Toubani Resources (ASX:TRE) has extended the strike of mineralisation at the Kobada Gold Project in southern Mali, as the company seeks to move towards future resource growth.
The company has returned its first set of results from an ongoing drilling program at the project, comprising both diamond and reverse circulation drilling to test mineralisation below and adjacent to the current resource estimate.
Diamond drilling has returned intersections including 50.8m @ 0.97 grams per tonne gold and 12.5m @ 0.89g/t gold, identifying a new target zone ranging from 120m to 250m below surface.
Intercepts below the current resource estimate features 1m @ 13.14g.t gold, 1.5m @ 9.69g/t gold, and 2.3m @ 7.11g/t gold.
Meanwhile, reverse circulation drilling has uncovered near surface oxide mineralisation outside of the current resource area, with intercepts including 1m @ 21.7g/t gold from 43m, as well as 2m @ 3.78g/t gold from 7m.
CEO Phil Russo says drilling builds on the company’s 2024 drilling campaign, which already proved to be a “success” for Kobada’s oxide gold resources.
“These results confirm the potential to grow the resource base at Kobada both close to surface and at depth, which will contribute to future mine life,” Russo says.
“To intersect over 50 metres of gold mineralisation outside the current mineral resource estimate is a demonstration of the opportunity which exists within the fresh rock mineralisation at Kobada and provides our team with key data to target follow-up drilling.”
Prior to this campaign, Toubani states that the average vertical depth of drilling extended 110m.
The company will continue to collect data from diamond drilling to progress the final mine design and infrastructural decisions, with additional results to be returned in the coming weeks.
Toubani Resources is a mineral explorer striving to hold Africa’s “next large gold development project” with its Kobada Gold Project.
Write to Maddison Elliott at Mining.com.au
Images: Toubani Resources
