Senegal-Mali Shear Zone (SMSZ) is the Hot Spot9 Feb 2021 22:58
https://stockhead.com.au/resources/oklo-resources-reckons-it-has-a-company-maker-on-its-hands-in-mali/
Chesser Resources -
"Auger drilling – an idea Chesser got from fellow ASX explorer Oklo Resources (ASX:OKU) — was a gamechanger for the entire western side of the SMSZ.
In 2019, Chesser discovered ‘Area A’ with impressive intercepts like 21m at 6.62 g/t gold.
But Chesser really caught the market’s attention in July this year with some extremely high-grade gold intercepts in five successive holes at the adjacent Area D, including 10m at 25.1 grams per tonne (g/t) and 48m at 6.7g/t."
Oklo Resources -
Oklo Resources has recently had significant drilling success at its Dandoko project which sits in close proximity to the prolific Senegal-Mali shear zone, host to several large gold mines.
Oklo Resources’ (ASX:OKU) major gold discovery is within 30km of a clutch of major gold mines in Mali, including B2 Gold’s 7.1 million-ounce Fekola mine, and Barrick Gold’s 18 million ounce Loulo Gounkoto mining complex.
“The Birimian rocks that we are exploring are host to tier-one projects, with Barrick Gold’s 18 million-ounce deposits within 30km of us and B2 Gold just to the west of us,” said managing director Simon Taylor.
What we have discovered at Seko is a brand-new discovery which has morphed into our flagship project at Dandoko, with numerous other relatively untested targets still to be explored,” Taylor said.
Seko has the potential for open-pit mining given it is a shallow ore body starting from surface to depths of up to 200m and remains open at depth and along strike. It shows early similarities to B2Gold’s large Anaconda project to the west.
Oklo Resources has a number of high-quality institutional investors, including Blackrock Group holding 11.9 per cent of the company.
Additionally, west Africa-focused gold miner Resolute Mining has a 10.8 per cent shareholding in Oklo.
"West Africa has produced more gold than West Australia over the last few years,” said Taylor.
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