Kobo Resources Continues to Intersect High-Grade Gold Mineralisation at its Kossou Gold Project with 19.0 Metres at 2.82 g/t Au, including 3.7 Metres at 11.82 g/t Au
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Figure 1: KDD001 Drill Hole Location Map with 2023 RC Drill Holes and Trenches (Graphic: Business Wire)
Highlights:
- KDD001: 38.20 metres (“m”) at 1.55 g/t* Au from 61.40 m, including 19.10 m at 2.82 g/t* Au from 61.40 m and 3.70 m at 11.82 g/t Au from 67.30 m
Following the successful trenching and reverse circulation (“RC”) drill program conducted in 2023, the Company initiated its 2024 diamond drill program to confirm mineralisation and test structural controls at the
KDD001 is the first diamond drill hole of the Company's 2024 drill program aimed at further evaluating the north-south trending
Compared to hole KRC009 from the Company’s 2023 RC drill program, results from KDD001 show strong correlation and the continuation of a wide mineralized zone within sheared and altered volcanics of the
Table 1: Summary of KDD001 Drill Hole Results
BHID |
East |
North |
Elev. |
Az. |
Dip |
Depth |
From (m) |
To (m) |
Int. (m) |
Au g/t |
Target |
|
KDD001 |
229019 |
775189 |
352 |
070 |
-50 |
146.50 |
|
42.80 |
43.80 |
1.00 |
6.61 |
Jagger |
|
|
|
|
|
|
|
|
61.40 |
99.60 |
38.20 |
1.55* |
Jagger |
|
|
|
|
|
|
|
incl. |
61.40 |
80.50 |
19.10 |
2.82* |
Jagger |
|
|
|
|
|
|
|
incl. |
67.30 |
71.00 |
3.70 |
11.82 |
Jagger |
|
|
|
|
|
|
|
incl. |
89.40 |
90.60 |
1.20 |
1.72 |
Jagger |
|
|
|
|
|
|
|
incl. |
98.50 |
99.60 |
1.10 |
1.82 |
Jagger |
|
|
|
|
|
|
|
|
110.10 |
120.30 |
10.20 |
0.40 |
Jagger |
Notes:
|
An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.
Sampling, QAQC, and Analytical Procedures
Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Samples are transported to the SGS Côte d’Ivoire facility in
Review of Technical Information
The scientific and technical information in this press release has been reviewed and approved by
About
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Cote d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned
The Company is drilling to unlock the potential size and scale of Kossou within 9+ km strike length of highly prospective gold in soil geochemical anomalies with excellent rock and trench sampling results. The Company completed ~5,900 m of RC drilling and ~5,400 m of trenching in 2023 and has initiated 4,000 – 5,000 m of diamond drilling in 2024. Significant gold mineralisation has been identified at three main targets within a 300 m wide, 2+ km long, pervasively altered structural corridor defining a potentially large mesothermal gold system. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience.
Kobo’s common shares trade on the
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240430290871/en/
For further information:
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com
Twitter: @KoboResources | LinkedIn:
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