Kobo Resources Inc. (“Kobo” or the “Company”)
(TSX.V: KRI) is pleased to report the discovery of new high-grade
gold mineralisation at the Company’s 100%-owned Kossou Gold Project
(“Kossou”) following additional trenching at its Road Cut
Zone (“RCZ”) target. The Company is also pleased to report
positive results from detailed soil geochemistry work at the Kadie
Zone.
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Figure 1: RCZ Compilation Map Showing
Trenches KTR075 to KTR087 (Graphic: Business Wire)
Edward Gosselin, CEO and Director of Kobo commented: “It is
extremely encouraging that our ongoing exploration activities at
Kossou continue to reveal additional mineralized shear zones,
further demonstrating the significant exploration potential of this
project as we have been active to date on an area representing
approximately 15% of the whole license. Following recent drill road
access work, the Company has uncovered another mineralised shear
zone just west of the known RCZ geochemical anomaly. Preliminary
work suggests the new shear zone is structurally similar to the
primary RCZ and Jagger drill targets, appears to correlate well
with drill hole KRC044 that returned several strong mineralised
intercepts and compares favourably to other trench results at the
RCZ.”
He continued: “Our ongoing exploration efforts at the Kadie Zone
continue to yield positive results for the Company. Following
recent detailed infill soil geochemistry work on this target, we
have defined a subparallel shear zone with gold in soil results of
up to 104 g/t Au indicating a strong NW-SE trending gold anomaly.
We intend to continue our strategy of utilizing soil geochemistry
to guide our exploration initiatives going forward with the goal of
identifying additional mineralisation, which has proven to be an
effective method of initial discovery thus far. Results from our
recent exploration efforts remain very impressive as the property
continues to deliver and our team looks forward to initiating the
Company’s diamond drilling program in the coming months.”
RCZ Trench Result Highlights
- KTR082: 2.76 g/t Au over 22.0 metres (“m”), including 22.36
g/t Au over 2.0 m
- KTR084: 1.49 g/t Au over 10.0 m, and 15.80 g/t Au over 1.0
m
- KTR086: 8.56 g/t Au over 5.0 m, including 12.61 g/t Au over
3.0 m
The Company has uncovered another NNW-SSE trending shear zone
which parallels the primary RCZ previously drilled and trenched
during recent drill road access work at Kossou. The drill road was
put in place to gain access to the main RCZ primary drill target
and lies just to the west of the known gold in soil geochemical
anomaly (See Figure 1). Preliminary trench mapping indicates a
similar structural environment to that of the primary RCZ drill
target and these new trenches lay within the 300+ m wide and 2+ km
long structural corridor previously identified by the Company’s
Structural Geology Consultant, Dr. Tourigny in 2023. A series of
E-W and WNW-ESE trending high-grade quartz veins crosscut the
dominant NNW trending mineralised shear zone, contributing to
high-grade gold values within the dominant shear zones. This new
zone appears to correlate well with drill hole KRC044 to the north
that returned several strong mineralised intercepts including
2.94 g/t Au over 9.0 m (88 to 97 m), including subintervals
of 4.48 g/t Au over 5 m (92-97 m) and 10.41 g/t Au over 2
m (95-97 m); all drill intercepts represent downhole lengths
and not true widths (see press release dated August 14, 2023).
These results affirm the Company’s belief that the RCZ is a
priority target for the upcoming diamond drill program in Q1 2024.
Full assay results from all trenches are provided in Table 1.
Trench
From (m)
To (m)
Int. (m)
Au g/t
Target
KTR075
0.0
4.0
4.0
0.60
RCZ
KTR076
0.00
3.00
3.00
1.22
RCZ
KTR077
0.00
4.50
4.50
3.30
RCZ
Incl.
0.00
2.00
2.00
5.47
KTR078
0.00
1.00
1.00
3.10
RCZ
KTR079
3.00
4.00
1.00
2.10
RCZ
KTR080
1.00
2.40
1.40
3.01
RCZ
KTR081
0.00
2.00
2.00
1.67
RCZ
KTR082
2.00
24.00
22.00
2.76*
RCZ
Incl.
6.00
8.00
2.00
22.36
KTR083
11.00
13.00
2.00
0.72
RCZ
20.00
24.00
4.00
1.41
30.00
34.00
4.00
1.74
KTR084
18.00
21.00
3.00
0.64
RCZ
23.00
33.00
10.00
1.49
44.00
45.00
1.00
15.80
KTR085
20.00
24.00
4.00
0.65
RCZ
KTR086
1.00
8.00
7.00
1.32
RCZ
11.00
14.00
3.00
1.03
22.00
25.00
3.00
0.35
33.00
38.00
5.00
8.56
Incl.
33.00
36.00
3.00
12.61
KTR087
12.00
14.00
2.00
1.82
RCZ
Notes:
- Cut off using 2m @ 0.30 g/t Au
- Intervals are reported with no more than 3m of continuous
internal dilution except where indicated *
Table 1: Road Cut Zone Current Trench
Results
Additional sampling was undertaken at the previously reported
mineralised zone (see press release dated December 5, 2023) east of
the main RCZ in a series of small trenches located within the
artisanal mine workings where it was safe to conduct activities
(trenches KTR075 to KTR081). Results from this work (see Table 1
for interval results and Figure 1 for locations) confirm the
presence of a northerly trending shear with gold mineralisation. In
the trenches sampled, the northerly shear was dominant, and the
highest gold grades are associated with the cross-cutting vein sets
as described previously.
Kadie Zone Soil Geochemistry Highlights
Additional detailed infill soil geochemistry was completed at
the Kadie Zone to further help define gold bearing structures
(Figure 2 and 3). Results very clearly indicate a strong NW-SE
trending gold anomaly defined by samples ranging from 300+ ppb to a
maximum value of 104,000 ppb Au that connect the Kadie 1 and
Kadie 2 zones. This feature indicates a strike extent of over 650 m
and remains open to the SE along strike with a second trend (Kadie
3).
Detailed gold in soil geochemistry has proven to be a very
effective tool for exploration at Kossou and the Company intends to
continue with its sampling strategy to help define extents of gold
mineralised shear zones and veins sets for future drill targeting
purposes.
Sampling, QAQC, and Analytical Procedures
All samples were analysed at the SGS facility in Yamoussoukro
using a 50 g Fire Assay with an AA finish (FAA505 with prep code
PRP87). 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 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
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
results. The Company completed ~6,000 m of RC drilling and ~5,400 m
of trenching in 2023 and is planning on additional drilling and
trenching 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 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.
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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
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statements”) within the meaning of the applicable Canadian
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Forward-looking statements are necessarily based upon a number of
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version on businesswire.com: https://www.businesswire.com/news/home/20240115868615/en/
For further information: Edward Gosselin Chief Executive Officer
and Director 1-418-609-3587 ir@kobores.com
X: @KoboResources | LinkedIn: Kobo Resources Inc.
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