Kobo Resources Supports the Structural Interpretation of Mineralisation at Kossou with Strong Gold Results of 2.67 g/t Au over 14 m and 1.68 g/t Au over 13 m at the Jagger Zone
Kobo Resources Supports the Structural Interpretation of
Mineralisation at Kossou with Strong Gold Results of 2.67 g/t Au
over 14 m and 1.68 g/t Au over 13 m at the Jagger Zone
QUEBEC CITY, Québec--(BUSINESS WIRE)--November 27, 2023--Kobo Resources Inc.
(“Kobo” or the “Company”) (TSX.V: KRI) is pleased to announce strong gold results from
trenching at the Jagger Zone, which support the ongoing structural interpretation work as part of
continued exploration efforts at the Company’s 100%-owned Kossou Gold Project (“Kossou”).
Edward Gosselin, CEO and Director of Kobo commented: “With the confirmation of the
presence of cross-cutting sets of gold bearing quartz veins throughout the Jagger Zone trending
WNW-ESE, and E-W within the core of the zone, our team is extremely pleased with these
findings. This further validates our initial assessment of the potential of the Jagger Zone, as well
as highlights the complexity of the potential system hosting gold mineralisation. Additional
trenching is underway at the Jagger and Kadie Zones to further evaluate structural controls and
the impact of these important mineralised vein sets.”
Strong Gold Results from Trenching at the Jagger Zone
KTR047:
o 1.01 g/t Au over 4 metres (“m”)
o 1.68 g/t Au over 13 m including 2.37 g/t Au over 7 m
o 2.67 g/t Au over 14 m including 3.38 g/t Au 10 m
Trench KTR047 was excavated to evaluate structural controls to gold mineralisation based on
observations by the Company’s field staff and Dr. Tourigny during the recent structural
evaluation efforts at Kossou. The presence of cross-cutting sets of gold bearing quartz veins
throughout the Jagger Zone was evaluated. Abundant high-grade gold vein sets, with
individual 1 m samples up to 14.30 g/t Au, trending WNW-ESE and E-W within the core of
the Jagger Zone has been confirmed. Assay results indicate multiple zones of cross-cutting
mineralised quartz vein sets along the N-S strike extent of the mineralised Jagger shear
zone. The Jagger Zone is defined by a 100+ m wide, 1.4+ km long N-S oriented shear zone
mineralised along the dominant foliation plane with N-S brecciated gold bearing gold veins.
Gold mineralisation is enhanced by cross cutting veins sets as exposed in KTR047.
Previously reported results at the Kadie Zone show similar structural controls. At the Road Cut
Zone, similar structural associations are also observed as indicated by strong results recently
released (see press release dated November 1, 2023) that also tested the WNW-ESE and E-W
cross-cutting veins.
Table 1: Trench KTR047 Results (Jagger Zone)
Trench ID From (m) To (m) Interval Au g/t Target
KTR047 23.0 27.0 4.0 1.01
Jagger Zone 127.0 140.0 13.0 2.37
Incl. 127.0 134.0 7.0 2.37
158.0 172.0 14.0 2.67
All trenches are sub-horizontal and reported intercepts are not expressed as true widths
Q3 2023 Filings and Auditor Change
The Company has filed its interim consolidated financial statements for the three and nine
months ended September 30, 2023 and 2022 as well as its management's discussion and analysis
for the three and nine months ended September 30, 2023. The Company further reports that
following the resignation of BDO Canada LLP as its auditor, the Company has nominated MNP
LLP as its successor.
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). 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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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
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results “may” or “could”, “would”, “might” or “w ill” 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
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
X: @KoboResources | LinkedIn: Kobo Resources Inc.