Kobo Resources Inc. ("Kobo” or the "Company")
(TSX.V: KRI) is pleased to announce high-grade trenching results
from the Jagger Zone as part of the ongoing exploration program at
its 100%-owned Kossou Gold Project located in Côte d’Ivoire.
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Figure 1: Jagger Zone summary with Trench
Results (Graphic: Business Wire)
As previously reported on May 2, 2023, the Jagger Shear Zone
which extended along a 750 m strike has now been extended to 1.2 km
strike length (Figure 1) through mapping and trenching.
Following detailed infill soil sampling, geological mapping and
trenching, the Company has confirmed the existence of a significant
gold bearing structure at the Jagger Zone. The peak of the
geochemical anomaly extends for 450 m with gold in soil values up
to 112 g/t Au.
Included are assay results and highlights from the three new
trenches (KTR26, KTR27 and KTR28) at the Jagger Zone (see
Table 1 for details):
- KTR028 is the first trench on the peak of the high-grade soil
anomaly at the Jagger Zone
- Gold values from trench KTR028 feature two distinct shear zones
separated by approximately 40 m of low-grade mineralisation
- The most westerly zone features 6.42* g/t over 29.0 m,
including sub-intervals of 18.04 g/t Au over 5 m, 11.44 g/t over
8 m and 5.53* g/t Au over 17 m
- The second and more easterly shear zone featured 1.17* g/t
Au over 27 m, including sub-intervals 1.62 g/t Au over 15.0
m, 5.38 g/t Au over 3.0 m and 0.82 g/t Au over 8.0
m
- The strong linear structure from trenches KTR020 to KTR028 now
measures 1.2 km in strike, with KTR028 being the best trench result
to date. The shear zone extends an additional 650 m to the
volcanic-volcanosediment contact.
The total strike length of the Jagger Zone, including untested
geochemical anomalies, now stands at 1.85 km and will be the
primary target of the upcoming drill program.
Edward Gosselin, CEO and Director of Kobo commented: “These
positive results, combined with results outlined in the Company’s
latest NI 43-101 Technical Report, have confirmed the presence of a
significant gold bearing structure at the Jagger Zone, which has
now been elevated to the primary target of our upcoming 2023
drilling campaign. The significance of these results is not only
based on the grades reported, but also on the fact that they
support our early geological interpretation that gold
mineralization occurs within a major north-south shear structure at
the Jagger Zone which appears to be extending towards the volcanics
and volcanosediment contact zone, an area we feel holds significant
potential.” He continued: “These trench results are extremely
encouraging, and we are looking forward to embarking on our
drilling campaign in the coming weeks. The Road Cut Zone, which
initially attracted us to the area, continues to be a high priority
drilling target. As planned, we anticipate mobilizing the drill rig
to the Jagger and Road Cut Zones following the completion of road
clearing efforts and drill pad construction."
Table 1: Jagger Zone and Jagger South Zone Trench Results
Trench ID
From (m)
To (m)
Interval
Au g/t
Target
KTR028
24.00
53.00
29.00
6.42*
Jagger
KTR028
Incl.
24.00
29.00
5.00
18.04
Jagger
KTR028
Incl.
24.00
32.00
8.00
11.44
Jagger
KTR028
Incl.
36.00
53.00
17.00
5.53*
Jagger
KTR028
Incl.
36.00
38.00
2.00
33.00
Jagger
KTR028
Incl.
36.00
39.00
3.00
22.20
Jagger
KTR028
Incl.
42.00
53.00
11.00
2.45
Jagger
KTR028
Incl.
43.00
45.00
2.00
9.98
Jagger
KTR028
96.00
123.00
27.00
1.17*
Jagger
KTR028
Incl.
96.00
111.00
15.00
1.62
Jagger
KTR028
Incl.
102.00
105.00
3.00
5.38
Jagger
KTR028
Incl.
115.00
123.00
8.00
0.82
Jagger
KTR028
134.00
138.00
4.00
0.42
Jagger
KTR022
80.00
82.00
2.00
1.15
Jagger South
KTR022
89.00
90.00
1.00
0.31
Jagger South
KTR023
36.00
49.00
13.00
0.80
Jagger South
KTR023
Incl.
37.00
39.00
2.00
0.86
Jagger South
KTR023
Incl.
43.00
47.00
4.00
1.79
Jagger South
KTR026
19.30
21.00
1.70
1.57
Jagger
KTR026
52.00
53.00
1.00
4.75
Jagger
KTR027
9.00
10.00
1.00
1.20
Jagger
KTR027
69.00
70.00
1.00
0.61
Jagger
3.72 g/t - 2m @ 0.30 g/t cut off
(maximum 2m internal <0.30 g/t)
1.93*g/t - 2m @ 0.30 g/t cut off
(greater than 2m internal <0.30 g/t)
Additionally, two new trenches located in the Jagger South Zone,
KTR022 (1.15 g/t Au over 2.0 m) and KTR023 (0.8 g/t Au over 13.0 m,
including 1.79 g/t over 4.0 m), represent an additional gold
bearing offset structure to the southwest of the Jagger Zone.
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). Samples assaying greater that 5.0 g/t Au were re-submitted
for Fire Assay with Gravimetric finish (FAG505). Those values were
considered final. 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 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
results. The Company’s 2023 exploration plan calls for over 8,000
meters of reverse circulation drilling with an immediate goal of
defining significant near surface zones of gold mineralisation.
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.
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
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TERM 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
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Forward-looking statements are necessarily based upon a number of
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View source
version on businesswire.com: https://www.businesswire.com/news/home/20230607005140/en/
For further information, please contact:
Edward Gosselin Chief Executive Officer and Director
1-418-609-3587 ir@kobores.com
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