The Kouroufing Project covers an area of approximately 90km2 within the Kenieba Inlier to the east of the regionally significant Senegal Mali Shear Zone (“SMSZ”) over a tract of unexplored Proterozoic Birimian greenstones with identified northeast-trending structures in a comparable geological setting to the 12km-long, northeast-trending gold corridor at the Company’s nearby Dandoko Project.
Oklo, through reconnaissance auger geochemical drilling, has outlined a 6km-long gold corridor at Central Zone with grades of up to 14.40g/t gold and best composite drill intersections of 8m at 14.35g/t gold, 5m at 2.18g/t gold and 15m at 1.25g/t gold.
Further auger drilling was successful in outlining the prominent Kome gold target in the southeast of the Project, with peak composite grades of 6.32g/t gold, 3.32g/t gold and 1.20g/t gold. First pass AC, RC and DD drill hole results received to date from the Kouroufing Project have confirmed a second bedrock gold discovery at the project.
Kossaya and Sari
The Company has exercised two options held over the Kossaya and Sari Projects increasing its ownership from 65% to 100%.
First pass reconnaissance auger geochemical drilling (925 holes for 12,261m) has been completed over portions of the Kossaya and Sari Projects located to the immediate north of the Kouroufing Project.
The auger holes were drilled to an average hole depth of 14m at 100m centres along 400m spaced lines. Three composite samples of variable thickness were collected from each hole representing the laterite, transition and saprolite horizons.
The results have defined a series of north-south trends with significant composite grades including: 7m at 4.29g/t gold, 5m at 0.53g/t gold, 4m at 0.61g/t gold and 5m at 0.59g/t gold that warrant infill drilling.
Both Projects are strategically located within 5km of the Company’s flagship Dandoko Project in west Mali and consolidates full ownership of Oklo’s approximate 505km2 land package in this emerging world-class gold province of west Mali.