Toubani Resources has announced results from drilling program at Kobada Gold Project in Mali. The firm made significant progress with 2.4 Moz in Mineral Resources and with a substantial strike length according to Toubani CEO Phil Russo, the project appears promising.
Covering an area of approximately 135.7km², the Kobada Gold Project is located approximately 125km south-south-west (SSW) of Bamako, the capital city of Mali, and is adjacent to the Niger River and the border of Guinea. CEO Phil Russo’s remarks suggest optimism about the ongoing drilling program, particularly in terms of confirming significant widths and grades. The focus on derisking and unlocking value underscores the company’s strategic approach.
Kobada Gold Project
Russo’s mention of investigating higher grade zones during resource update work indicates a proactive stance towards enhancing the project’s potential. This aligns with the broader strategy of maximizing value and optionality at Kobada. The emphasis on a bulk mining approach, coupled with the potential for defining higher grade zones, reflects a balanced approach to project development.
Toubani Resources’ commitment to advancing Africa’s next large gold development project underscores its confidence in the Kobada Gold Project’s potential. The company’s experienced leadership and track record in Africa further bolster its credibility in executing its development strategy. Overall, the updates suggest a focused and strategic approach towards realizing the full potential of the Kobada project.
