financetom
Business
financetom
/
Business
/
Kobo Resources Reports Final Gold Assay Results From Initial Diamond Drill Program
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kobo Resources Reports Final Gold Assay Results From Initial Diamond Drill Program
Aug 13, 2024 5:53 AM

08:28 AM EDT, 08/13/2024 (MT Newswires) -- Kobo Resources ( KBRIF ) , which gained 5.5% yesterday, on Tuesday announced final assay results from the remaining seven drill holes as part of the company's diamond drilling program at its Kossou Gold Project in Cote d'Ivoire.

These results are part of the completed 4,368.5 metres of diamond drilling across 25 holes on the company's three key gold targets: Jagger Zone, Road Cut Zone, and Kadie Zone.

"The final results from our initial diamond drilling program underscore the strong potential of the Kossou Gold Project, particularly with high-grade intercepts, including 14 metres at 2.91 g/t Au and 6 metres at 5.47 g/t Au from the Jagger Zone, confirming the continuity and depth of mineralization at this key gold target," said CEO Edward Gosselin. "These findings not only build upon our previous exploration work, but they are providing a solid basis for the upcoming diamond drilling program set to start in September."

In the Road Cut Zone, the Diamond drill hole KDD0020, drilled 50 m north of KDD0012, intersected significant shearing but yielded only 2.0 m at 0.30 g/t Au from 48.0 m.

In the Kadie Zone, KDD0024 which tested the Kadie 2 anomaly 50 m southeast of KDD0004 returned several gold mineralization zones (2.0 m at 3.95 g/t Au from 17.0 m and 7.0 m at 1.91 g/t Au, including 2.0 m at 5.76 g/t Au from 64.0 m depth).

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Silver lining: Tutoring the elderly is growing fast in China
Silver lining: Tutoring the elderly is growing fast in China
Mar 17, 2024
HONG KONG/BEIJING, March 18 (Reuters) - China's rapidly aging population is fuelling a promising and fast-growing market for companies providing recreational classes and activities for the elderly middle class, from yoga to African drumming and smartphone photography. The growth potential of the industry contrasts sharply with the decline of the after-school private tutoring sector following a government crackdown in 2021...
Market Chatter: Advent Nearing Deal to Buy Canadian Payments Processor Nuvei, source says
Market Chatter: Advent Nearing Deal to Buy Canadian Payments Processor Nuvei, source says
Mar 17, 2024
08:01 PM EDT, 03/17/2024 (MT Newswires) -- Private equity firm Advent International is in advanced talks to buy Nuvei ( NVEI ), a Canadian payments technology company that has received financial backing from actor Ryan Reynolds, a source familiar with the matter told Reuters on Saturday. A deal could be announced soon, said the source, who asked not to be...
Venture Global LNG to buy fleet of vessels
Venture Global LNG to buy fleet of vessels
Mar 17, 2024
HOUSTON, March 17 (Reuters) - Venture Global LNG said on Sunday it would acquire a fleet of nine liquefied natural gas (LNG) transport vessels, expanding its ability to sell and ship its own cargoes. Venture Global has exported hundreds of cargoes since it started liquefying gas for export in 2022 from the first of its three planned facilities in Louisiana....
Uber to pay $178 million to settle lawsuit with Australia taxi drivers, law firm says
Uber to pay $178 million to settle lawsuit with Australia taxi drivers, law firm says
Mar 17, 2024
SYDNEY (Reuters) - Uber ( UBER ) has agreed to pay A$271.8 million ($178.3 million) to settle a lawsuit in Australia brought by taxi operators and drivers, who alleged they lost income when the ride-hailing company moved into the country, a law firm said on Monday. Maurice Blackburn Lawyers filed the class action in 2019 in the Supreme Court of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved