Toubani Resources (ASX:TRE) reports drilling results from its Foroko satellite deposit within the Kobada Gold Project in southern Mali.
The resource delineation program returned multiple ‘high-grade’ intersections across a 2.5km strike length. Standout results include 28m @ 8.86 grams per tonne gold (Au) from 188m, including 3m @ 61.2g/t Au, and 12m @ 12.1g/t Au from 106m, including 4m @ 24.9g/t Au.
Additional intercepts comprise 6m @ 13.3g/t Au from 133m, 10m @ 10.4g/t Au from 177m, including 1m @ 74g/t Au, and 3m @ 20g/t Au from 165m.
The 108-hole, 19,138m reverse circulation (RC) program aimed to infill historical drilling and test extensions to known mineralisation. Results have delineated mineralisation at sufficient spacing to be incorporated into the current mineral resource estimate (MRE) update. The MRE is targeted for completion in early October 2026.
Foroko sits 3km from the Kobada processing plant currently under construction, where first gold is scheduled for Q3 2027.
Managing Director Phil Russo says the results clearly define ‘high-grade’ mineralisation within the deposit and create option value for mine planning.
“These are some very impressive results from Foroko — one of our near-plant satellite targets — and appear to clearly define the high-grade mineralisation within the deposit,” Russo says.
“We will look to incorporate Foroko into the forthcoming MRE update where the potential to add ounces to our MRE inventory is promising, while also creating real option value in the next phase of mine planning work.”
Results intersected ‘high-grade’ mineralisation associated with veining, with grades and widths increasing in certain locations, pointing to structural controls. Interpretation and wireframing will allow drilling to target ‘high-grade’ structures down dip and down plunge.
Feeding the mill
With the geological framework at Foroko now better defined, attention turns to how the satellite deposit can be integrated into the broader Kobada development.
Foroko sits within the broader Kobada Gold Project, which hosts 2.2 million ounces of mineral resources across a 4.5km strike length. The project is predominantly oxide and open pittable.
Following the MRE update, Foroko will be evaluated as a potential ore feed source, either in parallel with Kobada mining or as a standalone opportunity. The evaluation will form part of the ore reserve estimate and mining schedule update planned for the December quarter of 2026.
Two RC rigs continue drilling in the Gosso area, east of Kobada, with one rig scheduled to return to Foroko to follow up open intersections. An aircore rig is drilling south of the Kobada Main deposit, testing for extensions to mineralisation.
Toubani Resources is an Australian gold exploration and development company whose flagship asset is the Kobada Gold Project in southern Mali.
Write to JC Villarba at Mining.com.au
Main image: Toubani Resources
