Oklo Resources Ltd (ASX:OKU) has been granted ownership of the majority of its Kandiole Project in Mali by the relevant government authorities.
The 100 square kilometre permit adds to Oklos portfolio in the region, which is nearby to a number of large-scale operating gold mines.
Kandiole is within 10 kilometres of B2Golds operating 7.1-million-ounce Fekola Mine and IAMGolds 2.6-million-ounce Boto Gold Project.
Low-cost auger drilling planned
Desktop studies by Oklo have identified numerous targets within the Kandiole Project which will be evaluated by low cost auger geochemical drilling in the upcoming field season.
Similar reconnaissance auger bedrock geochemistry was instrumental in the identification of the significant bedrock gold discoveries at the nearby Dandoko and Kouroufing Projects.
The acquisition of the project was agreed on May 2018 and part of the agreement will see Oklo issue 791,557 shares to the projects vendor.
Working towards a JORC resource at Seko
The companys primary exploration focus has been at the Seko prospect within its Dandoko Project in Mali.
The most recent assay results from shallow step-out and extensional drilling around the Seko gold system (SK1, SK2, SRead More – Source
