Toubani Resources delivers promising gold intersections, aims for JORC upgrade

Toubani Resources delivers promising gold intersections, aims for JORC upgrade

Toubani Resources Ltd (ASX:TRE) CEO Phil Russo sits down with Proactive’s Jonathan Jackson to talk through the high-grade oxide gold intersections from infill drilling at the 2.4-million-ounce Kobada Gold Project in Mali. The company highlighted a significant find with a screen fire assay of 2 metres at 178 g/t gold within a broader 19-metre intersection averaging 20 g/t from a depth of 105 metres.

These results are instrumental for Toubani in converting the Kobada deposit to higher JORC-compliant confidence levels, potentially delineating higher grade zones within the deposit.

Russo noted the program’s role in derisking and enhancing the value of the Kobada deposit and expressed satisfaction with the results, which align with the company’s goals of confirming significant widths and grades. He also mentioned the ongoing work to explore higher grade zones, which could augment the bulk mining strategy of the broader deposit and enhance the forthcoming definitive feasibility study (DFS).

The company recently completed its first 43 holes of the drilling program and has released results for an additional 11 holes. Drilling is expected to conclude soon, with results contributing to an updated mineral resource estimate scheduled for the second quarter of this year. This estimate will inform the ore reserve for the upcoming DFS update.

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