Kobo Resources Inc. is a Canadian based gold exploration company with its key assets underlain by the highly prospective, but under explored Birimian Formation rocks in Cote d’Ivoire. Our flagship project, the Kossou Project, lies immediately adjacent to the Yaouré Gold Mine operated by Perseus Mining that went into commercial production in 2021. The Kossou Project hosts significant new gold discoveries highlighted with significant rock sampling, trenching and strong gold in soil geochemical anomalies covering a combined strike length of +4 kilometers with widths in excess of 500 m – all new and previously unexplored gold targets.
Kobo’s primary objective is to focus on the exploration and development of the Kossou Project, (permit PR0852) which covers 147.365 km2. The Kossou Project is located in the Yamoussoukro and Bouaflé regions of central Côte d’Ivoire. The permit is located approximately 22 km to the northwest from the capital Yamoussoukro and 250 km from the financial capital of Abidjan. Importantly, the key gold showings are located within 6 to 10 kilometers of the Yaouré open pits and process facilities.
The primary target, the Road Cut Zone, is located within 6 km of the Yaouré mine infrastructure and boasts initial rock sampling results of 4.49 g/t Au over 18 m. The Jagger Zone represents a series of rock and soil anomalies to the south of The Road Cut Zone and represent additional opportunity for discovery. Significant geological and structural mapping, soil geochemistry and drone magnetic surveying has been completed and the project is drill ready. The Kossou Project shows many similarities to the geological controls, alteration and mineralisation styles as seen at Yaouré. New observations of gold mineralisation associated with a sheared contact between volcanics and volcano-sedimentary rock units illustrate the potential for large scale gold mineralisation.
Field work in 2022 focused on continued geological mapping, trenching and extension of the soil geochemical program based on previous results and current observations. In 2023 the Company plans to initiate it’s maiden drill program with RC drill holes exploring the well defined Road Cut Showing and testing trenching and geochemical targets within the Jagger Zone. The company expects to drill approximately 3,000 m in a Phase 1 program in early 2023.
The Yaouré Gold Deposit is reported to contain gold resources (Measured and Indicated) of 2.21 million ounces (47.9 million tonnes @1.37 g/t Au), with 1.6 million ounces in Proven and Probable Reserve. The most recent feasibility study completed on the project concluded an 8.5-year mine life with an all-in sustaining cost of $745 per ounce www.perseusmining.com).
Kobo’s land package includes another permit (Bongouanou) covering 302 km2 and as well as 3 other pending applications totalling 1068 km2, all within the same regional area of Bongouanou.
High Net Worth Individuals – 35% Pre-IPO
Management Ownership – 65% Pre-RTO
Complete RTO by January 15, 2023
Start of a drill program in Q1 2023
Expand the drill program at Kossou, enhance preliminary exploration on the Bongouanou license and secure the Mbatto license currently pending.