Toubani Resources Inc. (TSX-V:TRE, ASX:TRE) has reported positive results from its drilling programme at the Kobada gold project in southern Mali, highlighting 6 metres (m) at 0.85 grams per tonne (g/t) gold, including 2m at 1.70 g/t, 1m at 3.58 g/t, and another 1m at 3.35 g/t.
Phil Russo, CEO of Toubani Resources, called the outcome “an excellent result”, confirming “the potential for Toubani to delineate new discoveries within the Kobada project”.
Russo also noted that the results reminded him of early drilling results at Kobada Main where many one-metre to two-metre intervals were intercepted.
The CEO said the company was “excited to continue the program with further results anticipated shortly from the remaining target areas, while in-parallel study work to investigate the optionality at Kobada and range of development scenarios progresses in earnest”.
Future drilling will focus on a regular spacing within the Kobada East anomaly with the aim of defining and extending the mineralisation that has been found. AC drilling will also be carried out to identify potential extensions to mineralisation along strike along the Kobada East shear. The Kobada East shear extends for over 18 kilometres on Toubani’s tenure.
The drilling programme has been completed at Kobada West and drilling has moved to targets identified by recently completed drilling at Kobada North and Kobada Junction, which lies at the interpreted junction between the Kobada and Foroko shears.
Toubani is seeking to become Africa’s next gold producer with its advanced 3.1 million ounce (Moz) Kobada Gold Project.
Contact the author at jon.hopkins@proactiveinvestors.com