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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Gold & silver

Okapi Resources intersects ‘encouraging lithologies’ in first two drill holes at Enmore Gold Project

Given the encouraging lithologies intersected, both the holes were drilled significantly deeper than originally planned at 260 metres and 208 metres respectively.

Okapi Resources Ltd (ASX:OKR) has completed the first two diamond drill holes at its Enmore Gold Project in New South Wales, with both the holes intersecting “encouraging lithologies”.

Drill holes OKDD001 and OKDD002 at the Sunnyside Prospect have intersected potential zones of mineralisation including highly altered siltstone and granite with multiple phases of quartz and minor carbonate veining.

Further, numerous faults and shear zones have been intersected all of which contain elevated levels of sulphide mineralisation.

Example of a prominent zone of potential mineralisation OKDD002, 165.5 metres.

Given the encouraging lithologies intersected, both the holes were drilled significantly deeper than originally planned at 260 metres and 208 metres respectively.

Drilling will continue at the Sunnyside Prospect where gold mineralisation is open at depth and present over 400 metres of strike.

Location of the Enmore Gold Project.

The drill program will also be testing the Sherwood Prospect on the Bora Fault, one of the more interesting regional targets at the Enmore Gold Project.

Core is currently being cut and sampled in preparation for analysis at ALS Global, a certified laboratory specialising in minerals with a facility located in Brisbane, QLD.

The current expectation is that Okapi will receive its first batch of assay results by the end of September 2022.

Uranium exploration in Canada

Last week, Okapi kicked off an extensive maiden field exploration program at the Newnham Lake and Perch Uranium projects in the Athabasca Basin of Canada.

The exploration program aims to prioritise drill targets for testing in the Athabasca Basin during winter 2023.

The program will consist of prospecting, outcrop and boulder sampling with potential soil and vegetation sampling to help identify favourable structural scenarios suitable for hosting uranium mineralisation.

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