Toubani Resources (ASX:TRE) increases strike at Kobada, Mali

• Toubani Resources (TRE) confirms further mineralisation at its Kobada gold project in Southern Mali
• The company received further results from an ongoing drilling program, which extended the mineralisation north of the Kobada Main deposit, spanning a strike length of 4.5 kilometres
• The company says the current program is designed to drill test several high-value targets outside the 3.1-million-ounce Kobada Main deposit
• Toubani’s CEO Phil Russo says that given the success of the overall campaign, the company have elected to increase the program by an additional 3000 metres, with the overall program set to be completed in the coming weeks
• Toubani Resources last traded at 18.5 cents at 1:55 pm AEST

Toubani Resources (TRE) has confirmed further mineralisation at its Kobada gold project in Southern Mali.

The company received further results from an ongoing drilling program, which extended the mineralisation north of the Kobada Main deposit over two kilometres from previous drilling, spanning a strike length of 4.5 kilometres.  

Toubani Resources said the current program is designed to drill test several high-value targets outside the 3.1-million-ounce Kobada Main deposit.

At the Gosso target, the company intersected shallow, oxide mineralisation with results including one metre at 5.78 grams per tonne (g/t), two metres at 1.44 g/t, and one metre at 3.16 g/t.

The company confirmed mineralisation at Gosso remains open to the north and south, with Toubani’s drilling increasing the strike of known mineralisation to over two kilometres.

“Following the success of our initial results last month, we are pleased to have continued to intersect mineralisation and extend strike at all targets tested so far,” TRE CEO Phil Russo said.

“Our belief is that the potential scale of Kobada is much more extensive, and our drilling program continues to confirm this.”

Drilling is now in progress at Kobada West, a previously undrilled structure parallel to the Kobada Main Shear.

Toubani’s CEO said that given the success of the overall campaign, the company has elected to increase the program by an additional 3000 metres, with the overall program set to be completed in the coming weeks.

Toubani Resources last traded at 18.5 cents at 1:55 pm AEST.