Kobo Resources Intersects Significant Gold Mineralisation at Jagger Zone: 19 m at 2.03 g/t Au and 20 Metres at 1.87 g/t Au from its Ongoing Maiden Drill Program
Kobo Resources Intersects Significant Gold
Mineralisation at Jagger Zone: 19 m at 2.03
g/t Au and 20 Metres at 1.87 g/t Au from its
Ongoing Maiden Drill Program
QUEBEC CITY--(BUSINESS WIRE)--July 24, 2023--Kobo Resources Inc. ("Kobo” or the
"Company") (TSX.V: KRI) is pleased to announce drill results from the first 11 drill holes as
part of its ongoing 8,000 metre (“m”) reverse circulation (“RC”) drilling program at the
Company’s 100% owned Kossou Gold Project (“Kossou”) located in Cote d’Ivoire, West Africa.
To date, the Company has identified nearly 9.0 km of geochem anomalies and is drilling some of
the key targets that it has prioritized to determine potential size and grade for future resource
development.
The drill results highlighted in this release are from drill holes: KRC001 through KRC011 and
cover barely 200 meters in length on surface of the 1.8 km geochem anomaly identified at Jagger
zone. Additional high-grade gold mineralisation was identified in trench KTR030 at surface
associated with the major north-south trending shear zone within the Jagger Zone anomaly (See
Map Link). The Company anticipates announcing additional drill results as assays are made
available over the coming weeks.
Drilling Adjacent to Major Gold Producer
The Company’s current drill program is being conducted directly adjacent to the Yaouré Gold
Mine operated by Perseus Mining Inc. and its key targets are situated within five to seven
kilometers of the Yaouré Mine gold processing facility. More importantly, geological and
structural controls and alteration styles present at the Yaouré Gold Mine are interpreted to occur
within the Company’s key drill targets indicating mineralisation and alteration styles that are
relatively similar. The Yaouré Gold Mine Measured and Indicated Resources total 2.4 million
ounces at 1.39 g/t Au1.
Highlights:
• Jagger Zone intersected multiple zones of significant gold mineralisation down to
100 meters below surface, all zones are open at depth
• Highlighted drill holes include:
o KRC002: 8 m at 2.94 g/t Au from 8 m (including 2 m at 8.81 g/t Au from 9 m)
and 20 m at 1.87 g/t Au from 45 m including (3 m at 6.28 g/t Au from 61 m)
o KRC011: 19 m at 2.03 g/t Au from 5 m (including 6 m at 4.00 g/t Au from 18
m)
o KRC009: 48 m at 1.03 g/t Au* from 69 m including (including 13 m at 1.70 g/t
Au from 69 m and 15 m at 1.37 g/t Au from 87 m)
o KRC007: 45 m at 1.01 g/t Au* from 85 m (including 6 m at 1.54 g/t Au from 99
and 3 m at 5.58 g/t Au from 127 m)
• Delineated multiple shear zones that in total exceed 100 meters in width
• The Company received assay results from a new trench (KTR030) uncovered at the
Jagger Zone during drill pad road work for hole KRC008
o KTR030 returned results of 16 m at 3.32 g/t, including 5 m at 9.23 g/t Au and
was undercut by holes KRC008 and KRC009
This initial drilling has confirmed significant gold mineralisation (previously reported in trench
KTR028, 29 m @ 6.42 g/t Au, see press release dated June 7, 2023), which represents one of a
series of sub-parallel zones occurring in a documented 100 m wide shear zone. Mineralisation is
represented by quartz-carbonate veining and zones of silicification with disseminated pyrite
hosted within mafic basalts. Broad zones of gold mineralisation above 1 g/t Au have been
delineated in holes KRC008 (45 m) and KRC009 (48 m). The Jagger shear zone can be traced on
surface over a distance of more than 1.8 kilometers and remains open to the north and south of
the current drilled area, as well as at depth.
Edward Gosselin, CEO and Director of Kobo commented: “We are extremely encouraged that
every hole drilled as part our initial drill program has returned significant gold intercepts at the
Jagger Zone as a first step towards our objective of defining the strike and down-dip extensions
of gold zones on the Project.” He continued: “These drilling results continue to support the
Company’s initial geological interpretation that gold mineralization occurs within a major
north-south shear structure at the Jagger Zone and appears to extend north toward the contact
between volcanic units and the metasediments, a potential key target. We remain excited about
and committed to drilling at Kossou in the coming weeks as drilling on the Jagger Zone
continues and we proceed to the Contact Zone and Road Cut Zone, all highly prospective
drilling targets for the remainder of our 2023 drilling campaign.”
Maiden Drilling Progress at the Jagger Zone
Further work is planned to investigate the expected plunge of the high-grade zones. The
Company intends to continue with structural mapping and interpretation to guide future drilling
campaigns.,
Drill results reported to date cover approximately 200 m of strike length extended along a
structure that is interpreted to continue over 1,800 m. Drilling has intercepted significant gold
mineralisation at depths of approximately 100 m below surface and remains open to the north,
south and at depth. The 500+ m zone to the north of the reported drill area is highly prospective
based on soil geochemistry, rock sampling and trench results completed by the Company.
Eleven drill holes were completed at the Jagger Zone for an aggregate of 1,682 m drilled.
Significant gold mineralisation has been intersected in each hole drilled to date. As of Sunday,
July 23, 2023, the Company has completed 32 holes for a total of 3,274 m.
Table 1: Summary of Drill Results
BHID East North Elev. Az. Dip Depth From (m) To (m) Int. (m) Au g/t Target
KRC001 229089 775351 344 90 -50 96 8 16 8 1.36 Jagger
20 26 6 0.69 Jagger
36 38 2 0.88 Jagger
42 46 4 0.55 Jagger
KRC002 229012 775350 347 90 -50 206 8 16 8 2.94 Jagger
9 11 2 8.81 Jagger
29 36 7 0.99 Jagger
45 65 20 1.87 Jagger
incl. 61 64 3 6.28 Jagger
incl. 62 63 1 13.58 Jagger
162 170 8 1.46 Jagger
190 193 3 1.23 Jagger
KRC003 228956 775350 349 90 -50 218 46 48 2 0.76 Jagger
58 61 3 2.60 Jagger
incl. 59 60 1 6.03 Jagger
73 82 9 0.80 Jagger
incl. 77 80 3 1.34 Jagger
133 142 9 0.44 Jagger
KRC004 229085 775298 354 90 -50 146 3 6 3 6.51 Jagger
incl. 4 5 1 14.75 Jagger
40 42 2 0.93 Jagger
50 56 6 0.70 Jagger
102 105 3 0.79 Jagger
129 139 10 1.45 Jagger
incl. 129 132 3 3.49 Jagger
KRC005 229010 775300 360 90 -50 181 40 41 1 6.51 Jagger
49 54 5 2.17 Jagger
incl. 49 50 1 9.49 Jagger
61 64 3 0.36 Jagger
88 90 2 0.72 Jagger
98 107 9 0.58 Jagger
KRC006 229064 775255 355 90 -50 92 13 17 4 1.59 Jagger
25 32 7 1.50 Jagger
64 69 5 1.21 Jagger
79 89 10 0.62 Jagger
incl. 82 85 3 1.33 Jagger
KRC007 229010 775250 367 90 -50 176 30 35 5 2.57 Jagger
76 78 2 4.73 Jagger
85 130 45 1.01* Jagger
incl. 85 90 5 1.37 Jagger
incl. 99 105 6 1.54 Jagger
incl. 108 113 5 1.30 Jagger
incl. 117 123 6 0.57 Jagger
incl. 127 130 3 5.58 Jagger
incl. 129 130 1 13.95 Jagger
KRC008 229068 775199 346 90 -50 125 15 28 13 0.72 Jagger
42 46 4 0.30 Jagger
50 59 9 0.85 Jagger
KRC009 229009 775203 364 90 -50 176 69 117 48 1.03* Jagger
incl. 69 82 13 1.70 Jagger
incl. 87 102 15 1.37 Jagger
incl. 115 117 2 1.84 Jagger
133 135 2 2.61 Jagger
KRC010 229008 775402 331 90 -50 169 2 12 10 2.12 Jagger
incl. 9 11 2 8.45 Jagger
77 81 4 0.89 Jagger
incl. 77 79 2 1.37 Jagger
KRC011 229084 775401 330 90 -50 97 5 24 19 2.03 Jagger
incl. 5 11 6 2.27 Jagger
incl. 18 24 6 4.00 Jagger
incl. 18 19 1 18.17 Jagger
39 44 5 0.45 Jagger
74 76 2 0.54 Jagger
Notes:
Cut-off using 0.30 g/t Au
Intervals are reported with no more than 3 m of continuous internal dilution except where
indicated *
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.
Table 2: Trench Intercept (KTR030)
Trench ID East North Elev. Az. Dip Depth From (m) To (m) Interval Au g/t Target
KTR030 229067 775218 344 90 0 44 11 27 16 3.32 Jagger
incl. 11 17 6 1.02 Jagger
incl. 22 27 5 9.23 Jagger
Sampling, QAQC, and Analytical Procedures
One meter composite samples of RC chips were sent to the MSA Labs facility in Yamoussoukro
where the entire sample was dried and split into 500 g subsample for analysis (prep code CRU-
CPA). Sample splits were then analysed for gold using PhotonAssayTM (CPA-Au1). 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 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 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 results. The Company’s 2023 exploration plan calls for over 8,000 meters of reverse
circulation drilling with an immediate goal of defining significant near surface zones of gold
mineralisation. 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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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 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
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“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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1 https://perseusmining.com/resources-reserves/
Contacts
For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587