Further drilling confirms additional, strong
gold mineralization at Jagger Zone at depth, supporting potential
expansion and continuity of this prospective gold target
Kobo Resources Inc. ("Kobo” or the "Company")
(TSX.V: KRI) is excited to report strong gold intercepts
from the Jagger Zone at its 100%-owned Kossou Gold Project in Côte
d’Ivoire. Results from four additional diamond drill holes confirm
continued gold mineralization at depth on this prospective target,
supported by significant intercepts of 2.0 metres (“m”) at
15.99 g/t Au* (eastern margin of the Kadie Zone), 8.0 m at 3.72 g/t
Au and 14.0 m at 1.53 g/t Au.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241029881339/en/
Figure 1: Jagger Zone Drill Results and
Collar Location Map (Graphic: Business Wire)
- Every drill hole intersected significant gold mineralisation
at depth
- KDD0027 – 2.0 m at 5.92 g/t Au from 186.0 m and
11.0 m at 0.85 g/t Au from 196.0 m, including 8.0 m at
1.09 g/t Au from 196.0 m
- KDD0028 – 2.0 m at 15.99 g/t Au* from 8.0 m
(eastern margin of the Kadie Zone), 14.0 m at 1.53 g/t Au
from 169.0 m, including 9.0 m at 2.26 g/t Au from 174.0 m
and 12.0 m at 0.71 g/t Au from 220.0 m and 8.0 m at 3.72
g/t Au from 313.0 m, including 2.0 m at 8.31 g/t Au from
315.0 m
- KDD0029 – 6.0 m at 1.52 g/t Au from 127.0 m and
6.0 m at 1.48 g/t Au from 194 m
- KDD0030 – 5.0 m at 2.24 g/t Au from 179.0 m
- Base Camp nearing completion at Kossou, with plans to
mobilize a second drill in the coming weeks to accelerate the 2024
diamond drill program
Edward Gosselin, CEO and Director of Kobo commented: “Our latest
diamond drill results continue to underscore the strength of the
Jagger Zone, with mineralisation showing the potential for
continuity at depth. Recent drilling has yielded solid intercepts,
including 8.0 metres at 3.72 g/t Au, and 14.0 metres at 1.53 g/t
Au, confirming the expanding and high-grade potential of this
target. In addition, we intersected a notable 2.0 m at 15.99 g/t Au
along the eastern margin of the Kadie Zone, further highlighting
the potential for higher grade mineralization in this area.” He
continued: “As we near completion of our base camp and prepare to
mobilize a second drill, we are well-positioned to accelerate the
pace of our diamond drill program for the remainder of 2024. We are
excited by the progress made to date and look forward to unlocking
more value at the Kossou Gold Project for our shareholders.”
Drilling at the Jagger Zone continues to target its core, with
recent results confirming strong down-dip continuity of gold
mineralization along the well-defined Jagger Shear Zone. These
results support the potential for further expansion of this
prospective target. Complete drill result details are provided in
Table 1.
Diamond drill hole KDD0027, targeting section JZ650 of
the Jagger Zone (see Figure 1 and 2), intersected multiple
mineralized zones, including 2.0 m at 5.92 g/t Au from 8.0 metres
and 11.0 m at 0.85 g/t Au from 196.0 m, with 8.0 m at 1.09 g/t Au.
The deepest intercepts, approximately 165 m below surface, confirm
the continuity of mineralization and alteration seen in the
Company’s previous, shallower drilling, further reinforcing a
continuation of mineralisation at depth.
Diamond drill hole KDD0028 was drilled to test the depth
extension on Jagger Zone section JZ600 (see Figure 3) and
successfully intersected key mineralized zones, consistent with the
Company’s previous drilling efforts in this area. Highlighted
intercepts include 2.0 metres at 15.99*g/t Au* from 8.0 m,
confirming gold mineralization at the easternmost extent of the
Kadie Zone, located west adjacent to the Jagger Zone target.
Additional drilling is planned in this area as part of the ongoing
diamond drilling campaign. Other significant intercepts include
14.0 m at 1.53 g/t Au from 169.0 m, with a higher-grade zone of 9.0
m at 2.26 g/t Au from 174.0 m, and 12.0 m at 0.71 g/t Au from 220.0
m. Two smaller zones, 2.0 m at 1.50 g/t Au and 2.0 m at 1.86 g/t
Au, represent the main Jagger Shear structure as defined in
previous drilling. These intercepts confirm the continuity of the
Jagger Shear Zone and align well with the results reported from
KDD0023 (see press release dated August 13, 2024).
Diamond drill hole KDD0028 was extended to a depth of 347.45 m
to follow up on two mineralized zones previously drilled in
KDD0023, located approximately 50 m east of the defined Jagger
Shear Zone. These zones are considered part of a parallel structure
of interest. This strategy was validated with a strong intercept of
8.0 m at 3.72 g/t Au from 313.0 m, including 2.0 m at 8.31 g/t Au
from 315.0 m (see Image 1 for visible shearing in core). This
correlates with a previously untested weak gold-in-soil anomaly,
confirming significant new mineralization that will be followed up
in the ongoing drilling campaign. The near right angle intercept of
the shear zone structures indicate that drilling is well oriented
with respect to the primary Jagger Shear Zone.
Results from diamond drill hole KDD0029 on Jagger Zone
section JZ550 and diamond drill hole KDD0030 on section
JZ500 continue to demonstrate broad zones of strong gold
mineralization within the Jagger Shear Zone. Notably,
KDD0030 shows strong correlation with previous reverse
circulation (“RC”) drilling from the 2023 program, further
confirming that the zone remains open to the north.
Drilling at the Jagger Zone remains ongoing, with current focus
on structures south of section JZ700, where results from several
holes are pending.
Table 1: Summary of Significant Diamond Drill Hole
Results
BHID
East
North
Elev.
Az.
Dip
Depth
From (m)
To (m)
Int. (m)
Au g/t
Target
KDD0027
228893
775196
388
70
-50
329.45
186
188
2
5.92
Jagger
196
207
11
0.85
Jagger
incl.
196
204
8
1.09
Jagger
224
226
2
0.90
Jagger
243
246
3
0.33
Jagger
BHID
East
North
Elev.
Az.
Dip
Depth
From (m)
To (m)
Int. (m)
Au g/t
Target
KDD0028
228901
775253
380
70
-50
347.45
8
10
2
15.99*
Jagger
150
154
4
0.62
Jagger
159
161
2
0.91
Jagger
169
183
14
1.53
Jagger
incl.
174
183
9
2.26
Jagger
incl.
178
180
2
6.88
Jagger
202
203
1
10.80
Jagger
220
232
12
0.71
Jagger
incl.
223
225
2
1.50
Jagger
incl.
229
231
2
1.86
Jagger
243
244
1
5.05
Jagger
249
251
2
0.91
Jagger
313
321
8
3.72
Jagger
incl.
315
317
2
8.31
Jagger
BHID
East
North
Elev.
Az.
Dip
Depth
From (m)
To (m)
Int. (m)
Au g/t
Target
KDD0029
228910
775309
360
70
-50
311.45
22
24
2
0.77
Jagger
127
133
6
1.52
Jagger
incl.
127
130
3
2.86
Jagger
153
155
2
1.26
Jagger
194
200
6
1.48
Jagger
206
210
4
1.44
Jagger
279
282
3
1.33
Jagger
BHID
East
North
Elev.
Az.
Dip
Depth
From (m)
To (m)
Int. (m)
Au g/t
Target
KDD0030
228974
775386
322
70
-50
323.45
48
56
8
0.98
Jagger
104
106
2
0.37
Jagger
122
127
5
0.47
Jagger
179
184
5
2.24
Jagger
199
203
4
1.00
Jagger
221
223
2
2.42
Jagger
Notes:
- Intervals are reported >0.30 g/t Au over minimum 2.0 m, with
no more than 3 m of continuous internal dilution except where
indicated
- * Cut off using 2.0 m at 0.25 g/t Au
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.
2024 Diamond Drill Program: Progress Update
The Company has drilled 2,482 m to date as part of its 10,000 m
diamond drilling program at the Kossou Gold Project in 2024, which
is targeting key zones including Jagger, Road Cut, Kadie, and the
Contact Zones. Construction of the Company’s new base camp at
Kossou is nearing completion, which will further support the
efficiency of ongoing operations as it mobilizes a second drill to
accelerate the pace of the 2024 drilling campaign.
As the Company continues to progress with its exploration
efforts, drilling is proceeding south of the reported results to
further extend gold mineralisation. Additional holes are also
planned north of the current drill area. The rig will then move to
selected targets on the Road Cut Zone and Kadie Zone to follow-up
on previously reported results from the 2023 RC program and the
first stage of the 2024 diamond drill program. The Contact Zone
will also be tested with diamond drilling as part of the current
program. Additional results are expected in the coming weeks.
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 Yamoussoukro by Kobo personnel where the
entire sample was prepared for analysis (prep code PRP86/PRP94).
Sample splits of 50 grams were then analysed for gold using 50g
Fire Assay as per SGS Geochem Method FAA505. QAQC procedures for
the drill program include insertion of a certificated standards
every 20 samples, a blank every 20 samples and a duplicate sample
(split of the 1 m original sample) every 20 samples. All QAQC
control samples returned values within acceptable limits.
Review of Technical Information
The scientific and technical information in this press release
has been reviewed and approved by Paul Sarjeant, P.Geo., who is a
Qualified Persons as defined in National Instrument 43-101. Mr.
Sarjeant is the President and Chief Operating Officer and Director
of Kobo.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with
a compelling new gold discovery in Côte 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
Kossou Gold Project is located approximately 20 km northwest of the
capital city of Yamoussoukro and is directly adjacent to one of the
region’s largest gold mines with established processing
facilities.
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,
as well as drill results. 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 orogenic gold system. In 2023, the Company completed
approximately 5,900 meters of reverse circulation (RC) drilling and
5,400 meters of trenching, alongside 4,368 meters of diamond
drilling in 2024. Moving forward, the Company is conducting an
additional 10,000 meters of core diamond drilling during the
remainder of 2024 at key targets at the Kossou Gold Project. The
Company also plans on additional exploration on its Kotobi Permit
and pending approval for over 600 km2 of prospective ground as part
of its strategic efforts to expand its footprint in Côte
d'Ivoire.
Kobo remains committed to identifying and developing new
opportunities to enhance its land position and growth in the
region. 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 TSX
Venture Exchange under the symbol "KRI”. For more information,
please visit www.koboresources.com.
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
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/20241029881339/en/
For further information: Edward Gosselin Chief Executive Officer
and Director 1-418-609-3587 ir@kobores.com
Kobo Resources (TSXV:KRI)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Kobo Resources (TSXV:KRI)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024