Kobo Resources Launches New Drilling Campaign at Kossou Gold Project
Kobo Resources Launches New Drilling Campaign at Kossou Gold Project
Kobo Resources Inc. (TSX.V: KRI) is thrilled to announce the commencement of a diamond drilling program at its wholly-owned Kossou Gold Project. Situated in Côte d'Ivoire, this ambitious initiative encompasses a substantial 10,000-meter drill program aimed at uncovering high-potential gold targets that have been identified in earlier exploration efforts.
Exciting Highlights of the Drill Program
Fully Funded Initiative: With around $6.0 million in cash reserves, Kobo is well-positioned to carry out this extensive drilling program and sustain its exploration activities into the following year.
Targeting High-Potential Areas
The drilling program focuses on four significant gold zones: the Jagger Zone, Road Cut Zone, Kadie Zone, and the Contact Zone. This marks the first time diamond drill holes will be deployed in these targeted areas.
Strength in Partnerships
Kobo Resources is leveraging its partnership with Mota-Engil, whose global expertise and local presence are anticipated to expedite Kobo’s growth in the West African region.
Infrastructure Developments at Kossou
New Base Camp Setup: A new base camp is being established on-site to enhance operational efficiency and minimize costs, ensuring a smooth flow of resources during the drilling phase.
Community Engagement and Sustainability
The company is also committed to the local community; a water well is being installed that will not only support the base camp but also provide fresh water to the community of Bocabo. This initiative illustrates Kobo's dedication to responsible exploration practices.
Diving Into the Target Zones
The Kossou Gold Project features four distinct target zones, each with unique characteristics and potential for yielding substantial gold mineralization.
Jagger Zone Details
The Jagger Zone presents a 2-kilometer-long gold in soil geochemical anomaly that has undergone previous trenching and drilling. Current drilling efforts will delve into the core of this zone, exploring mineralized structures to significant depths while also targeting areas previously noted for their gold content.
Insights Into the Road Cut Zone
The Road Cut Zone, extending over 1.6 kilometers, has revealed several mineralized shear zones through past drilling activities. This drill program will continue to evaluate the southern extension of this zone.
Exploring the Kadie Zone
The Kadie Zone showcases compelling gold in soil geochemical anomalies over a 1-kilometer strike length. While initial drilling efforts have been limited, future endeavors promise to explore mineralized shears further.
Understanding the Contact Zone
Distinct as a prominent fault structure, the Contact Zone is key in channeling gold-bearing fluids throughout the area. This drill program is set to explore this zone in-depth, unveiling its mineralization potential.
Expert Review of Mining Data
The scientific and technical information in this report has been reviewed by Paul Sarjeant, P.Geo., a Qualified Person under National Instrument 43-101, affirming the credibility of this exploration initiative.
About Kobo Resources Inc.
Kobo Resources is recognized as a growth-oriented gold exploration company with an exciting new gold discovery situated in one of the most promising gold districts in West Africa. The Kossou Gold Project is strategically positioned near significant gold mines, directly benefiting from nearby established processing facilities.
The company aims to maximize the Kossou Gold Project’s substantial potential, with plans for additional exploration extending beyond its Kossou site into the surrounding Kotobi Permit area. With a talented leadership team equipped with in-country experience, Kobo is poised for further growth.
Kobo’s common shares trade on the TSX Venture Exchange under the symbol "KRI". Interested parties are encouraged to learn more about Kobo by visiting their official website.
Frequently Asked Questions
What are the main targets of Kobo Resources' drill program?
The drill program targets four key zones: the Jagger Zone, Road Cut Zone, Kadie Zone, and the Contact Zone, each showcasing high mineralization potential.
How is Kobo Resources financially positioned for this project?
Kobo is fully funded with approximately $6.0 million cash, ensuring the successful execution of their drilling plan and exploration activities into the next year.
What is the significance of the new water well installation?
The new water well will support both the onsite base camp and the local community of Bocabo, reflecting Kobo's commitment to responsible exploration and community support.
Who reviewed the technical information for this drilling campaign?
The scientific data has been reviewed by Paul Sarjeant, P.Geo., who is recognized as a Qualified Person in adherence to National Instrument 43-101 guidelines.
Where can interested investors find more information about Kobo Resources?
Additional information can be found on Kobo Resources’ official website, where they provide updates on their projects and future plans.
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