Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
Australia’s Sarama Resources (TSX-V:SWA) completed the sale of its non-core Kandiole Sud exploration property in West Mali to Oklo Resources (ASX:OKU).
In a press release, Sarama said that the final sale took place a year and a half after both companies announced the deal because one of the conditions was to obtain the Kandiole Sud exploration permit in the name of Oklo by the Malian Ministry of Mines. The permit was issued this week.
In addition to obtaining of the licence, the buyer had to made cash and share-based payments in Oklo aggregating A$1 million.
“We are pleased to have concluded the transaction with Oklo Resources and look forward to its continued success in the region and adding further value to Sarama’s holding,” the president of the Subiaco-based company, Andrew Dinning, said in the press brief.
The 116-square
The project lies within the Kenieba Inlier to the east of the regionally significant Senegal-Mali Shear Zone or SMSZ, a structure related to major gold projects including Fekola (7.1Moz), Loulo (12.5Moz), Gounkoto (5.4Moz),
