Kobo Resources Reports Significant Gold Intersections at its Kossou Gold Project With 9.0 Metres at 23.89 g/t Au, Including 1.0 Metre at 210.00 g/t Au and 9.0 Metres at 4.27 g/t Au
Completion of First Diamond Drill Program with 25 Holes (4,368 m) to Set the Stage for Next Phase of Exploration
QUEBEC CITY--(BUSINESS WIRE)--Jul. 11, 2024--
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240711367749/en/
Figure 1: Kadie Drill Hole Location Map with 2023 Trenches (Graphic: Business Wire)
Diamond Drill Hole Highlights:
- KDD002: 15.1 m at 1.03 g/t Au from 62.3 m, including 6.3 m at 1.67 g/t Au from 64.8 m
- KDD005: 9.0 m at 23.89 g/t Au from 40.0 m, including 1.0 m at 210.00 g/t from 46.0 m
- KDD012: 11 m at 1.71 g/t Au from 50.0 m
- KDD014: 9.0 m at 4.27 g/t Au from 117.0 m
He continued: “The preliminary assay results across all three zones are highly encouraging, confirming robust gold intercepts with notable high-grade sections as anticipated. This consistency reinforces the reliability of our geological models and strengthens our confidence in Kossou’s prospects. Our upcoming drilling phase, expected in Q3, will focus on expanding our knowledge of the Jagger,
He continued: “Looking ahead, our 2024 drilling program aims to drill between 10,000 and 12,000 m by year-end, aiming to unlock the substantial potential of the
The Company has drilled the first five diamond drill holes at the
The Company completed 15 drill holes totalling 2,320.2 m during its inaugural diamond drill program and has received results for ten of the drill holes to date: KDD0006 to KDD0015 (see Figure 2).
Overall results from the first diamond drill holes are very encouraging with every drill hole intersecting multiple gold bearing shear zones that correlate well with surface information. DDH0012 returned 11.0 m at 1.71 g/t Au from 50.0 m and has confirmed the down dip extension of approximately 25 m to mineralisation reported in a series of trenches on the eastern edge of the RCZ, highlighted by 28.0 m at 4.44 g/t Au and 6.0 m at 2.50 g/t Au (see press released date
Drill hole KDD0014 and KDD0015 both tested the core of the main gold in soil geochemical anomaly at the RCZ and intercepted multiple gold bearing shear zones. Key results for KDD0014 included 7.0 m at 1.04 g/t Au from 13.0 m and 9.0 m at 4.27 g/t Au from 117.0 m (see Photo 1). KDD0015 returned 6.0 m at 2.48 g/t Au, including a subinterval of 1.0 m at 11.60 g/t Au. Results for the final five diamond drill holes are pending and significant results received to date can be found in Table 1.
In addition to the first diamond drill hole, which returned 38.2 m at 1.55 g/t Au (see press release
Table 1: Summary Drill Hole Results
BHID |
East |
North |
Elev. |
Az. |
Dip |
Depth |
From (m) |
To
|
Int. (m) |
Au g/t |
Target |
|
KDD0002 |
228973 |
775332 |
339 |
70 |
-50 |
242.50 |
|
53.0 |
55.0 |
2.0 |
1.09 |
Jagger |
|
|
|
|
|
|
|
|
62.3 |
77.4 |
15.1 |
1.03 |
Jagger |
|
|
|
|
|
|
|
Incl. |
64.8 |
71.1 |
6.3 |
1.67 |
Jagger |
|
|
|
|
|
|
|
Incl. |
74.3 |
77.4 |
3.1 |
1.29 |
Jagger |
|
|
|
|
|
|
|
|
92.0 |
97.0 |
5.0 |
1.16 |
Jagger |
|
|
|
|
|
|
|
Incl. |
94.0 |
95.0 |
1.0 |
4.70 |
Jagger |
|
|
|
|
|
|
|
|
122.0 |
126.0 |
4.0 |
0.57 |
Jagger |
|
|
|
|
|
|
|
|
155.0 |
163.0 |
8.0 |
0.82 |
Jagger |
|
|
|
|
|
|
|
Incl. |
155.0 |
156.0 |
1.0 |
4.04 |
Jagger |
|
|
|
|
|
|
|
|
162.0 |
163.0 |
1.0 |
1.70 |
Jagger |
|
|
|
|
|
|
|
|
170.0 |
171.0 |
1.0 |
1.95 |
Jagger |
KDD0003 |
228813 |
775274 |
368 |
70 |
-50 |
134.45 |
|
46.0 |
48.0 |
2.0 |
0.66 |
Kadie 1 |
|
|
|
|
|
|
|
|
89.0 |
90.3 |
1.3 |
0.60 |
Kadie 1 |
KDD0004 |
228641 |
775451 |
314 |
70 |
-50 |
152.45 |
|
8.0 |
11.0 |
3.0 |
0.42 |
Kadie 2 |
|
|
|
|
|
|
|
|
41.0 |
44.0 |
3.0 |
0.30 |
Kadie 2 |
|
|
|
|
|
|
|
|
99.0 |
101.0 |
2.0 |
1.65 |
Kadie 2 |
KDD0005 |
228428 |
775426 |
338 |
70 |
-50 |
179.45 |
|
40.0 |
49.0 |
9.0 |
23.89 |
Kadie 3 |
|
|
|
|
|
|
|
Incl. |
46.0 |
47.0 |
1.0 |
210.00 |
Kadie 3 |
|
|
|
|
|
|
|
|
95.0 |
97.0 |
2.0 |
2.33 |
Kadie 3 |
|
|
|
|
|
|
|
|
110.0 |
114.0 |
4.0 |
0.68 |
Kadie 3 |
|
|
|
|
|
|
|
Incl. |
110.0 |
111.0 |
1.0 |
1.90 |
Kadie 3 |
KDD0006 |
228511 |
776015 |
275 |
70 |
-50 |
149.95 |
|
41.0 |
43.0 |
2.0 |
1.18 |
RCZ |
|
|
|
|
|
|
|
|
102.0 |
103.0 |
1.0 |
0.94 |
RCZ |
|
|
|
|
|
|
|
|
110.0 |
112.0 |
2.0 |
0.66 |
RCZ |
|
|
|
|
|
|
|
|
124.0 |
125.0 |
1.0 |
0.90 |
RCZ |
KDD0007 |
228391 |
776078 |
288 |
70 |
-50 |
89.45 |
|
14.0 |
15.0 |
1.0 |
0.74 |
RCZ |
|
|
|
|
|
|
|
|
25.0 |
26.0 |
1.0 |
0.90 |
RCZ |
|
|
|
|
|
|
|
|
45.0 |
51.0 |
6.0 |
0.46 |
RCZ |
|
|
|
|
|
|
|
Incl. |
45.0 |
46.0 |
1.0 |
1.22 |
RCZ |
|
|
|
|
|
|
|
|
61.0 |
64.0 |
3.0 |
0.36 |
RCZ |
|
|
|
|
|
|
|
|
72.0 |
77.0 |
5.0 |
0.89 |
RCZ |
|
|
|
|
|
|
|
Incl. |
72.0 |
73.0 |
1.0 |
1.83 |
RCZ |
|
|
|
|
|
|
|
Incl. |
76.0 |
77.0 |
1.0 |
2.12 |
RCZ |
KDD0008 |
228394 |
776132 |
294 |
70 |
-50 |
104.45 |
|
25.0 |
27.0 |
2.0 |
1.22 |
RCZ |
|
|
|
|
|
|
|
|
41.0 |
43.0 |
2.0 |
3.03 |
RCZ |
|
|
|
|
|
|
|
|
74.0 |
77.0 |
3.0 |
1.23 |
RCZ |
|
|
|
|
|
|
|
|
99.0 |
100.0 |
1.0 |
1.19 |
RCZ |
KDD0009 |
228333 |
776376 |
277 |
70 |
-50 |
188.45 |
|
21.0 |
26.0 |
5.0 |
0.47 |
RCZ |
|
|
|
|
|
|
|
|
35.0 |
37.0 |
2.0 |
0.39 |
RCZ |
|
|
|
|
|
|
|
|
57.0 |
60.0 |
3.0 |
0.46 |
RCZ |
|
|
|
|
|
|
|
|
93.0 |
96.0 |
3.0 |
1.22 |
RCZ |
|
|
|
|
|
|
|
|
103.0 |
108.0 |
5.0 |
0.49 |
RCZ |
KDD0010 |
228309 |
776421 |
277 |
70 |
-50 |
194.45 |
|
14.0 |
15.0 |
1.0 |
1.40 |
RCZ |
|
|
|
|
|
|
|
|
38.0 |
41.0 |
3.0 |
0.87 |
RCZ |
|
|
|
|
|
|
|
|
46.0 |
49.0 |
3.0 |
0.34 |
RCZ |
|
|
|
|
|
|
|
|
69.0 |
73.0 |
4.0 |
0.77 |
RCZ |
|
|
|
|
|
|
|
|
103.0 |
104.0 |
1.0 |
1.20 |
RCZ |
|
|
|
|
|
|
|
|
165.0 |
169.0 |
4.0 |
0.47 |
RCZ |
KDD0011 |
228531 |
775969 |
288 |
70 |
-50 |
131.45 |
|
45.0 |
46.0 |
1.0 |
1.30 |
RCZ |
|
|
|
|
|
|
|
|
70.0 |
71.0 |
1.0 |
1.08 |
RCZ |
KDD0012 |
228535 |
776289 |
219 |
70 |
-50 |
116.45 |
|
50.0 |
61.0 |
11.0 |
1.71 |
RCZ |
|
|
|
|
|
|
|
|
69.0 |
72.0 |
3.0 |
0.67 |
RCZ |
KDD0013 |
228435 |
776254 |
266 |
70 |
-50 |
230.45 |
|
45.0 |
46.0 |
1.0 |
1.57 |
RCZ |
|
|
|
|
|
|
|
|
186.0 |
188.0 |
2.0 |
0.68 |
RCZ |
|
|
|
|
|
|
|
|
193.0 |
195.0 |
2.0 |
2.13 |
RCZ |
KDD0014 |
228450 |
776152 |
269 |
70 |
-50 |
242.45 |
|
13.0 |
20.0 |
7.0 |
1.04 |
RCZ |
|
|
|
|
|
|
|
Incl. |
13.0 |
17.0 |
4.0 |
1.63 |
RCZ |
|
|
|
|
|
|
|
|
33.0 |
34.0 |
1.0 |
1.94 |
RCZ |
|
|
|
|
|
|
|
|
46.0 |
47.0 |
1.0 |
1.44 |
RCZ |
|
|
|
|
|
|
|
|
65.0 |
66.0 |
1.0 |
1.12 |
RCZ |
|
|
|
|
|
|
|
|
71.0 |
73.0 |
2.0 |
1.64 |
RCZ |
|
|
|
|
|
|
|
|
85.0 |
90.0 |
5.0 |
0.50 |
RCZ |
|
|
|
|
|
|
|
|
117.0 |
126.0 |
9.0 |
4.27 |
RCZ |
|
|
|
|
|
|
|
|
187.0 |
188.0 |
1.0 |
2.40 |
RCZ |
KDD0015 |
228367 |
776335 |
283 |
70 |
-50 |
191.45 |
|
5.0 |
7.0 |
2.0 |
0.64 |
RCZ |
|
|
|
|
|
|
|
|
12.0 |
14.0 |
2.0 |
1.80 |
RCZ |
|
|
|
|
|
|
|
|
21.0 |
27.0 |
6.0 |
2.48 |
RCZ |
|
|
|
|
|
|
|
Incl. |
26.0 |
27.0 |
1.0 |
11.60 |
RCZ |
|
|
|
|
|
|
|
|
48.0 |
49.0 |
1.0 |
1.29 |
RCZ |
|
|
|
|
|
|
|
|
95.0 |
98.0 |
3.0 |
0.66 |
RCZ |
Notes: |
||||||||||||
Cut off using 2 m at 0.30 g/t Au |
||||||||||||
Intervals are reported with no more than 3m of continuous internal dilution except where indicated * |
|
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
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 completed 4,368 m of diamond drilling to date 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
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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/20240711367749/en/
For further information, please contact:
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com
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