklo Resources (ASX: OKU), has acquired 400,000 shares of the company.
The Australia-listed company is advancing its flagship Dandoko gold project in Mali, 30 km east of B2Gold’s (TSX: BTO; NYSE-AM: BTG) Fekola project and 50 km southeast of Barrick Gold’s (TSX: ABX; NYSE: GOLD) Loulo project.
At the end of August, the company reported assay results of 12 reverse circulation (RC) and nine diamond drill holes from Dandoko. Highlights from the project’s SK1 North zone include 23 metres of 2.57 grams gold per tonne from 219 metres downhole, including 6 metres grading 5 grams gold per tonne from 233 metres in one diamond drill hole, and 50 metres of 1.43 grams gold from 200 metres, including 21 metres of 2.20 grams gold in a second diamond drill hole.
Other high-grade results include 18 metres of 9.18 grams gold from 44 metres, including 5 metres of 14.14 grams gold from 45 metres and 2 metres of 40.82 grams gold from 55 metres.
“These final assay results from the highly successful 2020 resource definition drilling program continue to highlight the depth and strike potential of the ~ 3 km long SK1 North – Koko trend,” Taylor said in an Aug. 31 statement. “With the Seko system very much open at depth, planning is well underway for the next phase of drilling with the mobilization of field crews currently scheduled for late September, weather conditions permitting.”
The company plans to release its first resource estimate by year-end. Oklo says it is well-funded with about A$20 million (US$15 million) in available working capital to complete its program, which includes metallurgical test work and early-stage scoping activities.
Dandoko is situated within the Kenieba Inlier of western Mali, and the company currently holds about 505 sq. km of ground there. Oklo says extensive gold anomalies have been outlined by auger drilling along the 12 km long Dandoko gold corridor.