Exploration and development company Toubani Resources (ASX:TRE) has expanded the strike of mineralisation at the Kobada West discovery through recent drilling at its Kobada Gold Project in Mali.
The company reports the 13,750m reverse circulation (RC) drilling has increased the strike at Kobada West from 5km to 11km. Toubani says is now planning step-out drilling along strike to the north and south to test for extensions to this new gold discovery, along with infill RC drilling to reduce section spacing to 100m for resource modelling.
Additionally, optimisation work streams are continuing to advance, with an update due later in the June quarter. Toubani says it is investigating the potential of an oxide-dominant project of scale at various throughput scenarios.
In the maiden drilling campaign at Kobada West, drilling was carried out on 4 sections spaced 200m apart, intersecting gold mineralisation on every section over a strike length of 600m. Additionally, the results demonstrate good continuity between the sections, with consistent grade and thickness. The company notes gold mineralisation remains open along strike and at depth.
Key results returned in the drilling program include hole KW1/22_P003, with 9m @ 1.72g/t Au from 63m, including 2m @ 6.26g/t Au from 63m; KW22_P003, with 1m @ 11.3g/t Au from 129m and 5m @ 1.26g/t Au from 116m; and KW22_P009, with 5m @ 1.24g/t Au from 78m, 4m @ 0.67g/t Au from 88m, and 3m @ 0.93g/t au from 106m.
Commenting on the results of the maiden drilling program, Toubani Resources Chief Executive Officer (CEO) Phil Russo says: “The consistency and continuity of mineralisation at Kobada West is very pleasing to see and is validation that the more we drill at Kobada, the more mineralisation is uncovered.
Further, to discover this extensive mineralisation right next door to the main Kobada resource is a fantastic result. For a project of scale and maturity like Kobada to still be able to make new discoveries is such a rare combination, and with our 2023 drill program now intersecting new mineralisation across all planned targets, we have had an exceptional success rate.
“Toubani’s vision of defining a long-life, oxide-dominant project of scale is supported by our drilling success to date”
Toubani’s vision of defining a long-life, oxide-dominant project of scale is supported by our drilling success to date, and we look forward to demonstrating this potential as our optimisation efforts advance in the coming months.”
The company notes outstanding drill results from the Kobada North, Kobada Junction, and Foroko deposits will be returned in the coming weeks.
Toubani Resources is an ASX-listed exploration and development company focused on becoming Africa’s next gold producer with its Kobada Gold Project in Mali.
Images: Toubani Resources Inc.
