Drill program at Kobada Gold Project in Mali begins

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Drill program at Kobada Gold Project in Mali begins

Drilling program at the Kobada Gold Project in Mali has begun. Toubani Resources, Inc. announced that the works is designed to focus on targeting highly prospective strike extension from the existing resource base.

Kobada Gold Project is located approximately 126 km south-west of Bamako, the capital city of Mali, in the Birimian Greenstone belt, with excellent transportation links to the capital and excellent logistics routes via other West African ports.

The 10,750 meters drill program will mark the first drilling campaign following the dual listing on the Australian Securities Exchange (“ASX”) 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.

Drilling campaign

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 and follow up on auger drilling anomalies showing strong gold mineralisation.

A comprehensive drill program has been designed to target all known anomalies on the Kobada Gold Project. The program will be revised according to the results from the current drill program. 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.

 

 

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