The Company's 2024 drill program is designed to follow up on results from its inaugural 2023 exploration program which identified multiple shear zones of gold mineralisation in three key targets with a combined strike length of over four kilometres. The Company's 2023 exploration program consisted of 5,887 m (53 holes) of reverse circulation ('RC') drilling and approximately 5,400 m (93 trenches) of trenching, which outlined significant gold mineralisation at the Jagger Zone,
The Company has initiated its first phase of diamond drilling to gain further understanding of the detailed structural controls to gold mineralisation at Kossou as well as the association between the strong, through going N-S shear zones and the intersection of those structures with high-grade WNW-ESE and E-W quartz veins ('V2' veins) as documented by Dr.
2024 Drill Program Overview - First Phase:
KRC002: 20 m at 1.87 g/t Au, incl. 3 m at 6.28 g/t Au
KRC011: 19 m at 2.03 g/t Au, incl. 6 m at 4.00 g/t Au
KRC009: 48 m @ 1.03 g/t Au, incl. 15 m at 1.70 g/t Au
KRC044: 13 m at 2.10 g/t Au, incl. 2 m at 10.41 g/t Au
KRC022: 9 m at 3.18 g/t Au, incl. 2 m at 8.38 g/t Au
KTR063: 13 m at 2.80 g/t Au, incl. 1 m at 31.30 g/t Au
KTR065: 7 m at 4.78 g/t Au, incl. 1 m at 21.70 g/t Au
Diamond drill holes at all targets will be oriented approximately 070o to better intersect the N-S shear zones and the high-grade V2 vein sets, which is now understood to contain significant gold within the system as identified from surface trenching and detailed mapping
Additional trenching, geological mapping and soil geochemistry will be completed throughout the Company's 2024 drill program
He continued: 'Our objective is to rapidly advance these key targets by testing our growing understanding of the structure and controls to gold mineralisation at our key targets. We are excited to drill a significant portion of the soil geochemical anomaly at the
Launch of Interactive 3D Corporate Investor Presentation
The Company is pleased to announce the launch of an interactive 3D corporate presentation, which will provide all stakeholders with a deeper understanding of the Kobo story through a more immersive experience. Powered by VRFY, this presentation offers investors a unique and engaging way to delve deeper into Kobo's compelling investment thesis through interactive slides, gaining a comprehensive overview of the company's investment proposition. The Company invites investors to explore its updated investor presentation by clicking the link provided here.
Sampling, QAQC, and Analytical Procedures
All samples were analysed at the SGS facility in
Review of Technical Information
The scientific and technical information in this press release has been reviewed and approved by
About
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in
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 diamond drilling and trenching in 2024. Significant gold mineralisation has been identified at three main targets within a 300 m wide, 3+ 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.
Contact:
Tel: 1-418-609-3587
Email: ir@kobores.com
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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