Jagger Zone continues to show strong potential
for high-grade gold mineralization, with the system remaining open
at depth
Kobo Resources Inc. (“Kobo” or the “Company”)
(TSX.V: KRI) is excited to report the first results from its
resumed 2024 diamond drilling program at the Company’s 100%-owned
Kossou Gold Project (“Kossou”), in Cote d’Ivoire, West
Africa. The results confirm significant mineralization at the
Jagger Zone, including 7.0 metres (“m”) at 4.83 g/t Au,
further expanding the high-grade potential of this high prospective
target.
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Figure 1: Jagger Zone and KDD0026 Collar
Location Map (Graphic: Business Wire)
- First results from resumed 2024 diamond drilling campaign at
Kossou Gold Project
- 7.0 m at 4.83 g/t Au from 230.0 m, including 4.0 m at
7.84 g/t Au from 232.0 m and
- 6.0 m at 1.62* g/t Au from 291.0 m
- Jagger Zone continues to show strong potential for
high-grade gold mineralization, with the target remaining open at
depth
Edward Gosselin, CEO and Director of Kobo commented: “The
results from our initial hole of our resumed 2024 10,000 m diamond
drilling campaign are very encouraging, intersecting 7.0 meters at
4.83 g/t Au at the Jagger Zone, a highly prospective gold target at
Kossou. This reinforces the significant potential of the Jagger
Zone, where mineralization remains open at depth.” He continued:
“Our exploration program is progressing as planned, and with
several high-priority targets still to be tested, we are optimistic
about further expanding mineralization across our key gold target
zones. These strong early results set a solid foundation as we
continue to unlock the value of Kossou for our shareholders.”
KDD0026 was drilled to test for the depth extension of
gold mineralisation at the Jagger Zone on section JZ700
beneath reverse circulation (“RC”) holes KRC008 and
KRC009 (see press release dated July 24, 2023) and diamond
drill holes KDD0001 – 19.0 m at 2.82 g/t Au,
including 3.7 m at 11.82 g/t Au (see press release dated
April 30, 2024) and KDD0021 – 14.0 m at 2.90 g/t Au
(see press release dated August 13, 2024). KDD0026 undercut
KDD0021 by approximately 50 m and further delineated a broad
zone of sheared volcanics, showing moderate to strong
silicification and accompanying
sericite-chlorite-carbonate-tourmaline alteration with disseminated
pyrite and quartz/quartz-carbonate veins and veinlets. Within this
broad shear structure, key high-grade gold zones reported (see
Table 1) correspond to the more intense shearing and alternation.
Several other zones of anomalous gold mineralisation were
encountered down hole correlating to zones of additional shearing
and alteration.
The Jagger Shear has now been drilled to a depth of
approximately 150 m below surface and remains open to depth.
Drilling continues at the site with holes planned to continue
exploring the core of the Jagger Zone at similar depths and to also
test a 300 m gap in drilling south of section JZ700. Planned
holes will also test beneath RC holes drilled in 2023, including
KRC015 that returned 6.0 m at 4.31 g/t Au and
KRC020 that returned 18.0 m at 0.60 g/t Au amongst
others (see press release dated August 14, 2023) up to 500 m south
of the current drill section.
Table 1: Summary of KDD0026 Drill Results
BHID
East
North
Elev.
Az.
Dip
Depth
From (m)
To (m)
Int. (m)
Au g/t
Target
KDD0026
228874
775136
396
70
-50
329.45
230.0
237.0
7.0
4.83
Jagger
incl.
232.0
236.0
4.0
7.84
Jagger
incl.
234.0
235.0
1.0
23.40
Jagger
258.0
260.0
2.0
0.40
Jagger
274.0
276.0
2.0
0.44
Jagger
291.0
297.0
6.0
1.62*
Jagger
* Interval includes 1.0 m of unsampled
material
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.
Next Steps and 2024 Diamond Drill Program Details
The Company’s ongoing 10,000 m diamond drill program at Kossou
will focus on key gold targets, including the Jagger, Road Cut, and
Kadie Zones, with the first ever diamond drilling being conducted
at the Contact Zone. The program aims to confirm and extend known
mineralization, while testing new parallel structures identified
through previous work.
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 plans to conduct 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.
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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
“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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such statements will prove to be accurate, as actual results and
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reliance on the forward-looking statements and information
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version on businesswire.com: https://www.businesswire.com/news/home/20241003017382/en/
For further information, please contact:
Edward Gosselin Chief Executive Officer and Director
1-418-609-3587 ir@kobores.com
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