Toubani Resources (ASX:TRE) has reported multiple ‘high-grade’ gold intersections from systematic drilling at its Kobada South target in Mali, with mineralisation now defined over 1.6km of strike length.
The company’s latest drilling campaign at Kobada South has returned significant gold oxide mineralisation, including 19m at 1.02 grams per tonne gold from 8m and 1m at 39.7g/t gold from 85m.
The drilling program has systematically tested the Kobada South area, which lies parallel to the main Kobada Shear and within 1km of the planned processing plant site.
Notable intersections include 5m at 3.53 grams per tonne gold from 98m, 1m at 21.0g/t gold from 77m, and 7m at 2.31g/t gold from 84m including 2m at 4.79g/t.
The company says mineralisation lies on the margins of Kobada’s current mineral resource estimate of 2.2 million ounces of gold, in a zone previously classified as inferred.
Managing Director Phil Russo says the results demonstrate the upside potential that remains at the advanced-stage Kobada project.
“These results serve to illustrate the upside that remains at Kobada, even at this advanced project stage,” Russo says.
“This drilling has been carried out within 1km of our process plant location and defines oxide material that has the potential to be fast tracked into our mine plan following the forthcoming MRE update.”
Results are expected to increase the oxide mineral resource in the Kobada South area and potentially upgrade specific zones to the higher confidence Indicated category.
Drilling continues at Kobada with the rig now testing targets in the northern portion of the deposit, with further results anticipated in the coming weeks.
The company plans to incorporate the latest drilling results into an MRE update scheduled to commence in the coming months.
Toubani Resources is focused on advancing the Kobada Gold Project in Southern Mali.
This content was created with AI assistance and human editing.
Images: Toubani
