Kobo Resources Reports New High-Grade Gold Intersections from Initial Trenching at its Kadie Zone with 5.16 g/t Au over 11 Metres, Including 12.92 g/t Au over 4 Metres; Further Exploration at the Jagger Zone Intersects 1.83 g/t Au over 68 Metres...
Kobo Resources Reports New High-Grade Gold Intersections from
Initial Trenching at its Kadie Zone with 5.16 g/t Au over 11 Metres,
Including 12.92 g/t Au over 4 Metres; Further Exploration at the
Jagger Zone Intersects 1.83 g/t Au over 68 Metres...
QUEBEC CITY--(BUSINESS WIRE)--September 28, 2023--
Kobo Resources Reports New High-Grade Gold Intersections from Initial Trenching at its
Kadie Zone with 5.16 g/t Au over 11 Metres, Including 12.92 g/t Au over 4 Metres; Further
Exploration at the Jagger Zone Intersects 1.83 g/t Au over 68 Metres, Including 8.20 g/t Au
over 9 Metres and 42.75 g/t Au over 2 Metres
Kobo Resources Inc. (“Kobo” or the “Company”) (TSX.V: KRI) is pleased to announce high-
grade gold mineralisation in initial trenching at the Kadie Zone and additional broad
intersections at Jagger Zone as part of the ongoing exploration program at its 100%-owned
Kossou Gold Project (“Kossou”) located in Côte d’Ivoire, West Africa.
Highlights:
KTR036: 5.16 g/t Au over 11 m, including 12.92 g/t Au over 4 m (Kadie Zone)
KTR043: 1.83 g/t Au over 68 m, including 8.20 g/t Au over 9 m and 42.75 g/t Au
over 2 m (Jagger Zone)
This past month, Kobo’s structural geology expert, Dr. Ghislain Tourigny Ph.D. has
been completing detailed structural mapping across of Kossou, including the
Jagger, Road Cut and Kadie Zones
o As an expert in the geology of the district, Dr. Tourigny Ph.D. continues to
provide critical structural insight as he works with our team to further define the
structural setting and controls on gold mineralisation of key targets at Kossou
Carmelo Marelli appointed as Chief Financial Officer following the retirement of
Gilles Couture
Edward Gosselin, CEO and Director of Kobo commented: “The positive results at the Jagger
Zone and new discoveries at the Kadie Zone are very exciting and confirm our interpretation
that the property contains a large mineralised system. Our exploration team continues to follow
a well-defined exploration strategy at Kossou: identify strong gold anomalies in soil, conduct
trenching work to better understand the geology of the target, and conclude with drilling
activities.” He continued: “According to our early drill results, our targeting of soil geochemical
anomalies has been highly effective, and the Kadie Zone is likely to become a significant new
drill target in the future. As additional mineralised trenches are exposed across the property, we
are gaining a better understanding of the structural controls of high-grade mineralisation. We
plan to commence an initial diamond drill program at the Kadie Zone and additional drilling at
the Jagger, and Road Cut Zones as soon as possible.”
He concluded: “On behalf of the entire Kobo team, I would like to thank Gilles for his many
years of outstanding service to the Company. Gilles has been with Kobo since its inception in
2016 and has been instrumental in helping it navigate through a number of financings and its
most recent RTO process. We wish him well in his well-deserved retirement, and we thank him
for his valuable contributions. On behalf of the Board, I wish to welcome Carmelo to the Kobo
team.”
Kadie Zone
The Kadie Zone was identified through initial soil geochemistry efforts and was the subject of
more recent detailed soil geochemistry as part of the Company’s ongoing exploration efforts at
Kossou (see press released dated August 14, 2023). Based on the initial encouraging results, the
Company completed six trenches across three soil anomalies and early trench sampling results
have yielded excellent gold results. The results from the first two trenches have identified high-
grade gold mineralisation in a set of quartz veins oriented NW-SE. Trench KTR036 intersected
two broad zones of mineralisation averaging 1.27 g/t Au over 11 m and a second higher grade
zone of 11 m averaging 5.16 g/t Au. See Table 1 for details.
The combined strike length of the soil anomalies associated with the Kadie Zone is
approximately 750 m, making it a significant drill target for future exploration and development.
Rock samples from the remaining four trenches at the Kadie Zone are currently in laboratory and
will be available shortly.
Jagger Zone
Following the high-grade gold mineralisation reported in trench KTR028 (6.42 g/t Au over 29
m) and in recent reverse circulation (“RC”) drillholes, trenches KTR042 and KTR043 were
excavated 25 m to the north and south to better understand the structural controls to the high
grade zones. See Table 1 for details.
Trench KTR042 returned 1.74 g/t Au over 21 m, including 2.20 g/t over 16 m and 3.91 g/t over 7
m. As recorded previously, a second zone within the trench returned 0.72 g/t Au over 26 m.
Trench KTR043 located 50 m south of KTR042 intersected the same shear zone and featured
1.83 g/t Au over 68 m, including a high-grade zone returning 6.81 g/t Au over 11 m. See Figure
1 and Figure 2 for location and results.
Preliminary work has confirmed significant gold concentrations in three principal vein
orientations: in veins parallel to the north-south trending and steeply west dipping regional shear
zone; in subvertical east-west extension veins (quartz-carbonate-pyrite); and in west-north-west
to north-west extension veins that have similar mineralogy and structural/textural features as the
east-west veins.
The array of veins observed in Jagger and Kadie Zones are similar to the high-grade S-type vein
mineralized zones occurring at Perseus Mining’s Yaouré Gold Mine.
As part of the more detailed structural interpretation, Dr. Tourigny has mapped trench KTR030
in more detail and has re-sampled the shear zone (KTR030a). The latest assay results returned
significant high-grade gold intercept of 5.07 g/t Au over 19 m, including 42.75 g/t Au over 2 m.
Gold mineralisation is hosted in a 20 m wide NS-trending and steeply west-dipping ductile-
brittle shear. The high-grade intersection including 71.70 g/t Au over 1 m is associated with a
tectonic breccia representing dislocated discordant veins.
Other zones of mineralisation in KTR030a are associated with millimetre to centimetre wide
quartz-carbonate-pyrite shear veins oriented north-south and dip steeply parallel to the foliation
of the shear zone. Subvertical veins oriented east-west also occur in the trench exposure.
The total strike length of the Jagger Zone, including untested geochemical anomalies, now stands
at 1.85 km and remains the primary target of the Company’s ongoing 2023 drill program.
Table 1: Current Trench Results from Jagger and Kadie Zones
Trench ID From (m) To (m) Interval Au g/t Target
KTR036 33.00 44.00 11.00 1.27 Kadie
KTR036 79.00 90.00 11.00 5.16 Kadie
KTR036 Incl. 81.00 85.00 4.00 12.92 Kadie
KTR036 113.00 117.00 4.00 1.04 Kadie
KTR037 54.00 57.00 3.00 2.01 Kadie
KTR037 83.00 88.00 5.00 0.95 Kadie
KTR030a 8.00 27.00 19.00 5.07 Jagger
KTR030a Incl. 20.00 22.00 2.00 42.75 Jagger
KTR042 31.00 35.00 4.00 1.71 Jagger
KTR042 43.00 64.00 21.00 1.74 Ja gger
KTR042 Incl. 48.00 64.00 16.00 2.20 Jagger
KTR042 Incl. 57.00 64.00 7.00 3.91 Jagger
KTR042 90.00 116.00 26.00 0.72* Ja gger
KTR043 33.00 35.00 2.00 3.10 Ja gger
KTR043 44.00 53.00 9.00 1.37 Ja gger
KTR043 66.00 134.00 68.00 1.83* Ja gger
KTR043 Incl. 66.00 77.00 11.00 6.81 Jagger
KTR043 Incl. 84.00 92.00 8.00 2.82 Jagger
KTR043 104.00 117.00 13.00 0.70 Ja gger
3.72 g/t - 2m @ 0.30 g/t cut off (maximum 2m internal <0.30 g/t)
1.93*g/t - 2m @ 0.30 g/t cut off (greater than 2m internal <0.30 g/t)
Trench work remains ongoing with seven additional trenches completed (Figure 2) with rock
samples current being assayed and results expected soon.
Appointment of Chief Financial Officer
Following the retirement of Gilles Couture, the Company is pleased to announce the appointment
of Mr. Carmelo Marelli as Chief Financial Officer of the Company.
Mr. Marrelli is the principal of the Marrelli Group, comprising of Marrelli Support Services Inc.,
DSA Corporate Services Inc., DSA Filing Services Limited, Marrelli Press Release Services
Limited, Marrelli Escrow Services Inc. and Marrelli Trust Company Limited. The Marrelli
Group has delivered accounting, corporate secretarial and regulatory compliance services to
listed companies on various exchanges for over twenty years. Mr. Marrelli is a Chartered
Professional Accountant (CPA, CA, CGA), and a member of the Institute of Chartered
Secretaries and Administrators, a professional body that certifies corporate secretaries. He
received a Bachelor of Commerce degree from the University of Toronto. Mr. Marrelli acts as
the chief financial officer to several issuers on the TSX, TSX Venture Exchange and CSE, as
well as non-listed companies, and as a director of select issuers.
Sampling, QAQC, and Analytical Procedures
All samples were analysed at the SGS facility in Yamoussoukro using a 50 g Fire Assay with an
AA finish (FAA505 with prep code PRP87). Samples assaying greater that 5.0 g/t Au were re-
submitted for Fire Assay with Gravimetric finish (FAG505). Those values were considered final.
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 Perseus Mining’s Yaouré Gold Mine, one of the region’s largest gold mines
with established processing facilities.
The Company has delivered excellent gold results and identified multiple shear zones with gold
mineralisation as part of its maiden drill program. Drilling and exploration work remain ongoing
to unlock the potential size and scale of the Kossou Gold Project within a strike length of more
than 9 km of highly prospective zones, including the Road Cut Zone, the Jagger Zone, and the
Kadie Zone.
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.
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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-
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not statements of historical fact and may be forward-looking statements Forward-looking
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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
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required by law.
Contacts
For further information:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
X: @KoboResources | LinkedIn: Kobo Resources Inc.