Toubani Resources, Inc. (ASX: TRE; TSX-V: TRE) has commenced a 10,750 m drill programme at the company`s flagship Kobada Gold Project in southern Mali, West Africa.
The 2022/2023 drilling campaign is designed to focus on targeting highly prospective strike extension from the existing resource base.
The drill programme will mark the first drilling campaign following the company’s dual listing on the Australian Securities Exchange and will focus on the previously identified target areas, based on soil geochemical sampling, artisanal mining, geophysics trends and historical drillholes, in the larger Kobada mining permit area. The aim of the drilling campaign is the following:
• Testing the mineralised zone of the main shear zone (“MSZ”) to the south and north
• Testing the continuity of a second mineralised zone to the east of the main Kobada orebody
• Drilling around historical artisanal mining where there are extensive workings
• Testing new potential gold mineralised zones
• Follow up on auger drilling anomalies showing strong gold mineralisation
The drilling programme is testing four target areas, along the Kobada Shear (Target 1,2,3 and 4), one target on the Gosso Shear (Target 5) and Kobada Est concessions (Target 6).
A comprehensive drill programme has been designed to target all known anomalies on the Kobada Gold Project. The program will be revised according to the results received.
In line with the company policy of utilising high-quality local service providers, the contract for the upcoming drilling campaign has been awarded to a West Africa-focused drilling company that is permanently based in Mali. ETASI, with its specialised personnel, has been recognised as one of the leading providers of specialist drilling services in the region.
“We are pleased to see the drills turning back at Kobada following a very well supported ASX listing,” President and CEO, Danny Callow, said.
“We believe that near term value is in the drill-bit with more than 50km of identified shear zones yet to be tested. The drill campaign will focus on the highly prospective areas around the existing resource shell, specifically looking at extending the mineralised strike length to determine upside to the resource.
“We will be focusing our campaign on stepping out from known mineralisation, as well as following up areas that have shown potential through our regional exploration results. These are exciting times for Toubani and we look forwards to testing the upside potential through this exploration programme.
“We have spent the past three years focusing on defining and upgrading the quality of the resource and are pleased to have a total resource of 3.1 million ounces already defined, of which 1.7 million ounces is in the Measured and Indicated category.
“Our previous success with the drill bit (growing resources by more than 40% since late 2019) gives us confidence that there are a lot more ounces to define on this property. We look forwards to updating the market with ongoing results of this campaign in due course.”
For further information please visit: https://www.toubaniresources.com/
