Toubani extends overall Kobada Mineralisation by 1 km
Toubani Resources, Inc is pleased to provide the first set of results from the ongoing drilling program at its Kobada Gold Project in southern Mali.
Highlights
Drilling has extended mineralisation by almost 1km to the north and south of the Kobada Main Deposit. Kobada Main Deposit currently hosts a Mineral Resource1 of 3.1 million ounces of gold over a strike length of 4.5km. Mineralisation remains open north and south of the Kobada Main Deposit. Excellent first results from the Kobada North 1 target area with 9m at 1.32g/t and 14m at 1.02g/t.
Further assay results at Kobada North 2 testing along an additional 1.7km of strike are pending. Drilling continues on site with the focus now moving to step out holes at the Gosso target, where previous drilling has already intersected mineralisation.
Chief Executive Officer, Phil Russo commented: “For the first drill holes of the program to extend mineralisation by 1 km, including 650 meters at Kobada North alone, is an exceptional result. These results demonstrate both the scale and the potential of the Kobada district and to be able to expand the footprint of mineralisation so quickly, while still open along strike, is a significant step forward in unlocking this project. We believe we have a very large system across an extensive and, remarkably, still underexplored belt. We now look forward to drilling at Gosso, which is currently underway and has returned excellent initial results in historical drilling.”
Drilling Results and Commentary
Drilling was designed to test potential extensions to mineralisation at the Kobada Main Deposit (Figure 1). Extensive artisanal workings can be found along strike and along trend from Kobada Main, yet almost no drilling has been undertaken.
