- Okapi Resources (OKR) completes soil sampling on the newly granted E63/2039 tenement in Western Australia
- Granted in May, the tenement was applied for to cover an interpreted structural target area with a gold-in-soil anomaly
- Samples from the soil sampling program gave been submitted for assay in Perth and results are expected within weeks
- Once received, Okapi will use the results to confirm historical results and better define drill targets
- Okapi is steady on the market with shares trading at 21 cents at 2:06 pm AEST
Okapi Resources (OKR) has completed a soil sampling program on the newly granted E63/2039 tenement in Western Australia.
Tenement E63/2039 is part of the Maggie Hays Hill Project which is situated roughly 450 kilometres east of Perth and lies adjacent to Okapi’s Mount Day Project.
While Maggie Hays Hill is held in a joint venture with Lithium Australia (LIT), Okapi will own 100 per cent of the new tenement.
Samples have been submitted for assay in Perth and once received the results will allow for greater perspective on the mineralisation.
Results are expected within weeks and Okapi will use them to confirm historical results and better define drill targets.
Okapi applied for tenement E63/2039 to cover an interpreted structural target area with a gold-in-soil anomaly.
It was granted the tenement in May with the company stating it planned to undertake detailed geological mapping and infill soil programs.
Additionally, the tenement contains the historical Maggie Hays Hill gold workings which has returned up to 11.04 grams of gold per tonne (g/t).
Okapi was steady on the market with shares trading at 21 cents at 2:06 pm AEST.