- Okapi Resources (OKR) announces a fresh 1800-metre diamond drilling plan at its Enmore gold project in New South Wales to follow up on some strong gold hits from 2021
- The company says the 2021 drilling work returned “exceptional” results, and the new program will increase the company’s understanding of the area for future drilling work
- The new drilling work is slated to begin before the end of March and will focus on the Sunnsyside East prospect in the Enmore project area
- Managing Director Andrew Ferrier says while Okapi is still focussed on its North American uranium tenements, the Enmore project remains an important asset to the company
- Shares in Okapi Resources are trading grey at 32 cents each at 2:05 pm AEDT
Okapi Resources (OKR) has announced a fresh 1800-metre diamond drilling plan at its Enmore gold project in New South Wales to follow up on some strong gold hits from 2021.
The junior explorer reported “exceptional” results from its maiden drilling program completed in the area during September 2021, with the mineralisation in the area remaining open at depth.
Okapi this morning said the planned upcoming diamond drilling program will add to the structural and lithological information on the project and help the company interpret the control of mineralisation moving forward for future drilling programs.
Drilling at the Sunnyside prospect is slated to begin before the end of March.
Managing Director Andrew Ferrier said while Okapi was still strongly focussed on its North American uranium tenements, the Enmore project remained an important asset to the company.
“The proposed 1800-metre diamond drilling program is focused on the Sunnyside prospect, which generated significant gold intercepts in the last drilling program completed by Okapi in 2021,” Mr Ferrier said.
“The objectives of the additional drilling are to focus on testing the high-grade mineralisation along strike and down dip at Sunnyside East and also to drill at depth beneath the existing near-surface oxide mineralisation at the main Sunnyside prospect.”
As part of its 2021 exploration program in the area, Okapi drilled 10 reverse circulation (RC) holes for 1257 metres across three prospects. The company said each of the 10 holes returned “significant” assay results.
Okapi added that there were 36 mineral occurrences at Enmore identified through historical exploration work in the area, the majority of which have never been tested with modern technology and techniques.
Alongside its NSW gold project, Okapi owns a portfolio of high-grade uranium assets in the US, including tenements in the Tallahassee Creek Uranium District in Colorado. Okapi said this area hosts more than 100 million pounds of triuranium oxide.
Shares in Okapi Resources were trading grey at 32 cents each at 2:05 pm AEDT. The company has a $37 million market cap.