Drill Rig Secured for Enmore Gold Project Drilling
Perth, June 1, 2021 AEST (ABN Newswire) - Okapi Resources Limited (
ASX:OKR) (26O:FRA) is pleased to advise that drill rig has been secured for the Enmore Gold Project drilling program. An initial 8 to 10 holes are planned for a minimum of 1,000m to evaluate the two priority targets identified at the Sunnyside and Bora Prospects (Figure 1*).
One of the primary aims of the first pass drilling will be to show the potential for the Enmore Gold Project and follow up on some of the historic high grade drill intercepts at the Sunnyside Prospect, including:
- 22m @ 2.66g/t gold from surface,
o including 4m @ 11.94 g/t gold from surface (hole - SP3B),
- 20m @ 1.7 g/t gold from 18m,
o including 4m @ 4.4 g/t Au from 21m (SP24E),
- 2m @ 14.6 g/t gold from 46m (hole SP13E).
The structural setting broadly similar to that observed at the nearby Hillgrove Antimony-Gold Mine (Red River Resources) (ASX:RVR) remains underexplored at the Enmore Gold Project and presents Okapi with a future exploration opportunity to target a similar structural setting.
Okapi's Executive Director, Mr Dave Nour said, "We are very pleased to be able to secure a drill rig especially during this busy period. Preparation work for the drilling has already commenced and drilling is expected to commence immediately after the arrival of the drill rig this week."
*To view figures, please visit:
https://abnnewswire.net/lnk/4EON263S
About Okapi Resources Limited
Okapi Resources Limited (ASX:OKR) recently acquired a portfolio of advanced, high grade uranium assets located in the United States of America and in the Athabasca Basin, Canada.
Assets include a strategic position in one of the most prolific uranium districts in the USA - the Tallahassee Creek Uranium District in Colorado. The Tallahassee Uranium Project contains a JORC 2012 Mineral Resource estimate of 27.6 million pounds of U3O8 at a grade of 490ppm U3O8 with significant exploration upside. The greater Tallahassee Creek Uranium District hosts more than 100 million pounds of U3O8 with considerable opportunity to expand the existing resource base by acquiring additional complementary assets in the district.
The portfolio of assets also includes an option to acquire 100% of the high-grade Rattler Uranium Project in Utah, which includes the historical Rattlesnake open pit mine. The Rattler Uranium Project is located 85km from the White Mesa Uranium Mill, the only operating conventional uranium mill in the USA hence provides a near term, low-capital development opportunity.
In January 2022, Okapi acquired a portfolio of high-grade exploration assets in the world's premier uranium district, the Athabasca Basin. The Athabasca Basin is home to the world's largest and highest-grade uranium mines.
Okapi's clear strategy is to become a new leader in North American carbon-free nuclear energy by assembling a portfolio of high-quality uranium assets through accretive acquisitions and exploration.
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