Kobo Resources Reports Significant Gold Intersections at its Kossou Gold Project With 9.0 Metres at 23.89 g/t Au, Including 1.0 Metre at 210.00 g/t Au and 9.0 Metres at 4.27 g/t Au Completion of First Diamond Drill Program with 25 Holes (4,368 m) to Set the Stage for
Kobo Resources Reports Significant Gold
Intersections at its Kossou Gold Project With
9.0 Metres at 23.89 g/t Au, Including 1.0
Metre at 210.00 g/t Au and 9.0 Metres at 4.27
g/t Au
Completion of First Diamond Drill Program with 25 Holes (4,368 m) to Set the Stage for
Next Phase of Exploration
QUEBEC CITY--(BUSINESS WIRE)--July 11, 2024--Kobo Resources Inc. ("Kobo” or the
"Company") (TSX.V: KRI) is pleased to report further significant gold results from its
inaugural diamond drill program at the Company’s 100%-owned Kossou Gold Project
(“Kossou”) located in Côte d'Ivoire, West Africa. The Company is also pleased to announce the
completion of its first diamond drilling program at Kossou, which comprised of 4,367.6 metres
(“m”) of diamond drilling in 25 holes, targeting the Company’s three highly prospective gold
targets: the Road Cut Zone (“RCZ”), the Jagger Zone and the Kadie Zone.
Diamond Drill Hole Highlights:
KDD002: 15.1 m at 1.03 g/t Au from 62.3 m, including 6.3 m at 1.67 g/t Au from 64.8
m
KDD005: 9.0 m at 23.89 g/t Au from 40.0 m, including 1.0 m at 210.00 g/t from 46.0 m
KDD012: 11 m at 1.71 g/t Au from 50.0 m
KDD014: 9.0 m at 4.27 g/t Au from 117.0 m
Edward Gosselin, CEO and Director of Kobo commented: “Further results from our inaugural
diamond drill program at the Kossou Project have delivered promising gold values, with 25 drill
holes covering close to 4,400 m meeting our expectations for this phase of exploration. Each
drill hole has intersected gold-bearing shear zones, consistent with our successful RC drilling in
2023 and further supporting last year's geological interpretation study.”
He continued: “The preliminary assay results across all three zones are highly encouraging,
confirming robust gold intercepts with notable high-grade sections as anticipated. This
consistency reinforces the reliability of our geological models and strengthens our confidence in
Kossou’s prospects. Our upcoming drilling phase, expected in Q3, will focus on expanding our
knowledge of the Jagger, Road Cut and Kadie Zone targets. Detailed plans will be finalized
following further assay analysis of the Company’s diamond drill program. Additionally, Dr.
Ghislain Tourigny's upcoming structural study will provide critical insights into Kossou’s gold-
bearing structures to further our understanding of the mineralized zones.”
He continued: “Looking ahead, our 2024 drilling program aims to drill between 10,000 and
12,000 m by year-end, aiming to unlock the substantial potential of the Kossou Gold Project.
With the recent completion of our private placement raising gross proceeds of $7.4 million, we
are now well-funded and strategically positioned to accelerate our exploration efforts with the
support of key partners and shareholders.”
Kadie Zone
The Company has drilled the first five diamond drill holes at the Kadie Zone and have received
results for the initial three holes (see Figure 1). Drill hole KDD0005 (Kadie 3) returned a very
strong mineralised zone of 9.0 m at 23.89 g/t Au, including a 1.0 m zone assaying 210.00 g/t Au.
This zone clearly exhibits the bonanza style mineralisation associated with the NW trending
shear zones and the cross-cutting V2 veins sets (See Table 1 for detailed intercepts). Assay
results from the two remaining diamond drill holes at the Kadie Zone are pending. Total metres
drilled at the Kadie Zone were 828.6 m in five holes.
Road Cut Zone
The Company completed 15 drill holes totalling 2,320.2 m during its inaugural diamond drill
program and has received results for ten of the drill holes to date: KDD0006 to KDD0015 (see
Figure 2).
Overall results from the first diamond drill holes are very encouraging with every drill hole
intersecting multiple gold bearing shear zones that correlate well with surface information.
DDH0012 returned 11.0 m at 1.71 g/t Au from 50.0 m and has confirmed the down dip extension
of approximately 25 m to mineralisation reported in a series of trenches on the eastern edge of
the RCZ, highlighted by 28.0 m at 4.44 g/t Au and 6.0 m at 2.50 g/t Au (see press released date
December 5, 2023). DDH0013 undercut DDH0012 on the same section and intersected gold
mineralisation of 2.0 m at 2.13 g/t Au, approximately 90 m downdip from surface showings.
Drill holes to the north and south of this intercept are pending.
Drill hole KDD0014 and KDD0015 both tested the core of the main gold in soil geochemical
anomaly at the RCZ and intercepted multiple gold bearing shear zones. Key results for
KDD0014 included 7.0 m at 1.04 g/t Au from 13.0 m and 9.0 m at 4.27 g/t Au from 117.0 m (see
Photo 1). KDD0015 returned 6.0 m at 2.48 g/t Au, including a subinterval of 1.0 m at 11.60 g/t
Au. Results for the final five diamond drill holes are pending and significant results received to
date can be found in Table 1.
Jagger Zone
In addition to the first diamond drill hole, which returned 38.2 m at 1.55 g/t Au (see press release
April 30, 2024), the Company has received results from the second diamond drill hole from the
Jagger Zone, with three other holes currently pending results (see Figure 3). DDH0002 returned
a primary intercept of 15.1 m at 1.03 g/t Au from 62.3 m, including 6.3 m at 1.67 g/t Au. Results
from both holes compare favourably with the Company’s reverse circulation drilling completed
in 2023 and continue to demonstrate the Jagger Shear Zone hosts significant gold mineralisation
over broad widths. Additional zones of mineralisation were intersected throughout most of
DDH0002, including 5 m at 1.16 g/t Au from 92.0 m and 8 m at 0.82 g/t Au from 155.0 m,
supporting the interpretation of gold mineralisation associated with multiple shear zones in this
complex structure. Total metres drilled at the Jagger Zone were 1,718.75 m in five holes and full
results of significant drill intercepts are shown in Table 1.
Table 1: Summary Drill Hole Results
BHID East North Elev. Az. Dip Depth From (m) To
(m) Int. (m) Au g/t Target
KDD0002 228973 775332 339 70 -50 242.50 53.0 55.0 2.0 1.09 Jagger
62.3 77.4 15.1 1.03 Jagger
Incl. 64.8 71.1 6.3 1.67 Jagger
Incl. 74.3 77.4 3.1 1.29 Jagger
92.0 97.0 5.0 1.16 Jagger
Incl. 94.0 95.0 1.0 4.70 Jagger
122.0 126.0 4.0 0.57 Jagger
155.0 163.0 8.0 0.82 Jagger
Incl. 155.0 156.0 1.0 4.04 Jagger
162.0 163.0 1.0 1.70 Jagger
170.0 171.0 1.0 1.95 Jagger
KDD0003 228813 775274 368 70 -50 134.45 46.0 48.0 2.0 0.66 Kadie 1
89.0 90.3 1.3 0.60 Kadie 1
KDD0004 228641 775451 314 70 -50 152.45 8.0 11.0 3.0 0.42 Kadie 2
41.0 44.0 3.0 0.30 Kadie 2
99.0 101.0 2.0 1.65 Kadie 2
KDD0005 228428 775426 338 70 -50 179.45 40.0 49.0 9.0 23.89 Kadie 3
Incl. 46.0 47.0 1.0 210.00 Kadie 3
95.0 97.0 2.0 2.33 Kadie 3
110.0 114.0 4.0 0.68 Kadie 3
Incl. 110.0 111.0 1.0 1.90 Kadie 3
KDD0006 228511 776015 275 70 -50 149.95 41.0 43.0 2.0 1.18 RCZ
102.0 103.0 1.0 0.94 RCZ
110.0 112.0 2.0 0.66 RCZ
124.0 125.0 1.0 0.90 RCZ
KDD0007 228391 776078 288 70 -50 89.45 14.0 15.0 1.0 0.74 RCZ
25.0 26.0 1.0 0.90 RCZ
45.0 51.0 6.0 0.46 RCZ
Incl. 45.0 46.0 1.0 1.22 RCZ
61.0 64.0 3.0 0.36 RCZ
72.0 77.0 5.0 0.89 RCZ
Incl. 72.0 73.0 1.0 1.83 RCZ
Incl. 76.0 77.0 1.0 2.12 RCZ
KDD0008 228394 776132 294 70 -50 104.45 25.0 27.0 2.0 1.22 RCZ
41.0 43.0 2.0 3.03 RCZ
74.0 77.0 3.0 1.23 RCZ
99.0 100.0 1.0 1.19 RCZ
KDD0009 228333 776376 277 70 -50 188.45 21.0 26.0 5.0 0.47 RCZ
35.0 37.0 2.0 0.39 RCZ
57.0 60.0 3.0 0.46 RCZ
93.0 96.0 3.0 1.22 RCZ
103.0 108.0 5.0 0.49 RCZ
KDD0010 228309 776421 277 70 -50 194.45 14.0 15.0 1.0 1.40 RCZ
38.0 41.0 3.0 0.87 RCZ
46.0 49.0 3.0 0.34 RCZ
69.0 73.0 4.0 0.77 RCZ
103.0 104.0 1.0 1.20 RCZ
165.0 169.0 4.0 0.47 RCZ
KDD0011 228531 775969 288 70 -50 131.45 45.0 46.0 1.0 1.30 RCZ
70.0 71.0 1.0 1.08 RCZ
KDD0012 228535 776289 219 70 -50 116.45 50.0 61.0 11.0 1.71 RCZ
69.0 72.0 3.0 0.67 RCZ
KDD0013 228435 776254 266 70 -50 230.45 45.0 46.0 1.0 1.57 RCZ
186.0 188.0 2.0 0.68 RCZ
193.0 195.0 2.0 2.13 RCZ
KDD0014 228450 776152 269 70 -50 242.45 13.0 20.0 7.0 1.04 RCZ
Incl. 13.0 17.0 4.0 1.63 RCZ
33.0 34.0 1.0 1.94 RCZ
46.0 47.0 1.0 1.44 RCZ
65.0 66.0 1.0 1.12 RCZ
71.0 73.0 2.0 1.64 RCZ
85.0 90.0 5.0 0.50 RCZ
117.0 126.0 9.0 4.27 RCZ
187.0 188.0 1.0 2.40 RCZ
KDD0015 228367 776335 283 70 -50 191.45 5.0 7.0 2.0 0.64 RCZ
12.0 14.0 2.0 1.80 RCZ
21.0 27.0 6.0 2.48 RCZ
Incl. 26.0 27.0 1.0 11.60 RCZ
48.0 49.0 1.0 1.29 RCZ
95.0 98.0 3.0 0.66 RCZ
Notes:
Cut off using 2 m at 0.30 g/t
Au
Intervals are reported with no more than 3m 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.
Sampling, QAQC, 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
every 20 samples. All QA/QC 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 completed ~5,900 m of RC drilling and ~5,400 m of trenching in
2023 and has completed 4,368 m of diamond drilling to date in 2024. 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 mesothermal gold system.
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.
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.
Contacts
For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587