Kobo Resources Reports Final Gold Assay Results from its Initial Diamond Drill Program Highlighted by 14 m at 2.91 g/t Au and 6 m at 5.47 g/t Au from the Jagger Zone
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Figure 1: Jagger and Kadie Zones Drill Hole Collar Location Map (Graphic: Business Wire)
Highlighted Diamond Drill Results:
-
KDD0021:
- 3.0 m at 3.91 g/t Au from 151.0 m
- 14.0 m at 2.91 g/t Au from 183.0 m, including 10.0 m at 3.96 g/t Au from 183.0 m and 3.0 m at 8.35 g/t Au from 190.0 m
-
KDD0022:
- 6.0 m at 5.47 g/t Au from 123.0 m, including 1.0 m at 30.90 g/t Au from 126.0 m
-
KDD0023:
- 4.0 m at 2.79 g/t Au from 92.0 m, including 1.0 m at 9.51 g/t Au from 93.0 m
-
KDD0024:
- 2.0 m at 3.95 g/t Au from 17.0 m
- 7.0 m at 1.91 g/t Au from 64.0 m, including 2.0 m at 5.76 g/t Au from 70.0 m
Results for the final three diamond drill holes, KDD0021, KDD0022 and KDD0023, were received for the
Drill hole KDD0021 was targeting extension of gold mineralisation beneath trenches KTR030 and KTR030a, diamond drill hole KDD0001 (19.1 m at 2.82* g/t Au from 61.4 m) and previous results from RC holes KRC008 (13.0 m at 0.72 g/t Au from 15.0 m) and KRC009 (48.0 m at 1.03 g/t Au* from 69.0 m, including sub-intervals of 13.0 m at 1.70 g/t Au from 69.0 m and 15.0 m at 1.37 g/t Au from 87.0 m) (see press release dated
Geological interpretation of the diamond drill holes on section JZ 700 (see Figure 2) shows multiple north striking shear zones (
Based on the geology and structures measured in oriented drill core, the upper intercept in KDD0021 correlates with the intersection in KDD0001 of 19.1 m at 2.82* g/t Au. The strong intercept at 183.0 m of 14.0 m at 2.91 g/t Au in KDD0021 correlates with the lower grade intercept of 10.2 m at 0.40 g/t Au previously reported in KDD0001. The higher-grade gold zones are associated with distinct “V2” style quartz-carbonate veins. Geological logging of drill core indicate the shear zones pinch and swell down dip and along strike and contact relationships suggest a southernly plunge to the intersection of the north-south trending main brittle/ductile shear zones and west-northwest V2 vein sets. The exploration potential remains high as the mineralised shear remains open in all directions.
Drill holes KDD0022 and KDD0023 were drilled approximately 50 m and 100 m north of KDD0021 and both intersected multiple shear zones hosting gold mineralisation with evidence of cross-cutting V2 vein sets to similar depths reported in KDD0021.
In KDD0022 a mineralised zone of 6.0 m at 5.47 g/t Au was intersected at 123 m down hole within a well-developed shear zone with a 1.0 m intercept grading 30.90 g/t Au. This high-grade result is correlated with a V2 vein set and the length of gold mineralisation (19.0 m at 0.77 g/t Au from 170.0 m) illustrates that broad zones of gold mineralisation occur with the Jagger Shear. Several +1 g/t Au zones including 5.0 m at 1.17 g/t Au are located within this zone.
In KDD0023 there are several mapped shear zones with gold mineralisation including key intercepts of 4.0 m at 2.79 g/t Au, including 1.0 m at 9.51 g/t Au from 92.0 m, 5.0 m at 1.19 g/t Au from 126.0 m, 3.0 m at 1.49 g/t Au from 180.0 m and 2.0 m at 3.34 g/t Au from 274.0 m. These zones and other wide zones of gold mineralisation demonstrate the important potential of the
The final two drill holes, KDD0024 and KDD0025 were drilled at the
Diamond drill hole KDD0020, drilled 50 m north of KDD0012, intersected significant shearing but yielded only 2.0 m at 0.30 g/t Au from 48.0 m.
Upcoming Diamond Drilling Program Set to Begin in
With the completion of its initial diamond drill program, the Company is currently evaluating all exploration results. It is planning to restart drilling on or around
Table 1: Summary of Drill Results
BHID |
East |
North |
Elev. |
Az. |
Dip |
Depth |
|
From
|
To
|
Int.
|
Au
|
Target |
KDD0019 |
228549 |
776242 |
215 |
70 |
-50 |
104.45 |
|
3.0 |
7.0 |
4.0 |
0.42 |
RCZ |
|
|
|
|
|
|
|
|
99.0 |
104.5 |
5.45 |
0.88 |
RCZ |
|
|
|
|
|
|
|
incl. |
99.0 |
100.0 |
1.0 |
2.44 |
RCZ |
KDD0020 |
228517 |
776337 |
221 |
70 |
-50 |
104.45 |
|
48.0 |
52.0 |
4.0 |
0.30 |
RCZ |
KDD0021 |
228952 |
775165 |
370 |
70 |
-50 |
245.45 |
|
48.0 |
52.0 |
4.0 |
0.30 |
Jagger |
|
|
|
|
|
|
|
|
138.0 |
139.0 |
1.0 |
7.76 |
Jagger |
|
|
|
|
|
|
|
|
151.0 |
154.0 |
3.0 |
3.91 |
Jagger |
|
|
|
|
|
|
|
|
183.0 |
197.0 |
14.0 |
2.91 |
Jagger |
|
|
|
|
|
|
|
incl. |
183.0 |
193.0 |
10.0 |
3.96 |
Jagger |
|
|
|
|
|
|
|
incl. |
183.0 |
185.0 |
2.0 |
6.41 |
Jagger |
|
|
|
|
|
|
|
incl. |
190.0 |
193.0 |
3.0 |
8.35 |
Jagger |
|
|
|
|
|
|
|
incl. |
190.0 |
191.0 |
1.0 |
19.80 |
Jagger |
KDD0022 |
228960 |
775221 |
372 |
70 |
-50 |
299.45 |
|
123.0 |
129.0 |
6.0 |
5.47 |
Jagger |
|
|
|
|
|
|
|
incl. |
126.0 |
127.0 |
1.0 |
30.90 |
Jagger |
|
|
|
|
|
|
|
|
144.0 |
148.0 |
4.0 |
1.39 |
Jagger |
|
|
|
|
|
|
|
|
170.0 |
189.0 |
19.0 |
0.77 |
Jagger |
|
|
|
|
|
|
|
Incl. |
174.0 |
179.0 |
5.0 |
1.17 |
Jagger |
KDD0023 |
228963 |
775276 |
361 |
70 |
-50 |
284.45 |
|
92.0 |
96.0 |
4.0 |
2.79 |
Jagger |
|
|
|
|
|
|
|
incl. |
93.0 |
94.0 |
1.0 |
9.51 |
Jagger |
|
|
|
|
|
|
|
|
109.0 |
117.0 |
8.0 |
0.61 |
Jagger |
|
|
|
|
|
|
|
|
126.0 |
131.0 |
5.0 |
1.19 |
Jagger |
|
|
|
|
|
|
|
|
141.0 |
143.0 |
2.0 |
0.81 |
Jagger |
|
|
|
|
|
|
|
|
146.0 |
148.0 |
2.0 |
0.35 |
Jagger |
|
|
|
|
|
|
|
|
154.0 |
160.0 |
6.0 |
0.57 |
Jagger |
|
|
|
|
|
|
|
|
172.0 |
176.0 |
4.0 |
0.72 |
Jagger |
|
|
|
|
|
|
|
|
180.0 |
183.0 |
3.0 |
1.49 |
Jagger |
|
|
|
|
|
|
|
|
248.0 |
251.0 |
3.0 |
0.96 |
Jagger |
|
|
|
|
|
|
|
|
274.0 |
276.0 |
2.0 |
3.34 |
Jagger |
KDD0024 |
228704 |
775420 |
324 |
70 |
-50 |
143.45 |
|
11.0 |
12.0 |
1.0 |
1.30 |
Kadie 2 |
|
|
|
|
|
|
|
|
17.0 |
19.0 |
2.0 |
3.95 |
Kadie 2 |
|
|
|
|
|
|
|
|
34.0 |
35.0 |
1.0 |
1.58 |
Kadie 2 |
|
|
|
|
|
|
|
|
57.0 |
59.0 |
2.0 |
0.60 |
Kadie 2 |
|
|
|
|
|
|
|
|
64.0 |
72.0 |
7.0 |
1.91 |
Kadie 2 |
|
|
|
|
|
|
|
incl. |
70.0 |
72.0 |
2.0 |
5.76 |
Kadie 2 |
KDD0025 |
228470 |
775411 |
327 |
70 |
-50 |
137.45 |
|
30.0 |
32.0 |
2.0 |
0.80 |
Kadie 3 |
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 currently 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.
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For further information:
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com
X: @KoboResources | LinkedIn:
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