https://www.miningweekly.com
Exploration|Gold|PROJECT|Projects|Resources|Drilling
Exploration|Gold|PROJECT|Projects|Resources|Drilling
exploration|gold|project|projects|resources|drilling

Okapi makes a move on Enmore

13th January 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Okapi Resources will proceed with the acquisition of the Enmore gold project, in New South Wales, after completing a successful due diligence.

The junior in December announced a heads of agreement under which it would acquire the gold project for a A$75 000 cash payment and the issue of A$200 000 worth of shares.

The company would make a further A$300 000 cash or share payment to the project vendor after having conducted a minimum of 1 000 m or reverse circulation drilling or spending no less than A$200 000 on the tenement.

A further A$400 000 in cash or shares will become payable after Okapi defines a Joint Ore Reserves Committee-compliant resource of no less than 100 000 oz of gold equivalent, at greater than 1.5 g/t gold.

The Enmore project hosts two advanced walk-up drill targets, as well as a number of high quality exploration targets, Okapi said on Wednesday.

“The drill-ready and high-grade nature of these exciting gold projects has justified Okapi in taking the next step forward with the Enmore project,” said executive director Andrew Shearer.

“Planning is well under way now to complete the 1 000 m drilling and A$200 000 exploration programme as part of Milestone One, allowing Okapi to make a decision to continue with the staged acquisition of the project.

Edited by Creamer Media Reporter

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.111 0.146s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: