Toubani Resources Inc. (TSX-V:TRE, ASX:TRE) has provided further results from the ongoing drilling program at its 3.1 million ounce (Moz) Kobada Gold Project in southern Mali, with all targets tested in the current program to date having intersected mineralisation.
In a statement, Toubani chief executive officer, Phil Russo commented: “The goal of our current program is to drill test several high-value targets outside the 3.1Moz Kobada Main deposit. Following the success of our initial results last month, we are pleased to have continued to intersect mineralisation and extend strike at all targets tested so far."
He added: “Our belief is that the potential scale of Kobada is much more extensive, and our drilling program continues to confirm this. Given the success of our campaign, we have elected to increase the program by an additional 3,000m with the overall program set to be completed in the coming weeks and assays due thereafter.”
READ: Toubani Resources updates on its activities for year ending December 31, 2022
At Kobada North, drilling has confirmed continuity and further extended mineralisation north of the Kobada Main Deposit with mineralisation now intersected over 2 kilometres (km) from previous drilling, and remains open.
Shallow, oxide mineralisation intersected in drilling at the Gosso target with results of 1 metres (m) at 5.78 grams per ton (g/t) gold (Au), 2m at 1.44g/t, 1m at 3.16g/t, 3m at 1.34g/t, 3m at 1.17g/t, and 2m at 1.15g/t.
At Gosso, mineralisation remains open to the north and south with Toubani’s drilling increasing the strike of known mineralisation to over 2 km.
Reverse circulation (RC) drilling continues on site with drilling recently completed at the Kobada Est target, where high-grade auger results were received in late 2022.
Given the success of the program in extending mineralisation at Koboda North and Gosso, as well as identification of further high-value targets, the company has increased its current program by 3,000m to 13,750m.
Drilling is focused on following up targets identified by recently completed drilling at Kobada North, from artisanal workings at Kobada West and the interpreted junction between the Kobada and Foroko shears. Significant artisanal workings are evident at the latter targets yet little to no previous drill testing has occurred.
Toubani Resources is an exploration and development company with a focus on building Africa’s next mid-tier gold producer with its advanced Kobada Gold Project where the mineral resources occur over a strike length of 4.5 km.
Contact the author at jon.hopkins@proactiveinvestors.com