Kobo Resources Inc. (“Kobo” or the “Company”)
(TSX.V: KRI) is pleased to report the discovery of new high-grade
gold mineralisation following additional trenching at the Road Cut
Zone (“RCZ”) and positive results from continued exploration
work at the Kadie and Jagger zones at the Company’s 100%-owned
Kossou Gold Project (“Kossou”).
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Figure 1: RCZ Compilation Map Showing
Trenches KTR069 to KTR074 (Graphic: Business Wire)
Edward Gosselin, CEO and Director of Kobo commented: “Recent
trenching has uncovered a previously undetected high-grade zone of
gold mineralisation east of our primary target at the Road Cut
Zone. These strong gold values suggest that there is additional
potential for a parallel zone of mineralisation east of the main
Road Cut Zone target and may also provide strong support for the
Contact Zone Fault concept previously reported.”
He continued: “We remain encouraged by the continued positive
results from both the Jagger and Kadie zones as we progress with
our exploration efforts at these targets. This trenching was
intended to evaluate cross-cutting vein structures based on our
recent structural interpretation work, and these vein sets appear
to have been confirmed. Results reported to date have been very
impressive and our team looks forward to initiating the Company's
diamond drilling program early next year.”
RCZ Trench Result Highlights
- KTR070: 4.44 g/t Au over 28 metres (“m”), including 6.54 g/t
Au over 18 m
- KTR069: 2.50 g/t Au over 6 m
- KTR073: 2.03 g/t Au over 5 m
Recent trenching at the RCZ has uncovered an important new
discovery of high-grade gold mineralisation located east of the
main drill target from the reverse circulation drill program
completed earlier this year. These trenches at the RCZ are located
on the eastern edge of a strong gold-in-soil geochemical anomaly
that had not previously been trenched or drilled (Figure 1). This
new zone is also located 120 m to the west of the prospective
Contact Zone Fault that has been identified as a significant first
order structure that may provide pathways for gold mineralisation
along a 300 m wide and greater than 2 km long structural corridor
mapped by the Company. Gold mineralisation within these trenches is
associated with both a N-NW trending shear zone and the high-grade
gold values are associated with cross-cutting W-NW and easterly
striking quartz vein sets as defined by the recent structural study
completed at Kossou in September (Figure 2). These are the same
structural controls and associations that control significant
mineralisation at both the Jagger and Kadie zones and correspond to
the regional picture being developed by the Company. Full assay
results from all trenches are provided in Table 1.
Kadie Zone Trench Result Highlights
- KTR063: 13.08 g/t Au over 4 m, including 50.70 g/t Au over 1
m, 1.77 g/t Au over 23 m, including 2.80 g/t Au over 13 m
and 31.30 g/t Au over 1 m
- KTR065: 4.78 g/t Au over 7 m, including 21.70 g/t Au over 1
m
- KTR064: 1.89 g/t Au over 16 m, including 2.64 g/t Au over 8
m
Three N-S trenches were excavated and sampled at the Kadie Zone
to further evaluate and map cross-cutting vein sets (Figure 3).
Mapping and assay results in all three trenches have confirmed the
presence of W-NW and easterly striking high-grade quartz vein sets
(up to 50.70 g/t over 1 m) cross-cutting the dominant N-S
shear and support gold in soil geochemical anomalies that
indicate of 750+ m of strike extent at the Kadie Zone. Based on
these results, the Company will plan to drill the Kadie Zone target
during the upcoming drill program.
Jagger Zone Trench Result Highlights
- KTR062: 5.54 g/t Au over 2 m, including 9.99 g/t Au over 1
m, and 1.38 g/t Au over 3 m
- KTR067: 1.16 g/t Au over 7 m, and 2.58 g/t Au over 4 m,
including 4.78 g/t Au over 2 m
Continued trenching at the Jagger Zone has confirmed significant
gold grades east of the core of the Jagger shear zone in trench
KTR062 (Figure 3). Broad zones of gold mineralisation have been
identified in a northly trending shear structure parallel to the
main Jagger shear zone. Additionally, mapping has identified
various zones of high-grade quartz veins cross-cutting the main
northerly shear zone in concurrence with the known structural
trends. Similarly, KTR066 has mapped the Jagger shear zone north of
drill holes KRC010 and KRC011 with broad zones of sub 1 g/t Au
material within the main shear structure. Trench KTR067, a N-S
trench, tested the main Jagger shear zone north of drill hole
KRC047 and successfully identified the main N-S Jagger shear zone
and several zones of the high-grade cross-cutting vein sets. These
results suggest the zone remains open to the north as predicted by
the gold-in-soil geochemical anomaly and previous drilling.
Table 1: Trench Results – Road Cut Zone, Kadie Zone
and Jagger Zone
Trench ID
From (m)
To (m)
Interval
Au g/t
Target
KTR062
28.0
31.0
3.0
1.38
Jagger Zone
47.0
59.0
12.0
0.44
81.0
83.0
2.0
5.54
incl.
82.0
83.0
1.0
9.99
KTR063
111.0
115.0
4.0
13.08
Kadie 1
incl.
114.0
115.0
1.0
50.70
147.0
170.0
23.0
1.77*
incl.
147.0
160.0
13.0
2.80
incl.
159.0
160.0
1.0
31.30
KTR064
7.0
9.0
2.0
3.04
Kadie 2
63.0
66.0
3.0
1.20
95.0
97.0
2.0
1.38
153.0
169.0
16.0
1.89*
incl.
161.0
169.0
8.0
2.64
KTR065
56.0
58.0
2.0
0.98
Kadie 3
78.0
85.0
7.0
4.78
incl.
80.0
85.0
5.0
6.08
incl.
84.0
85.0
1.0
21.70
KTR066
22.0
31.0
9.0
0.43
Jagger Zone
38.0
43.0
5.0
0.48
50.0
55.0
5.0
0.79
KTR067
25.0
26.0
1.0
7.54
Jagger Zone
36.0
38.0
2.0
1.07
78.0
84.0
6.0
0.41
104.0
111.0
7.0
1.16
120.0
124.0
4.0
2.58
incl.
120.0
122.0
2.0
4.78
132.0
139.0
7.0
0.76
incl.
137.0
139.0
2.0
1.47
KTR068
15.0
23.0
8.0
0.32*
Kadie 1
KTR069
2.0
8.0
6.0
2.50
RCZ
KTR070
2.0
30.0
28.0
4.44
RCZ
incl.
3.0
21.0
18.0
6.54
KTR071
0.0
6.0
6.0
1.42
RCZ
KTR072
0.0
4.0
4.0
1.67
RCZ
KTR073
0.0
5.0
5.0
2.03
RCZ
KTR074
0.0
7.0
7.0
1.29
RCZ
All trenches are sub-horizontal and
reported intercepts are not expressed as true widths
* Indicates sample interval containing
>2 m of <0.30 g/t Au
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 Perseus
Mining’s Yaouré Gold Mine, one of the region’s largest gold mines
with established processing facilities.
The Company has delivered excellent gold results and identified
multiple shear zones with gold mineralisation as part of its maiden
drill program. Drilling and exploration work remain ongoing to
unlock the potential size and scale of the Kossou Gold Project
within a strike length of more than 9 km of highly prospective
zones, including the Road Cut Zone, the Jagger Zone, and the Kadie
Zone.
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.
X: @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
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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
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such statements will prove to be accurate, as actual results and
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reliance on the forward-looking statements and information
contained in this news release. Except as required by law, Kobo
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View source
version on businesswire.com: https://www.businesswire.com/news/home/20231205888262/en/
For further information: Edward Gosselin Chief Executive Officer
and Director 1-418-609-3587 ir@kobores.com
Kobo Resources (TSXV:KRI)
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