Kobo Resources Reports High-Grade Gold Intercepts: 11.0 m at 6.77 g/t Au and 4.0 m at 6.38 g/t Au; Early Exploration Success at Contact Zone with 6.0 m at 1.94 g/t Au
Page 1 of 7
PRESS RELEASE JANUARY 13, 2024
Kobo Resources Reports High-Grade Gold Intercepts: 11.0 m at 6.77
g/t Au and 4.0 m at 6.38 g/t Au; Early Exploration Success at Contact
Zone with 6.0 m at 1.94 g/t Au
• Strong Gold Intercepts: Road Cut Zone delivered 11.0 m at 6.77 g/t Au from KDD0052, while
Kadie Zone returned 4.0 m at 6.38 g/t Au from KDD0046
• New Discoveries: An initial intercept at the Contact Zone yielded 6.0 m at 1.94 g/t Au from
KDD0052, indicating strong potential for further exploration on this target
• 10,000 m diamond drill program is anticipated to be complete by the end of January
QUEBEC CITY, QC – Kobo Resources Inc. ("Kobo” or the "Company") (TSX.V: KRI) is excited to
announce additional high-grade gold results from the ongoing 10,000 metre (“m”) diamond drill program at
its 100%-owned Kossou Gold Project (“Kossou”) in Côte d’Ivoire, with notable intercepts of 11.0 m at 6.77
g/t Au at the Road Cut Zone (“RCZ”) and 4.0 m at 6.38 g/t Au at the Kadie Zone.
The Company also reports encouraging early results from the first diamond drill holes on the highly
prospective Contact Zone target, with results yielding 6.0 m at 1.94 g/t Au, confirming the potential for new
gold targets at this zone. With drilling now complete at the Kadie Zone, both drill rigs are focused on
advancing exploration at the Road Cut and Contact Zones to unlock additional gold mineralisation.
Diamond Drill Results – Highlights:
Road Cut Zone:
• KDD0052
o 11.0 m at 6.77 g/t Au from 45.0 m, incl. 6.0 m at 1.62 g/t Au from 46.0 m
o 12.0 m at 0.85 g/t Au from 238.0 m
o 6.0 m at 1.94 g/t Au from 264.0 m (Contact Zone target)
• KDD0049
o 9.0 m at 3.35 g/t Au from 147.0 m
Kadie Zone:
• KDD0046
o 4.0 m at 6.38 g/t Au from 14.0 m
• KDD0050
o 1.0 m at 20.20 g/t Au from 102.0
o 1.0 m at 32.20 g/t Au from 117.0 m
Edward Gosselin, CEO and Director of Kobo commented: “These results highlight the success of our
ongoing diamond drill program in uncovering the significant gold potential across multiple zones at the
Page 2 of 7
Kossou Gold Project. The strong intercepts at the Road Cut and Kadie Zones, including 11.0 m at 6.77 g/t
Au and 4.0 m at 6.38 g/t Au, reinforce the scale and quality of the Company’s gold targets at Kossou.
Additionally, the early positive results from the Contact Zone validate our strategic focus on this first-order
structure, which we believe has the potential to become a cornerstone of our exploration efforts moving
forward. With two diamond drill rigs operating, we are expediting progress on key targets and remain on
track to complete our 10,000 m program by the end of January 2025. We are encouraged by the expanding
opportunities at Kossou and look forward to building on this momentum in the future.”
Road Cut Zone
Results from the first two holes of the ongoing drill program 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 KDD0049 was drilled on section RCZ600 to test the down-dip extension of gold
mineralisation identified in KDD0014, which previously returned 9.0 m at 4.27 g/t Au from 117.0 m (see
press release dated July 11, 2024). The hole successfully intersected several shear zones that correlate
with the interpreted structures in KDD0014. Key intervals include 9.0 m at 3.35 g/t Au from 147.0 m,
corresponding to the 5.0 m interval grading 0.50 g/t Au from 85.0 m in KDD0014, and 4.0 m at 2.04 g/t
Au from 192.0 m, correlating with the 9.0 m at 4.27 g/t Au from 117.0 m observed in KDD0014. Full results
are provided in Table 1.
Diamond drill hole KDD0052 was drilled on section RCZ550, targeting the strong mineralisation observed
in surface trench KTR048, which returned 9.0 m at 1.76 g/t Au (see press release dated November 1,
2023). The hole intersected strong gold mineralisation, including 11.0 m at 6.77 g/t Au from 45.0 m,
associated with shearing and veining. These mineralised zones correlate well with those observed in trench
exposures. At the base of KDD0052, several shears were intersected, likely linked to the Contact Zone,
which is discussed later in this press release.
Figure 1: Road Cut Zone Diamond Drill Results and Collar Location Map
Page 3 of 7
Contact Zone
As previously reported, hole KDD0052 intersected the Contact Zone, returning 6.0 m at 1.94 g/t Au from
264.0 m, including 1.0 m at 9.63 g/t Au. This mineralisation appears to be directly associated with the
sheared contact with the volcano-sedimentary units. Further drilling is planned to explore along strike of
this promising target. The Contact Zone has been interpreted as a significant first-order structure, potentially
acting as a conduit for gold-bearing fluids throughout the Kossou system.
Holes KDD0045 and KDD0047 were drilled along the eastern margin of the volcanic belt to refine the
location of the Contact Zone fault. This fault's position has been inferred from limited surface exposure,
geophysical data, and small-scale artisanal workings observed along the shoreline of Lake Kossou, where
the structure is believed to reach the surface. Hole KDD0045, collared east of the contact, drilled through
the volcano-sedimentary sequence and intersected strongly sheared units with quartz veining, returning
2.0 m at 1.47 g/t Au. Drill hole KDD0047 successfully crossed the Contact Zone fault, yielding 3.0 m at
Page 4 of 7
1.54 g/t Au associated with shearing and quartz veining. These results are highly encouraging for this
prospective target. See Figure 1 for drill hole locations.
Kadie Zone
Results from six drill holes completed at the Kadie Zone have been received. The program targeted the
Kadie 2 and Kadie 3 structures, with all holes intersecting significant gold mineralisation over widths of 2.0+
m. Drill hole locations are shown in Figure 2, and full results are provided in Table 1.
Highlights include KDD0046, which returned 4.0 m at 6.38 g/t Au from 14.0 m, and KDD0044, which
reported 6.0 m at 2.39 g/t Au from 61.0 m. Drill hole KDD0050 intersected a highly altered quartz-feldspar
porphyry within a well-defined shear zone at 102.0 m depth. The upper and lower contacts of the porphyry
and the adjacent sheared volcanics hosted well-developed quartz-carbonate veins with visible gold, yielding
1.0 m at 20.20 g/t Au from 102.0 m and 1.0 m at 32.60 g/t Au from 117.0 m. While the strongly altered
quartz-feldspar porphyry contained anomalous gold values of less than 0.30 g/t Au across an overall width
of 14.0 m, the total interval of 16.0 m assayed at 3.36 g/t Au, including significant intervals of lower-
grade material.
Figure 2: Kadie Zone Diamond Drill Results and Collar Location Map
Table 1: Summary of Significant Diamond Drill Hole Results
Page 5 of 7
BHID East North Elev. Az. Dip Depth From (m) To (m) Int. (m) Au
g/t Target
KDD0043 228571 775478 305 70 -50 161.5 21.0 23.0 2.0 0.91 Kadie 2
146.0 148.0 2.0 0.89 Kadie 2
KDD0044 228571 775478 305 70 -50 161.5 5.0 10.0 5.0 1.16 Kadie 2
16.0 20.0 4.0 1.16 Kadie 2
61.0 67.0 6.0 2.39 Kadie 2
KDD0045 228556 776564 196 70 -50 105.5 38.0 40.0 2.0 1.47 Contact Zone
KDD0046 228732 775404 326 70 -50 140.5 14.0 18.0 4.0 6.38 Kadie 2
45.0 48.0 3.0 0.95 Kadie 2
KDD0047 228622 776321 198 70 -50 105.5 31.0 34.0 3.0 1.54 Contact Zone
KDD0048 228756 775360 343 70 -50 140.5 18.0 19.0 1.0 9.09 Kadie 2
38.0 42.0 4.0 0.50 Kadie 2
101.0 102.0 1.0 1.19 Kadie 2
KDD0049 228394 776132 293 70 -50 311.4 45.0 50.0 5.0 1.08 RCZ
74.0 79.0 5.0 0.65 RCZ
120.0 124.0 4.0 1.41 RCZ
129.0 130.0 1.0 2.46 RCZ
147.0 166.0 9.0 3.35 RCZ
incl. 161.0 162.0 1.0 12.50 RCZ
192.0 196.0 4.0 2.04 RCZ
208.0 209.0 1.0 1.83 RCZ
KDD0050 228774 775339 345 70 -50 146.5 0.0 2.0 2.0 1.63 Kadie 2
5.0 7.0 2.0 1.77 Kadie 2
43.0 46.0 4.0 0.37 Kadie 2
102.0 118.0 16.0 3.36* Kadie 2
incl. 102.0 103.0 1.0 20.20 Kadie 2
incl. 117.0 118.0 1.0 32.60 Kadie 2
KDD0051 228419 775503 330 70 -50 140.5 138.0 139.0 1.0 3.00 Kadie 3
KDD0052 228448 776205 264 70 -50 281.4 3.0 6.0 3.0 3.62 RCZ
45.0 56.0 11.0 6.77 RCZ
incl. 46.0 52.0 6.0 11.62 RCZ
incl. 49.0 52.0 3.0 20.20 RCZ
228.0 235.0 5.0 1.01 RCZ
238.0 250.0 12.0 0.85 RCZ
incl. 244.0 250.0 6.0 1.26 RCZ
256.0 259.0 3.0 0.83 RCZ
264.0 270.0 6.0 1.94 RCZ
incl. 269.0 270.0 1.0 9.63 RCZ
KDD0053 228503 775400 321 70 -50 212.5 90.0 93.0 3.0 1.21 Kadie 3
148.0 151.0 3.0 0.77 Kadie 3
Page 6 of 7
163.0 164.0 1.0 4.20 Kadie 3
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
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.
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 is completing the remainder of its 10,000 m of core diamond drilling program by the end
of January 2025 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.
###
For further information, please contact:
Page 7 of 7
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT 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 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.