Kobo Resources Completes 10,663 m Diamond Drill Program at Kossou; Reports Additional High-Grade Gold Intercepts of 10.0 m at 3.20 g/t Au, incl. 3.0 m at 9.13 g/t Au and 4.0 m at 5.10 g/t Au
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PRESS RELEASE MARCH 3, 2024
Kobo Resources Completes 10,663 m Diamond Drill Program at
Kossou; Reports Additional High-Grade Gold Intercepts of 10.0 m at
3.20 g/t Au, incl. 3.0 m at 9.13 g/t Au and 4.0 m at 5.10 g/t Au
• Diamond drilling concludes at 10,663 m across 51 holes, refining priority gold targets for
future exploration
• Final assay results include high-grade gold intercepts of 10.0 m at 3.20 g/t Au, incl. 3.0 m
at 9.13 g/t Au and 4.0 m at 5.10 g/t Au at the Road Cut Zone
• Geological and structural assessment underway to finalize plans for the next phase of
drilling, expected to begin in Q2 2025
QUEBEC CITY, QC – Kobo Resources Inc. ("Kobo” or the "Company") (TSX.V: KRI) has successfully
completed its 10,663 metre (“m”) diamond drill program across 51 drill holes at its 100%-owned Kossou
Gold Project (“Kossou”) in Côte d’Ivoire. Final drill results from the program continue to highlight strong
gold mineralization at key targets, including additional high-grade intercepts at the Road Cut Zone (“RCZ”)
of 10.0 m at 3.20 g/t Au, including 3.0 m at 9.13 g/t Au, and 4.0 m at 5.10 g/t Au.
Additionally, an initial drill hole at the Shadow Zone confirmed mineralization associated with artisanal
mining activities, returning 1.0 m at 8.97 g/t Au, though gold-bearing structures appear localized, warranting
further assessment to determine the zone’s broader potential
With the successful completion of this phase, the Company is now undertaking a strategic review of its
results to refine the next stage of exploration at Kossou. The Company is evaluating follow-up drilling at
high-priority targets, with the next drill program expected to commence in Q2 2025.
Diamond Drill Results – Highlights:
Road Cut Zone:
• KDD0065
o 7.0 m at 1.43 g/t Au from 148.0 m
• KDD0066
o 4.0 m at 5.10 g/t Au from 16.0 m, including 1.0 m at 15.60 g/t Au
o 10.0 m at 3.20 g/t Au from 70 m, including 3.0 m at 9.13 g/t Au
• KDD0067
o 13.0 m at 1.11 g/t Au from 78.0 m, including 6.0 m at 1.49 g/t Au from 80.0 m
• KDD0068
o 8.0 m at 1.50 g/t Au from 92.0 m
• KDD0070
o 5.20 m at 3.42 g/t Au from 44.0 m, including 1.0 m at 11.70 g/t Au from 48.2 g/t Au
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Shadow Zone:
• KDD0074
o 1.0 m at 8.97 g/t Au from 45.4 m
Edward Gosselin, CEO and Director of Kobo commented: “Successfully completing our 10,000 m drill
program marks a key milestone in our exploration efforts at Kossou. This program has delivered strong
gold intercepts, particularly at the Jagger and Road Cut Zones, where we continue to refine our
understanding of the mineralization. While results at the Road Cut and Kadie Zones have been
encouraging, further work is required to fully define the scale and continuity of these targets. With drilling
now complete across multiple priority gold targets, we are now entering an important phase of analysis to
refine our structural model and optimize the next drill program, set to begin in Q2 2025. We anticipate
significantly expanding our drilling efforts in the months ahead, with the goal of positioning ourselves for a
potential maiden Mineral Resource Estimate by early 2026.”
He concluded: “Beyond Kossou, grassroots exploration has commenced at our Kotobi permit in eastern
Côte d’Ivoire, targeting anomalies identified through our 2024 airborne magnetic survey. Additionally, we
remain active in securing new land packages to enhance our portfolio, as Côte d’Ivoire continues to
demonstrate its potential as a premier jurisdiction for gold discoveries.”
Road Cut Zone
Results from the final 12 diamond drill holes at the RCZ have been received. A plan map showing collar
locations is provided in Figure 1, and a full summary of all drill intercepts can be found in Table 1 below.
Diamond drill hole KDD0061 was drilled on section RCZ150 to test the down-dip extension of gold
mineralisation identified in the previously drilled KDD0017, which returned 5.0 m at 4.30 g/t Au (see press
release dated July 18, 2024) and Reverse Circulation (“RC”) holes KRC040 and KRC041, which had the
best intercepts of 11.0 m at 3.78 g/t Au and 12.0 m at 1.29 g/t Au, respectively (see press release dated
August 14, 2023). KDD0061 successfully intersected several shear zones that correlate with the interpreted
structures from previous drilling, but the best intercept of 8.0 m at 1.00 g/t Au from 43.0 m relates to a
previously undrilled shear zone in the upper portion of the drill hole. This drill hole pushed through to the
volcanic/sediment contact that is represented by the Contact Zone Fault, identified as a significant first
order structure. Shearing and weak gold mineralisation was also identified at this contact. Full drill results
are provided in Table 1.
Diamond drill hole KDD0062 was drilled on section RCZ950, targeting a 50 m step out south from KDD0060
that returned a number of lower grade gold intercepts in shear zones (see press release dated January 30,
2025). This hole intersected moderate gold mineralisation, including 5.0 m at 1.05 g/t Au from 62.0 m,
associated with shearing and veining. The interval correlates with the shear zones in KDD0060 on Section
RCZ900. Hole KDD0063 drilled a further 50 m to the south on section RCZ1000 and intersected several
shear zones with the best interval 1.0 m at 2.29 g/t Au from 110.0 m being associated with an oblique V2
quartz vein.
Figure 1: Road Cut Zone Diamond Drill Results and Collar Location Map
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KDD0064 was drilled on section RCZ100 to test previously reported results from the initial RC drill program
in 2023. Results from KDD0064 were consistent with previous results from holes KRC038 and KRC039
(see press release dated August 14, 2023), and were associated with an oblique V2 vein with the best hole
returning 4.0 m at 1.30 g/t Au from 225.0 m. KDD0064 was drilled into the volcanic/sediment contact and
strong shearing was logged at the contact, however, gold values were below significant levels grading 3.0
m at 0.12 g/t Au from 285 m.
Drill hole KDD0065 was drilled on section RCZ050 and targeted results from RC hole KRC037 that returned
6.0 m at 2.04 g/t Au and 10.0 m at 0.77 g/t Au ( see press release dated August 14, 2023). KDD0065
intercepted a number of anomalous shear zones, including 7.0 m at 1.43 g/t Au from 148.0 m, correlating
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with the second intercept stated above. The gold mineralisation is also associated with oblique V2 quartz
veinlets.
Two holes, KDD0066 and KDD0068, were drilled on section RCZ650 to test for mineralisation along the
RCZ shear zone. In both drill holes, several predicted shear zones were intersected over significant widths
with gold mineralisation associated with V1 and V2 veins sets. KDD0066 intersected four significant zones:
4.0 m at 5.10 g/t Au from 16.0 m, 10.0 m at 3.20 g/t Au from 70.0 m, including 3.0 m at 9.13 g/t Au from
77.0 m, 5.0 m at 1.53 g/t Au from 180.0 m and 3.0 m at 1.69 g/t Au from 204.0 m. Hole KDD0068 overcut
KDD0066 and had key intercepts of 8.0 m at 1.50 g/t Au from 92.0 m and 4.0 m at 0.68 g/t Au from 148.0
m. Shear zones mapped between the drill holes exhibit strong correlation, with peak gold grades primarily
associated with the presence of V1 and/or V2 veins within or proximal to these structures. See x-section
RCZ650 in Figure 2.
Five drill holes (KDD0067, KDD0069-0071, and KDD0073) were completed in the northern Road Cut Zone
area, targeting the highly silicified volcanic unit originally identified through sampling, which returned 18.2
m at 4.64 g/t Au. Previous drilling had not intersected this specific zone, prompting a series of shorter holes
to test the target and assess mineralization associated with the northerly trending shear zones. Gold
distribution in this area remains highly variable, and ongoing studies are focused on understanding the
complex structural controls influencing mineralization. KDD0070 appears to have intersected this silicified
unit from surface, 4.0 m at 2.95 g/t Au from 0 m. The deeper intercept in this hole, 5.2 m at 3.42 g/t Au is
associated with the sheared volcanics and cross cutting quartz veins. Hole KDD0067 also inte rsected
several northerly trending shears with results including 3.0 m at 2.01 g/t Au from 44.0 m and 13.0 m at 1.11
g/t Au from 78.0 m.
Figure 2: Road Cut Zone – Section RCZ650 Simplified Geological Cross-Section
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Shadow Zone
Two drill holes, KDD0074 and KDD0075, were drilled at the Shadow Zone to test the depth extension of
significant artisanal mining along a 350 m northeast-southwest trend, where local miners have reportedly
extracted gold to depths of over 40 m. See Figure 3 for collar locations. KDD0074 returned 1.0 m at 8.97
g/t Au from a smoky white quartz vein hosted within massive and pillowed basalts exhibiting moderate
chlorite/sericite/silicification. While both drill holes encountered quartz-carbonate veining, most intervals did
not carry significant gold. KDD0075 did not intersect any anomalous vein structures, and no broad shear
zone was identified in either hole, suggesting further work is required to determine the structural controls
on mineralization in this area.
Figure 3: Shadow Zone Diamond Drill Results and Collar Location Map
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Table 1: Summary of Significant Diamond Drill Hole Results
BHID East North Elev. Az. Dip Depth From
(m)
To
(m)
Int.
(m)
Au
g/t Target
KDD0061 228214 776545 292 70 -50 368 43.0 51.0 8.0 1.00 RCZ
incl. 50.0 51.0 1.0 4.93 RCZ
92.0 98.0 6.0 0.38 RCZ
202.0 207.0 5.0 0.81 RCZ
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KDD0062 228559 775820 317 70 -50 164 62.0 67.0 5.0 1.05 RCZ
122.0 124.0 2.0 0.82 RCZ
KDD0063 228578 775774 315 70 -50 140 110.0 111.0 1.0 2.29 RCZ
KDD0064 228215 776599 291 70 -50 371 123.0 126.0 3.0 0.41 RCZ
174.0 176.0 3.0 0.44 RCZ
225.0 229.0 4.0 1.30 RCZ
KDD0065 228221 776654 274 70 -50 272 148.0 155.0 7.0 1.43 RCZ
incl. 153.0 155.0 2.0 3.19 RCZ
172.0 176.0 4.0 0.53 RCZ
KDD0066 228391 776078 287 70 -50 335 16.0 20.0 4.0 5.10 RCZ
incl. 18.0 19.0 1.0 15.60 RCZ
45.0 54.0 9.0 0.38 RCZ
70.0 80.0 10.0 3.20 RCZ
incl. 77.0 80.0 3.0 9.13 RCZ
106.0 110.0 4.0 0.43 RCZ
180.0 185.0 5.0 1.53 RCZ
204.0 207.0 3.0 1.69 RCZ
249.0 253.0 4.0 0.64 RCZ
KDD0067 228338 776645 248 165 -50 101 0.0 2.0 2.0 2.43 RCZ
44.0 47.0 3.0 2.01 RCZ
78.0 91.0 13.0 1.11 RCZ
incl. 80.0 86.0 6.0 1.49 RCZ
KDD0068 228442 776097 273 70 -50 245 8.0 10.0 2.0 0.46 RCZ
76.0 78.0 2.0 0.70 RCZ
92.0 100.0 8.0 1.50 RCZ
incl. 92.0 94.0 2.0 4.04 RCZ
148.0 154.0 4.0 0.68 RCZ
KDD0069 228320 776678 248 165 -50 164 14.0 17.0 3.0 0.49 RCZ
102.8 106.8 4.0 0.65 RCZ
139.8 143.0 3.2 0.91 RCZ
KDD0070 228341 776648 248 250 -50 53 0.0 4.0 4.0 2.95 RCZ
44.0 49.2 5.2 3.42 RCZ
incl. 48.2 49.2 1.0 11.70 RCZ
KDD0071 228355 776596 248 250 -50 50 11.0 16.0 5.0 1.09 RCZ
27.0 30.5 3.5 0.80 RCZ
KDD0073 228348 776625 248 250 -50 50 8.0 9.0 1.0 2.99 * RCZ
KDD0074 228428 774331 339 135 -60 110 45.4 46.4 1.0 8.97 * Shadow
KDD0075 228544 774320 359 315 -50 92 NSR Shadow
Notes:
• Cut off using 2.0 m at 0.30 g/t Au
• Intervals are reported with no more than 3.0 m of continuous internal dilution expect where indicated by *
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.
Sampling, QA/QC, 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
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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 . QA/QC
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.
With over 15,000 meters of diamond drilling, nearly 5,900 meters of reverse circulation (RC) drilling, and 5,900 meters
of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its
Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly
prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralization at the Jagger, Road
Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralization, setting
the stage for the next phase of systematic exploration and resource development.
Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position
in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains
committed to identifying and developing new opportunities to enhance its exploration portfolio in this highly prospective
gold belt. 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.
###
For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
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