Kobo Resources Reports Significant Gold Intersections of 5.0 Metres at 4.30 g/t Au, including 1.0 Metre at 20.00 g/t Au and 2.0 Metres at 7.26 g/t Au at its Kossou Gold Project
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240718955214/en/
Figure 1: Road Cut Zone Diamond Drill Hole Location Map (Graphic: Business Wire)
Diamond Drill Hole Highlights:
- KDD0016: 2.0 metres (“m”) at 7.26 g/t Au from 75.0 m
- KDD0017: 5.0 m at 4.30 g/t Au from 178.0 m, including 1.0 m at 20.00 g/t Au from 178.0 m
- KDD0018: 11.0 m at 1.13 g/t Au from 54.0 m, including 3.0 m at 3.11 g/t Au from 62.0 m and 3.0 m at 1.93 g/t Au from 104.0 m, including 1.0 m at 5.10 g/t Au from 104.0 m
He continued: “These findings support our previous 2023 drill results and strengthen our confidence in the project's overall potential, laying the groundwork for future diamond drilling initiatives. Our exploration efforts in Côte d'Ivoire continue to return strong gold assay results and we look forward to initiating a second round of diamond drill this year.”
Road Cut Zone Diamond Drill Results Overview
The Company has received results for three additional holes (see Figure 1) at the
KDD0017 tested the northern portion of the gold in soil geochemical anomaly at the RCZ, verifying previous results from RC drill holes KRC0040 (12.0 m at 1.49 g/t Au) and KRC0041 (10.0 m at 1.33 g/t Au) (see press release dated
See Table 1 for detailed intercepts from the three RCZ diamond drill holes reported herein Assay results from the two remaining diamond drill holes at the RCZ, as well as the remaining diamond drill holes at the
Table 1: Summary Drill Hole Results
BHID |
East |
North |
Elev. |
Az. |
Dip |
Depth |
From (m) |
To (m) |
Int. (m) |
Au g/t |
Target |
|
KDD00016 |
228530 |
775916 |
298 |
70 |
-50 |
110.45 |
|
11.0 |
13.0 |
2.0 |
1.73 |
RCZ |
|
|
|
75.0 |
77.0 |
2.0 |
7.26 |
RCZ |
|||||
|
|
|
89.0 |
91.0 |
2.0 |
1.44 |
RCZ |
|||||
|
|
|
|
|
|
|
|
101.0 |
103.0 |
2.0 |
0.72 |
RCZ |
KDD0017 |
228260 |
776562 |
289 |
70 |
-50 |
227.45 |
|
5.0 |
6.0 |
1.0 |
1.54 |
RCZ |
|
|
|
101.0 |
105.0 |
4.0 |
1.37 |
RCZ |
|||||
|
|
|
117.0 |
119.0 |
2.0 |
3.37 |
RCZ |
|||||
|
|
|
127.0 |
128.0 |
1.0 |
1.27 |
RCZ |
|||||
|
|
|
178.0 |
183.0 |
5.0 |
4.30 |
RCZ |
|||||
|
|
|
|
|
|
|
incl. |
178.0 |
179.0 |
1.0 |
20.00 |
RCZ |
KDD0018 |
228545 |
775867 |
299 |
70 |
-50 |
134.45 |
|
27.0 |
32.0 |
5.0 |
0.69 |
RCZ |
|
|
|
|
|
|
|
|
54.0 |
65.0 |
11.0 |
1.13 |
RCZ |
|
|
incl. |
62.0 |
65.0 |
3.0 |
3.11 |
RCZ |
|||||
|
|
|
104.0 |
107.0 |
3.0 |
1.93 |
RCZ |
|||||
|
|
|
|
|
|
|
Incl. |
104.0 |
105.0 |
1.0 |
5.10 |
RCZ |
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
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
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/20240718955214/en/
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com
Twitter: @KoboResources | LinkedIn:
Source: