Kobo Resources Completes 10,663 m Diamond Drill Program at Kossou; Reports Additional High-Grade Gold Intercepts of 10.0 m at 3.20 g/t Au, incl. 3.0 m at 9.13 g/t Au and 4.0 m at 5.10 g/t Au
- Diamond drilling concludes at 10,663 m across 51 holes, refining priority gold targets for future exploration
- Final assay results include high-grade gold intercepts of 10.0 m at 3.20 g/t Au, incl. 3.0 m at 9.13 g/t Au and 4.0 m at 5.10 g/t Au at the Road Cut Zone
- Geological and structural assessment underway to finalize plans for the next phase of drilling, expected to begin in Q2 2025
koboresources.com
QUEBEC CITY, QC – Kobo Resources Inc. ("Kobo” or the "Company") (TSX.V: KRI) has successfully completed its 10,663 metre (“m”) diamond drill program across 51 drill holes at its 100%-owned Kossou Gold Project (“Kossou”) in Côte d’Ivoire. Final drill results from the program continue to highlight strong gold mineralization at key targets, including additional high-grade intercepts at the Road Cut Zone (“RCZ”) of 10.0 m at 3.20 g/t Au, including 3.0 m at 9.13 g/t Au, and 4.0 m at 5.10 g/t Au.
Additionally, an initial drill hole at the Shadow Zone confirmed mineralization associated with artisanal mining activities, returning 1.0 m at 8.97 g/t Au, though gold-bearing structures appear localized, warranting further assessment to determine the zone’s broader potential.
With the successful completion of this phase, the Company is now undertaking a strategic review of its results to refine the next stage of exploration at Kossou. The Company is evaluating follow-up drilling at high-priority targets, with the next drill program expected to commence in Q2 2025.
Diamond Drill Results – Highlights:
Road Cut Zone:
- KDD0065
- 7.0 m at 1.43 g/t Au from 148.0 m
- KDD0066
- 4.0 m at 5.10 g/t Au from 16.0 m, including 1.0 m at 15.60 g/t Au
- 10.0 m at 3.20 g/t Au from 70 m, including 3.0 m at 9.13 g/t Au
- KDD0067
- 13.0 m at 1.11 g/t Au from 78.0 m, including 6.0 m at 1.49 g/t Au from 80.0 m
- KDD0068
- 8.0 m at 1.50 g/t Au from 92.0 m
- KDD0070
- 5.20 m at 3.42 g/t Au from 44.0 m, including 1.0 m at 11.70 g/t Au from 48.2 g/t Au
Shadow Zone:
- KDD0074
- 1.0 m at 8.97 g/t Au from 45.4 m
Edward Gosselin, CEO and Director of Kobo commented: “Successfully completing our 10,000 m drill program marks a key milestone in our exploration efforts at Kossou. This program has delivered strong gold intercepts, particularly at the Jagger and Road Cut Zones, where we continue to refine our understanding of the mineralization. While results at the Road Cut and Kadie Zones have been encouraging, further work is required to fully define the scale and continuity of these targets. With drilling now complete across multiple priority gold targets, we are now entering an important phase of analysis to refine our structural model and optimize the next drill program, set to begin in Q2 2025. We anticipate significantly expanding our drilling efforts in the months ahead, with the goal of positioning ourselves for a potential maiden Mineral Resource Estimate by early 2026.”
He concluded: “Beyond Kossou, grassroots exploration has commenced at our Kotobi permit in eastern Côte d’Ivoire, targeting anomalies identified through our 2024 airborne magnetic survey. Additionally, we remain active in securing new land packages to enhance our portfolio, as Côte d’Ivoire continues to demonstrate its potential as a premier jurisdiction for gold discoveries.”
Road Cut Zone
Results from the final 12 diamond drill holes at the RCZ have been received. A plan map showing collar locations is provided in Figure 1, and a full summary of all drill intercepts can be found in Table 1 below.
Diamond drill hole KDD0061 was drilled on section RCZ150 to test the down-dip extension of gold mineralisation identified in the previously drilled KDD0017, which returned 5.0 m at 4.30 g/t Au ( see press release dated July 18, 2024) and Reverse Circulation (“RC”) holes KRC040 and KRC041, which had the best intercepts of 11.0 m at 3.78 g/t Au and 12.0 m at 1.29 g/t Au, respectively ( see press release dated August 14, 2023). KDD0061 successfully intersected several shear zones that correlate with the interpreted structures from previous drilling, but the best intercept of 8.0 m at 1.00 g/t Au from 43.0 m relates to a previously undrilled shear zone in the upper portion of the drill hole. This drill hole pushed through to the volcanic/sediment contact that is represented by the Contact Zone Fault, identified as a significant first order structure. Shearing and weak gold mineralisation was also identified at this contact. Full drill results are provided in Table 1.
Diamond drill hole KDD0062 was drilled on section RCZ950, targeting a 50 m step out south from KDD0060 that returned a number of lower grade gold intercepts in shear zones ( see press release dated January 30, 2025). This hole intersected moderate gold mineralisation, including 5.0 m at 1.05 g/t Au from 62.0 m, associated with shearing and veining. The interval correlates with the shear zones in KDD0060 on Section RCZ900. Hole KDD0063 drilled a further 50 m to the south on section RCZ100 and intersected several shear zones with the best interval 1.0 m at 2.29 g/t Au from 110.0 m being associated with an oblique V2 quartz vein.
Figure 1: Road Cut Zone Diamond Drill Results and Collar Location Map
KDD0064 was drilled on section RCZ100 to test previously reported results from the initial RC drill program in 2023. Results from KDD0064 were consistent with previous results from holes KRC038 and KRC039 ( see press release dated August 14, 2023), and were associated with an oblique V2 vein with the best hole returning 4.0 m at 1.30 g/t Au from 225.0 m. KDD0064 was drilled into the volcanic/sediment contact and strong shearing was logged at the contact, however, gold values were below significant levels grading 3.0 m at 0.12 g/t Au from 285 m.
Drill hole KDD0065 was drilled on section RCZ050 and targeted results from RC hole KRC037 that returned 6.0 m at 2.04 g/t Au and 10.0 m at 0.77 g/t Au ( see press release dated August 14, 2023). KDD0065 intercepted a number of anomalous shear zones, including 7.0 m at 1.43 g/t Au from 148.0 m, correlating with the second intercept stated above. The gold mineralisation is also associated with oblique V2 quartz veinlets.
Two holes, KDD0066 and KDD0068, were drilled on section RCZ650 to test for mineralisation along the RCZ shear zone. In both drill holes, several predicted shear zones were intersected over significant widths with gold mineralisation associated with V1 and V2 veins sets. KDD0066 intersected four significant zones: 4.0 m at 5.10 g/t Au from 16.0 m, 10.0 m at 3.20 g/t Au from 70.0 m, including 3.0 m at 9.13 g/t Au from 77.0 m, 5.0 m at 1.53 g/t Au from 180.0 m and 3.0 m at 1.69 g/t Au from 204.0 m. Hole KDD0068 overcut KDD0066 and had key intercepts of 8.0 m at 1.50 g/t Au from 92.0 m and 4.0 m at 0.68 g/t Au from 148.0 m. Shear zones mapped between the drill holes exhibit strong correlation, with peak gold grades primarily associated with the presence of V1 and/or V2 veins within or proximal to these structures. See x-section RCZ650 in Figure 2.
Five drill holes (KDD0067, KDD0069-0071, and KDD0073) were completed in the northern Road Cut Zone area, targeting the highly silicified volcanic unit originally identified through sampling, which returned 18.2 m at 4.64 g/t Au. Previous drilling had not intersected this specific zone, prompting a series of shorter holes to test the target and assess mineralization associated with the northerly trending shear zones. Gold distribution in this area remains highly variable, and ongoing studies are focused on understanding the complex structural controls influencing mineralization. Drill hole KDD0070 intersected the silicified volcanic unit from surface, returning 4.0 m at 2.95 g/t Au from 0 m. A deeper interval in the same hole returned 5.2 m at 3.42 g/t Au, associated with sheared volcanics and cross-cutting quartz veins. Additionally, KDD0067 encountered multiple north-trending shear zones, highlighted by 3.0 m at 2.01 g/t Au from 44.0 m and a broader mineralized interval of 13.0 m at 1.11 g/t Au from 78.0 m.
Figure 2: Road Cut Zone – Section RCZ650 Simplified Geological Cross-Section
Shadow Zone
Two drill holes, KDD0074 and KDD0075, were drilled at the Shadow Zone to test the depth extension of significant artisanal mining along a 350 m northeast-southwest trend, where local miners have reportedly extracted gold to depths of over 40 m. See Figure 3 for collar locations. KDD0074 returned 1.0 m at 8.97 g/t Au from a smoky white quartz vein hosted within massive and pillowed basalts exhibiting moderate chlorite/sericite/silicification. While both drill holes encountered quartz-carbonate veining, most intervals did not carry significant gold. KDD0075 did not intersect any anomalous vein structures, and no broad shear zone was identified in either hole, suggesting further work is required to determine the structural controls on mineralization in this area.
Figure 3: Shadow Zone Diamond Drill Results and Collar Location Map
Table 1: Summary of Significant Diamond Drill Hole Results
An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.
Sampling, QA/QC, and Analytical Procedures
Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Samples are transported to the SGS Côte d’Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits.
Review of Technical Information
The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.
With over 15,000 meters of diamond drilling, nearly 5,900 meters of reverse circulation (RC) drilling, and 5,900 meters of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralization at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralization, setting the stage for the next phase of systematic exploration and resource development.
Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol "KRI”. For more information, please visit www.koboresources.com.
For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com
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Cautionary Statement on Forward-looking Information:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
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