Toubani Resources Finds High-Grade Gold Mineralization at Mali Project

MT Newswires Live

Feb 16

Toubani Resources (ASX:TRE) said it found high-grade, near-surface oxide gold mineralization during a recent drilling at its Kobada Gold Project in Mali, according to a Monday Australian bourse filing.

The results were up to 19 meters at 1.02 grams per tonne grade of gold from eight meters, and one meter at 39.7 g/t gold from 85 meters.

The company said that the mineralization lies on the margins of Kobada's current mineral resource estimate (MRE) in a zone that was predominantly classified as inferred.

The company expects the results to increase the oxide MRE in the Kobada South area and potentially upgrade specific zones to a higher-confidence inferred category.

Reverse circulation drilling continues on site, with drilling underway in the northern portion of the deposit, testing similar targets adjacent to the Kobada MRE, the filing added.

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