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- ASX-newcomer, Toubani Resources (TRE) appoints a drilling contractor to kick off work at its Kobada project in Mali
- The fresh round of drilling will test five key areas identified through previous geophysical work and historical drill data with the aim of building the current resource
- Since listing on the ASX last week, CEO Danny Callow says the company moved quickly to appoint a professional Mali-based drilling contractor to undertake this extensive program
- The CEO says this round of work is the culmination of three years drilling and understanding the structural geology in the region and its three contiguous concessions
- Shares in Toubani are down 4.55 per cent to trade at 21 cents at 11:00 am AEDT
ASX-newcomer, Toubani Resources (TRE) has appointed a drilling contractor to kick off work at its Kobada project in Mali.
The 2022/2023 exploration drilling campaign has been designed to test five key areas identified through previous geophysical work and historical drill data.
Specifically, the program will test a mineralised part of the main shear zone to the south and north, as well as a second mineralised zone to the east of the main Kobada orebody.
The overall focus is to build on the baseline of the total mineral resource estimate of 3.1 million ounces by testing strike extensions along known and interpreted zones.
This round of work comes one week since the African gold explorer began trading on the ASX.
CEO Danny Callow said the company had moved quickly to appoint a professional Mali-based drilling contractor to undertake this extensive program.
“The appointment of ETASI follows on from our commitment to focus on determining the highly prospective upside on our concessions, and building on our baseline of total mineral resource estimate of 3.1 million ounces.
The CEO said Toubani had spent the past three years drilling and understanding the structural geology in the region and its three contiguous concessions.
Shares in Toubani were down 4.55 per cent to trade at 21 cents at 11:00 am AEDT.
