Toubani Resources (ASX:TRE) - CEO, Phil Russo
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  • Toubani Resources (TRE) confirms the 2022 discovery of its Kobada East prospect through maiden drilling work at its Kobada gold project in southern Mali
  • The company says its recent drilling identified shallow oxide mineralisation below the auger anomaly over a strike length of 400 metres
  • TRE reports results such as six metres at 0.85 grams per tonne (g/t) gold, including two metres at 1.7 g/t gold
  • According to Toubani CEO Phil Russo, these results highlight the potential for new discoveries within the Kodaba project
  • Shares in TRE are up 2.78 per cent and trading at 18.5 cents at midday AEST

Toubani Resources (TRE) has confirmed the 2022 discovery of its Kobada East prospect through maiden drilling work at its Kobada gold project in southern Mali.

The company said this was a “significant milestone”, with its drilling work identifying shallow oxide mineralisation below the auger anomaly over a strike length of 400 metres.

Significant intersections at Kodoba East included six metres at 0.85 grams per tonne (g/t), including 2 metres at 1.7 g/t.

Toubani CEO Phil Russo said these results highlight the potential for new discoveries within its Kobada project.

“Four of our five planned regional targets in this current drill program have now intersected new areas of mineralisation: an excellent result,” he said.

“In many ways, these intersections at Kobada East, as well those reported so far for Kobada North and Gosso, are reminiscent of the early drilling results at Kobada Main where numerous one-metre to 2-metre intervals were intercepted, reflecting the mineralisation style seen across the project.”

Other significant hits included one metre at 3.58 g/t and one metre at 3.35 g/t.

Mr Russo said the company was “excited” to continue with its drilling, with results anticipated shortly from the remaining target areas.

Shares in TRE were up 2.78 per cent and trading at 18.5 cents at midday AEST.

TRE by the numbers
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