A 10,750 meter drill program has commenced at Toubani Resources’ flagship Kobada Gold Project in southern Mali. The 2022/2023 drilling campaign is designed to focus on targeting highly prospective strike extension from the existing resource base.
The 10,750 metre drill program will mark the first drilling campaign following the 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
Toubani Resource’s President and CEO, Mr. Danny Callow, commented:
“We are pleased to see the drills turning back at Kobada following a very well supported ASX listing. 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 forward to testing the upside potential through this exploration programme.
Toubani Resources have spent the past three years focusing on defining and upgrading the quality of the resource and now have a total resource of 3.1 million ounces 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 forward to updating the market with ongoing results of this campaign in due course.”
