Latest news with #mineralisation
Associated Press
21 hours ago
- Business
- Associated Press
Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results
QUEBEC CITY--(BUSINESS WIRE)--Jun 19, 2025-- Kobo Resources Inc. (" Kobo' or the " Company ") ( TSX.V: KRI ) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project (' Kossou ') in Côte d'Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth. This press release features multimedia. View the full release here: Diamond Drill Results – Highlights: Jagger Zone: Edward Gosselin, CEO and Director of Kobo commented: 'These latest results reinforce the scale and continuity of gold mineralisation at the Jagger Zone. We are encouraged by the width and tenor of the intercepts, which continue to validate our structural model and further support our systematic exploration approach at Kossou. With drilling still underway across our other high-priority targets, we are well-positioned to advance Kossou toward its maiden resource estimate next year as our exploration work continues.' Jagger Zone Drilling Highlights Scale and Continuity Results from seven diamond drill holes (KDD0080 to KDD0086), completed on sections JZ 525 to JZ 725 within the Jagger Zone, have been received and continue to expand the Company's understanding of this highly prospective target (see Figure 1). Gold mineralisation is hosted within and along the contacts of quartz feldspar porphyry and diorite intrusions, as well as within sheared contacts of basaltic massive and pillowed flow units. These structures define significant, laterally and vertically continuous gold-bearing zones that are traceable along strike and down dip. Notably, wide mineralised intervals in hole KDD0084, including 8.0 m at 1.41 g/t Au from 88.0 m and 21.5 m at 1.14 g/t Au* from 106.0 m (see Figure 2), demonstrate the presence of multiple stacked gold zones across the broader Jagger Shear Zone. On section JZ 700, gold mineralisation continues to demonstrate strong continuity and consistent geological associations observed in earlier drilling. Notable intercepts include 20.0 m at 1.41 g/t Au* from 106.0 m, including 5.0 m at 3.70 g/t Au, and 7.0 m at 1.20 g/t Au from 154.0 m. These results support the broader interpretation of the Jagger Shear Zone as a robust, multi-zone gold system and correlate well with previously reported drill holes and surface trench KTR030a (see Figure 3 for Section JZ 700.) Geological and Structural Setting of Gold Mineralisation at Kossou and the Jagger Zone Gold mineralisation at Kossou is hosted within a N-S trending, steeply west-dipping deformation corridor associated with the regional Contact Zone Fault, which separates basaltic volcanic flows from volcano-sedimentary rocks. Within this corridor, the 'Jagger Shear Corridor', brittle-ductile shear zones act as the primary structural controls on gold emplacement, particularly where lithological contrasts occur between basaltic units and intrusive rocks, including diorite and quartz-feldspar porphyry dykes. At the Jagger Zone, the main shear system is developed within a zone approximately 70-m wide and is closely associated with intrusive contacts. Drill core analysis has identified multiple quartz vein generations related to mineralisation. The V1 vein set consists of quartz veins and veinlets parallel to the S1 foliation, commonly occurring within the main shear zones and bearing gold. The dominant mineralized structures, however, are V2A veins, which trend west-northwest to northwest and are prominent both within and adjacent to the shears. A secondary vein set, V2B, is characterized by sub-horizontal hairline fractures and veinlets, which carry only sporadic gold mineralisation. Drilling to date indicates that gold mineralisation pinches and swells along strike and at depth, consistent with structurally controlled orogenic gold systems commonly found within the Birimian terrane of West Africa. Table 1: Summary of Significant Diamond Drill Hole Results An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances. The Company also reports the filing of its audited consolidated financial statements for the twelve-month period ended March 31, 2025, and related management's discussion and analysis. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile on SEDAR+ at as well as on the Company's website at Sampling, QA/QC, and Analytical Procedures Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled HQ to below oxidation level and then is reduced to NQ for the remainder of the drill hole. Samples are transported to the SGS Côte d'Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits. Review of Technical Information The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo. About Kobo Resources Inc. Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities. With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development. Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol 'KRI'. For more information, please visit Twitter: @KoboResources | LinkedIn: Kobo Resources Inc. NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement on Forward-looking Information:View source version on CONTACT: For further information, please contact:Edward Gosselin Chief Executive Officer and Director 1-418-609-3587 [email protected] KEYWORD: EUROPE UNITED KINGDOM NORTH AMERICA CANADA INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES SOURCE: Kobo Resources Inc. Copyright Business Wire 2025. PUB: 06/19/2025 07:30 AM/DISC: 06/19/2025 07:28 AM
The Australian
2 days ago
- Business
- The Australian
ITM on tail of Reynolds Range antimony
ITM identifies up to 12.35g/t gold and 5.4% antimony in historical drilling Results add to project's gold and antimony prospectivity with new structures emerging Mapping and sampling planned ahead of drilling Special Report: iTech Minerals has identified gold and antimony in data from historical drilling and rock chips at Falchion prospect of its Reynolds Range project in the NT. The project area is part of the ~42km-long Stafford Gold Trend with 50km of strike coincident with the Trans-Tanami regional structure. Previous gold exploration at Reynolds Range in the 1990s was conducted primarily by Poseidon Gold, Exodus Minerals, North Flinders Mines, Normandy and Newmont. Historical drill holes at Falchion were on the hunt for gold and not routinely analysed for antimony. But now, the company has revealed historical mineralisation over a strike of 400m and this is open to the east. Notable results include: 22m at 2.20g/t gold and 2.3% antimony and 8m at 1.3g/t Au including 2m at 12.35g/t Au and 5.4% Sb; 24m at 2.75g/t Au; 10m at 1.29g/t Au; and 7m at 1.4g/t Au. A review of the controls on gold and antimony mineralisation has identified multiple prospective structures in the surrounding region and this new geological interpretation allows for expanded gold prospectivity at Falchion and surrounding prospects. iTech Minerals (ASX:ITM) plans to test targets down dip of existing mineralisation, extensions of mineralisation to the west and underneath mineralised rock chips missed by historical drilling as well as exploring along strike of the northern gold zone to the east. Watch: iTech joins forces with powerhouse SQM 18km of prospective gold/antimony structures Notably, the geological review found chargeability anomalies caused by high concentrations of sulphides (including pyrrhotite) associated with gold-antimony mineralisation and defined by gradient array induced polarisation. The company also found a subtle magnetic anomaly due to high concentrations of magnetic pyrrhotite associated with gold-antimony mineralisation. ITM has now identified more than 18km of prospective structures coincident with a regional 6.5km-long antimony in lag soil anomaly. 'A review of historical drilling at the Falchion gold-antimony prospect has identified up to 400m of mineralised strike just 1.4km from the 800m-long Sabre gold antimony prospect to the east,' managing director Mike Schwarz said. 'Importantly the Falchion prospect remains open at depth and to the east. 'Up to 18km of prospective structures have been identified in the region based on similarities to the Falchion and Sabre prospects.' Mapping and sampling of the newly identified prospective structures is planned to help narrow down targets with potential for economic mineralisation for drill testing. Drilling is expected to commence in the second half of 2025. This article was developed in collaboration with iTech Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Australian
4 days ago
- Business
- The Australian
LAT strikes bedrock anomalies in Finland
Latitude 66 completes RC drilling at the K6 prospect, testing gold-cobalt targets The results confirm the extension of the mineralised gold trend from the K1 deposit to the K6 prospects is about 2.5km Future work at K6E will focus on refining the structural model through detailed mapping and reprocessing of geophysical datasets Special report: A recently completed reverse circulation drilling program at Latitude's K6 prospect has successfully tested gold-cobalt prospective targets, confirming the extension of the mineralised gold trend stretches for 2.5km. The program comprised 12 vertical RC drill holes, totalling 315m, and was designed to test the K6E and K6W prospects. Drilling focused on zones defined by discrete induced polarisation (IP) chargeability anomalies coincident with surface boulder samples returning up to 8.8g/t gold and 0.6% copper. RC drilling intersected zones of anomalous gold, cobalt and copper mineralisation across both targets and confirms the presence of a chargeable source close to surface. The tenor and distribution of mineralisation suggests the intersected mineralisation may represent a distal expression of a more robust, deeper mineralised system. A secondary objective of the program was to evaluate RC drilling as a lower-cost, higher-productivity alternative to diamond core drilling for early-stage exploration in the Finnish environment. RC drilling, though uncommon in European terrains, achieves significantly faster drilling rates and is about half the cost of comparable diamond core drilling. Latitude 66 (ASX:LAT) believes the drilling at K6E and K6W demonstrated the effectiveness of the RC drilling technique for shallow testing and confirmed its suitability for rapid first-pass exploration across the broader KSB project area. LAT managing director Grant Coyle said the trial of RC drilling has proven successful at the flagship KSB project in northern Finland, where RC drilling is not widely used outside of mine development drilling. 'This is an exciting step forward in improving efficient early-stage drilling that has the potential to accelerate exploration and resource growth for the KSB project,' Coyle said. 'The results from this program have provided valuable information to understand the characteristics of mineralisation and will guide our future follow up work on the K6 Prospect area nearby to the K1, K2 and K3 deposits.' Location of drill areas K6E and K6W. Pic: LAT What else is happening? Future work at K6E will focus on refining the structural model through detailed mapping and reprocessing of geophysical datasets to further understand the interpreted fold hinge and associated lithological contacts. This next phase of exploration will aim to determine whether the down-dip chargeability anomaly corresponds to a more robust zone of mineralisation and to assess the broader mineral potential of the K6 corridor. This article was developed in collaboration with Latitude 66, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Australian
4 days ago
- Business
- The Australian
Nimy hits high-grade gallium
Nimy delivers impressive gallium grades at Block 3 Gallium runs from surface to the end of hole depth of 240m where it remains open Nimy intends to establish a maiden resource for release in the December quarter Special report: Phase 2 drilling at Nimy's Block 3 project in WA has delivered high-grade gallium in the first four holes, confirming the potential for the asset to emerge as a standalone gallium development. Consistent near-surface and deeper mineralisation has been intersected across all holes, including: 240m at 55g/t gallium trioxide, including 56m at 101g/t Ga2O3 from 60m; 240m at 57g/t gallium trioxide, including 20m @ 102g/t Ga2O3 from 40m; 240m at 30g/t gallium trioxide, including 28m at 59g/t Ga 2O3 from 216m to the end of the hole; 240m at 37g/t gallium trioxide, including 8m at 108g/t Ga2O3 from 144m and 20m @63g/t Ga 2 O 3 from 220m to end of hole. The gallium runs from surface to the end of hole depths of 240m, where it remains open. Results have extended and infilled known mineralisation with assays pending from the remaining nine holes of the phase 2 program and 12 holes from the soon-to-be-completed phase 3 program. Background on Block 3 Recent exploration uncovered the gallium opportunity at Nimy's (ASX:NIM) Block 3 project within the Mons greenstone belt, northwest of the Forrestania nickel-lithium district. The project boasts an exploration target of 9.6-14.3Mt at 39ppm to 78ppm gallium, positioning the company to potentially become WA's first primary producer of the critical mineral. Gallium, a specialty metal essential for computer chip production and widely used in electronics, AI and defence, has seen rising global interest following China's 2023 export controls. While most gallium is produced as a secondary output from alumina and zinc operations, NIM is looking to establish a primary source at Block 3, where standout grades have been identified. Targeting high-grade gallium resource NIM managing director Luke Hampson said the first assays from phase 2 drilling indicated a continuation of high-grade gallium immediately east, west and south of the company's previously drilled high-grade holes. 'These results give us confidence in our drilling strategy, targeting a substantial high-grade gallium JORC resource. 'Importantly, drilling is demonstrating an extensive and coherent mineralised system,' he said. 'With phase 3 nearing completion and remaining phase 2 assays due shortly, we are defining a globally significant gallium project capable of supporting, in part, the supply needs of the Western world.' What else is happening? Upon receipt of the final assays from phase 3 drilling, NIM intends to calculate a maiden resource for release in the December quarter. Exploration is also underway to identify extensions of chlorite schist which hosts the gallium. The schist has already been identified well beyond the known mineralisation, highlighting the scope for ongoing growth in the discovery. This article was developed in collaboration with Nimy Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Australian
03-06-2025
- Business
- The Australian
StockTake: Antares Metals
Stockhead's Tylah Tully looks at the latest from Antares Metals (ASX:AM5) after it uncovered a potentially large-scale copper prospect called Marvel, with an 80 metre wide intercept of disseminated sulphide and chalcopyrite mineralisation. The find comes among a drilling campaign successful in discovering several new copper targets, so tune in to hear the plan going forward over what Antares sees as a potential analogue to a nearby producer. This video was developed in collaboration with Antares Metals, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
