Toubani Resources, Inc (ASX: TRE; TSXV: TRE) has extended mineralization by almost one km to the north and south of the Kobada Main Deposit at its Kobada Gold Project in southern Mali.
Highlights
● Kobada Main Deposit currently hosts a Mineral Resource1 of 3.1Moz of gold over a strike length of 4.5km
● Mineralization remains open north and south of the Kobada Main Deposit
● Excellent first results from the Kobada North 1 target area with 9.0m at 1.32g/t and 14m at 1.02g/t
● Further assay results at Kobada North 2 testing along an additional 1.7km of strike are pending
● Drilling continues on site with the focus now moving to step out holes at the Gosso target, where previous drilling has already intersected mineralization
“For the first drill holes of the programme to extend mineralization by one km, including 650m at Kobada North alone, is an exceptional result,” CEO, Phil Russo, said.
“These results demonstrate both the scale and the potential of the Kobada district and to be able to expand the footprint of mineralization so quickly, while still open along strike, is a significant step forward in unlocking this project.
“We believe we have a very large system across an extensive and, remarkably, still underexplored belt. We now look forward to drilling at Gosso, which is currently underway and has returned excellent initial results in historical drilling.”
Drilling Results
Drilling was designed to test potential extensions to mineralization at the Kobada Main Deposit. Extensive artisanal workings can be found along strike and along trend from Kobada Main, yet almost no drilling has been undertaken.
At Kobada North 1, two fences of drilling were completed stepping out 400m and 650m, respectively, north of the last fence of drilling within the Kobada Main resource. The drilling tested below and adjacent to artisanal workings.
Key intersections including:
● 9m at 1.32g/t from 112m including 4m at 2.64g/t (KN1/22_P009)
● 14m at 1.02g/t from 81m including 1m at 2.28g/t and 1m at 3.75g/t (KN1/22_P008)
● 1m at 7.86g/t from 59m (KN1/22_P007)
With drilling successfully confirming the continuity of the mineralized system to the north, follow up drilling will now be planned to systematically test the tenor of mineralization along the structure. This will then enable this area to be included in a forthcoming update to the Kobada Mineral Resource.
At Kobada South, three fences of drilling were completed. The most southerly of these stepped out 250m south from the last fence of drilling within the Kobada Main resource and successfully intersected mineralization, including:
- 3.0m at 1.81g/t from 50m and 3.0m at 1.20g/t from 61m (KS22_P003).
Drilling was also carried out to infill a 500m gap in drilling at the southern end of the Mineral Resource
with results to inform a resource update planned for later in 2023. Key results included:
* 1.0m at 8.35g/t from 68m (KS22_P012) and 3.0m at 1.8g/t from 82m (KS22_P014).
In addition, drilling was completed to test extensions to mineralization on a parallel lode to the Kobada Main lode. Intersections of 2.0m at 0.75g/t from 6.0m and 4.0m at 0.52g/t from 40m (KS22_P025) were returned, demonstrating continuity of mineralization on this eastern lode for a further 200m. Further work is planned in future programmes to test the potential of this parallel lode.
Forward Work Programme
Following the drilling at Kobada North 1 the drilling rig has completed two further fences of drilling at Kobada North 2, which steps out a further 1.7 km along strike to the north to test for the presence of the mineralized system. The fences are sited based on interpretation of geophysical data and artisanal workings. Results are awaited with laboratory turn around times significantly improved in recent weeks.
The rig is currently drilling at the Gosso target, which is located on a parallel structure to the Kobada Main Deposit. Previous drilling at Gosso returned results including:
● 36m at 1.64g/t from 72m (KBRC11-140)
● 3.1m at 4.25g/t from 34.6m (G20_PH3A_20)
● 3.0m at 2.59g/t from 30m (KBRC11-144)
● 5.0m at 1.90g/t from 133m (KBRC11-142)
For further information please visit: https://www.toubaniresources.com/
