Okapi Resources Limited’s (ASX: OKR, OTCQB: OKPRF) wholly-owned subsidiary Usuran Resources Inc. has received approval for its Notice of Intent (NoI) to Conduct Prospecting application on its Taylor-Boyer deposits within the larger Tallahassee Uranium Project in Colorado, U.S.A.
The approval comes from the Colorado Division of Reclamation, Mining and Safety (DRMS). The approval will allow Okapi to drill up to 18,200m in 60 drill holes; the drilling will be applied to exploration, hydrological testing and geotechnical investigations in order to further the development of the Taylor-Boyer Prospect to a mining decision. The permit is valid through to December 31, 2027.
The next steps for the Tallahassee Uranium Project will be seeking an additional NoI from the DRMS to cover the recently acquired 51% ownership in the Hansen and Picnic Tree deposits and obtaining the Conditional Use Permits (CUPs) as required from Fremont County, Colorado before drilling came commence.
“This is another important milestone for Okapi, as the company continues to progress and advance its uranium projects in North America,” Managing Director, Andrew Ferrier, said.
“Obtaining the initial permit to drill at our 100% owned Taylor-Boyer Prospect within the larger Tallahassee Uranium Project in Colorado provides the opportunity for the company to move forward with exploration and development work in a district known to contain significant Uranium resources.”
Proposed Exploration and Development Programme
Okapi holds a 100% interest in the mineral rights at Taylor-Boyer that covers approximately 7,500 acres; large portions which are still considered to be untested or poorly tested by drilling.
Further work is needed to fully define the boundaries of the prospective mineralised channel or channels. The company believes that there is scope to expand on the existing JORC compliant resource estimate through further exploration.
The approval from DMRS to conduct prospecting activities including drilling has been granted on lands where both the surface and mineral rights are privately owned.
Importantly, Okapi has already obtained a private land access agreement with the surface landowners at the Taylor Ranch and Boyer Ranch that allows access for the permitted drilling activities.
For further information please visit: https://www.okapiresources.com/
