Oklo Resources targets maiden gold resource in quarter one 2021

Oklo Resources Ltd (ASX:OKU) expects its maiden mineral resource estimate (MRE) at Seko within its flagship Dandoko Gold Project in Mali to be released in quarter one 2021.

The company commenced an initial 15,000 metres drilling program in late October with three drill rigs to predominantly target the 3 kilometre-long SK1 North to Koko trend at Seko, which remains open at depth and along strike.

One rig has been fully operational since the commencement of the program, however, the second rig has experienced ongoing mechanical issues whilst mobilisation of the third rig from the Ivory Coast and clearance through customs were delayed.

As such the setback in drilling progress will push the expected completion of the MRE into quarter one 2021, subject to the timely receipt of assay results over the Christmas-New Year period.*"All three drill rigs now operational"*

The drilling program is now progressing satisfactorily, with all three rigs fully operational and working on double shifts to increase the daily meterage rate.

Oklo Resources managing director, Simon Taylor said: "We are pleased that all three drill rigs are now fully operational with our in-country team and drilling contractors working double shifts to make good this unfortunate setback.

"We look forward to announcing further updates and a steady stream of positive drilling results as they come to hand."