Completion of Drilling Program at Enmore Gold Project
Perth, July 19, 2021 AEST (ABN Newswire) - Okapi Resources Limited (
ASX:OKR) (26O:FRA) is pleased to announce the completion of a reverse circulation (RC) drilling program at the Enmore Gold Project, located in north eastern NSW. The drilling program comprised ten holes for 1,257m over the Sunnyside and Bora Prospects (Figure 1*).
The majority of the holes are being drilled at the Sunnyside Prospect, with two holes drilled at the Bora Prospect. One of the primary aims of the first pass drilling is to test the depth extent of shallow mineralisation reported from historic drilling at the two priority prospects. Despite extensive historic drilling at Enmore, there is limited deeper drilling with high gold grades associated with quartz veins and breccias previously returned in several deeper holes.
All samples are currently being prepared for assaying with assay results expected shortly.
Okapi's Executive Director, Mr David Nour said, "We are very pleased to now have this initial drilling program completed with results expected to provide an important assessment on the potential of the project. Credit to the exploration team who managed to complete this drilling program in wet and difficult conditions. We expect the assay results shortly."
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/8036145X
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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