Kobo Resources Reports Strong Gold Intercepts at Jagger Zone: 2.0 m at 15.99 g/t Au, 8.0 m at 3.72 g/t Au and 14.0 m at 1.53 g/t Au, Supporting Target Continuity and Expansion at Depth Further drilling confirms additional, strong gold mineralization at Jagger Zone at depth,
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PRESS RELEASE OCTOBER 29, 2024
Kobo Resources Reports Strong Gold Intercepts at Jagger Zone: 2.0
m at 15.99 g/t Au, 8.0 m at 3.72 g/t Au and 14.0 m at 1.53 g/t Au,
Supporting Target Continuity and Expansion at Depth
Further drilling confirms additional, strong gold mineralization at Jagger Zone at depth,
supporting potential expansion and continuity of this prospective gold target
QUEBEC CITY, QC – Kobo Resources Inc. ("Kobo” or the "Company") (TSX.V: KRI) is excited to report
strong gold intercepts from the Jagger Zone at its 100%-owned Kossou Gold Project in Côte d’Ivoire.
Results from four additional diamond drill holes confirm continued gold mineralization at depth on this
prospective target, supported by significant intercepts of 2.0 metres (“m”) at 15.99 g/t Au* (eastern margin
of the Kadie Zone), 8.0 m at 3.72 g/t Au and 14.0 m at 1.53 g/t Au.
• Every drill hole intersected significant gold mineralisation at depth
o KDD0027 – 2.0 m at 5.92 g/t Au from 186.0 m and 11.0 m at 0.85 g/t Au from 196.0 m,
including 8.0 m at 1.09 g/t Au from 196.0 m
o KDD0028 – 2.0 m at 15.99 g/t Au* from 8.0 m (eastern margin of the Kadie Zone), 14.0
m at 1.53 g/t Au from 169.0 m, including 9.0 m at 2.26 g/t Au from 174.0 m and 12.0 m
at 0.71 g/t Au from 220.0 m and 8.0 m at 3.72 g/t Au from 313.0 m, including 2.0 m at
8.31 g/t Au from 315.0 m
o KDD0029 – 6.0 m at 1.52 g/t Au from 127.0 m and 6.0 m at 1.48 g/t Au from 194 m
o KDD0030 – 5.0 m at 2.24 g/t Au from 179.0 m
• Base Camp nearing completion at Kossou, with plans to mobilize a second drill in the
coming weeks to accelerate the 2024 diamond drill program
Edward Gosselin, CEO and Director of Kobo commented: “Our latest diamond drill results continue to
underscore the strength of the Jagger Zone, with mineralisation showing the potential for continuity at depth.
Recent drilling has yielded solid intercepts, including 8.0 metres at 3.72 g/t Au, and 14.0 metres at 1.53 g/t
Au, confirming the expanding and high-grade potential of this target. In addition, we intersected a notable
2.0 m at 15.99 g/t Au along the eastern margin of the Kadie Zone, further highlighting the potential for higher
grade mineralization in this area.” He continued: “As we near completion of our base camp and prepare to
mobilize a second drill, we are well-positioned to accelerate the pace of our diamond drill program for the
remainder of 2024. We are excited by the progress made to date and look forward to unlocking more value
at the Kossou Gold Project for our shareholders.”
Drilling at the Jagger Zone continues to target its core, with recent results confirming strong down-dip
continuity of gold mineralization along the well-defined Jagger Shear Zone. These results support the
potential for further expansion of this prospective target. Complete drill result details are provided in Table
1.
Figure 1: Jagger Zone Drill Results and Collar Location Map
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Diamond drill hole KDD0027, targeting section JZ650 of the Jagger Zone (see Figure 1 and 2), intersected
multiple mineralized zones, including 2.0 m at 5.92 g/t Au from 8.0 metres and 11.0 m at 0.85 g/t Au from
196.0 m, with 8.0 m at 1.09 g/t Au. The deepest intercepts, approximately 165 m below surface, confirm
the continuity of mineralization and alteration seen in the Company’s previous, shallower drilling, further
reinforcing a continuation of mineralisation at depth.
Figure 2: Section JZ 650 - Preliminary Geological Interpretation and Mineralised Zones
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Diamond drill hole KDD0028 was drilled to test the depth extension on Jagger Zone section JZ600 (see
Figure 3) and successfully intersected key mineralized zones, consistent with the Company’s previous
drilling efforts in this area. Highlighted intercepts include 2.0 metres at 15.99*g/t Au* from 8.0 m, confirming
gold mineralization at the easternmost extent of the Kadie Zone, located west adjacent to the Jagger Zone
target. Additional drilling is planned in this area as part of the ongoing diamond drilling campaign. Other
significant intercepts include 14.0 m at 1.53 g/t Au from 169.0 m, with a higher-grade zone of 9.0 m at 2.26
g/t Au from 174.0 m, and 12.0 m at 0.71 g/t Au from 220.0 m. Two smaller zones, 2.0 m at 1.50 g/t Au and
2.0 m at 1.86 g/t Au, represent the main Jagger Shear structure as defined in previous drilling. These
intercepts confirm the continuity of the Jagger Shear Zone and align well with the results reported from
KDD0023 (see press release dated August 13, 2024).
Diamond drill hole KDD0028 was extended to a depth of 347.45 m to follow up on two mineralized zones
previously drilled in KDD0023, located approximately 50 m east of the defined Jagger Shear Zone. These
zones are considered part of a parallel structure of interest. This strategy was validated with a strong
intercept of 8.0 m at 3.72 g/t Au from 313.0 m, including 2.0 m at 8.31 g/t Au from 315.0 m (see Image 1
for visible shearing in core). This correlates with a previously untested weak gold -in-soil anomaly,
confirming significant new mineralization that will be followed up in the ongoing drilling campaign. The near
right angle intercept of the shear zone structures indicate that drilling is well oriented with respect to the
primary Jagger Shear Zone.
Figure 3: Section JZ 600 – Preliminary Geological Interpretation and Mineralised Zones
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Image 1: Strong Alteration and Gold Mineralisation (8.0 m at 3.72 g/t Au) from Drill Hole KDD0028
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Results from diamond drill hole KDD0029 on Jagger Zone section JZ550 and diamond drill hole KDD0030
on section JZ500 continue to demonstrate broad zones of strong gold mineralization within the Jagger
Shear Zone. Notably, KDD0030 shows strong correlation with previous reverse circulation (“RC”) drilling
from the 2023 program, further confirming that the zone remains open to the north.
Drilling at the Jagger Zone remains ongoing, with current focus on structures south of section JZ700, where
results from several holes are pending.
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
KDD0027 228893 775196 388 70 -50 329.45 186 188 2 5.92 Jagger
196 207 11 0.85 Jagger
incl. 196 204 8 1.09 Jagger
224 226 2 0.90 Jagger
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243 246 3 0.33 Jagger
BHID East North Elev. Az. Dip Depth From (m) To (m) Int.
(m) Au g/t Target
KDD0028 228901 775253 380 70 -50 347.45 8 10 2 15.99* Jagger
150 154 4 0.62 Jagger
159 161 2 0.91 Jagger
169 183 14 1.53 Jagger
incl. 174 183 9 2.26 Jagger
incl. 178 180 2 6.88 Jagger
202 203 1 10.80 Jagger
220 232 12 0.71 Jagger
incl. 223 225 2 1.50 Jagger
incl. 229 231 2 1.86 Jagger
243 244 1 5.05 Jagger
249 251 2 0.91 Jagger
313 321 8 3.72 Jagger
incl. 315 317 2 8.31 Jagger
BHID East North Elev. Az. Dip Depth From (m) To (m) Int.
(m) Au g/t Target
KDD0029 228910 775309 360 70 -50 311.45 22 24 2 0.77 Jagger
127 133 6 1.52 Jagger
incl. 127 130 3 2.86 Jagger
153 155 2 1.26 Jagger
194 200 6 1.48 Jagger
206 210 4 1.44 Jagger
279 282 3 1.33 Jagger
BHID East North Elev. Az. Dip Depth From (m) To (m) Int.
(m) Au g/t Target
KDD0030 228974 775386 322 70 -50 323.45 48 56 8 0.98 Jagger
104 106 2 0.37 Jagger
122 127 5 0.47 Jagger
179 184 5 2.24 Jagger
199 203 4 1.00 Jagger
221 223 2 2.42 Jagger
Notes:
• Intervals are reported >0.30 g/t Au over minimum 2.0 m,with no more than 3 m of continuous internal dilution except where indicated
• * Cut off using 2.0 m at 0.25 g/t Au
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.
2024 Diamond Drill Program: Progress Update
The Company has drilled 2,482 m to date as part of its 10,000 m diamond drilling program at the Kossou
Gold Project in 2024, which is targeting key zones including Jagger, Road Cut, Kadie, and the Contact
Zones. Construction of the Company’s new base camp at Kossou is nearing completion, which will further
support the efficiency of ongoing operations as it mobilizes a second drill to accelerate the pace of the 2024
drilling campaign.
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As the Company continues to progress with its exploration efforts, drilling is proceeding south of the
reported results to further extend gold mineralisation. Additional holes are also planned north of the current
drill area. The rig will then move to selected targets on the Road Cut Zone and Kadie Zone to follow-up on
previously reported results from the 2023 RC program and the first stage of the 2024 diamond drill program.
The Contact Zone will also be tested with diamond drilling as part of the current program. Additional results
are expected in the coming weeks.
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 . 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 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 conducting an additional 10,000 meters of core diamond drilling during the remainder
of 2024 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:
Edward Gosselin
Chief Executive Officer and Director
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1-418-609-3587
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
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