Toubani drills eight m of 20.69 g/t Au at Kobada

2022-08-02 11:22 ET - News Release

Mr. Danny Callow reports

TOUBANI RESOURCES AUGER DRILLING CONFIRMS FURTHER GOLD MINERALIZATION ON THE KOBADA EST PERMIT OF THE KOBADA GOLD PROJECT IN MALI

Toubani Resources Inc. (formerly African Gold Group Inc.) has provided an update on the auger drilling campaign on the Kobada Est permit area of its Kobada gold project located in southwestern Mali, Africa. The update is based on the auger drilling completed to date, which commenced on April 7, 2022, and is still continuing. Additional exploration activities are also planned for the Faraba permit area once this initial auger drilling at Kobada Est has been completed.

Highlights:

Significant gold intersections above 0.3 gram per tonne in target E:
20.69 grams per tonne gold over eight m from two m to 10 m (drill hole E-423);
Including 78.9 g/t Au over two m;
Including 3.14 g/t Au over two m.
1.81 g/t Au over eight m from 10 m to 18 m (drill hole E-412);
Including 3.94 g/t Au over two m;
2.42 g/t Au over two m from zero m to two m (drill hole E-417).
720 m by 150 m, 0.5 g/t gold anomaly on target E;
Target E potential for extension and widening to the north.
Toubani Resource's president and chief executive officer Danny Callow, stated:

"Our auger drilling campaign is the next step of regional exploration to meet conditions on our two exploration permits (Kobada Est and Faraba). The wide-spaced drilling program was designed to identify trends above the background gold grade which then warrants further follow-up with targeted drilling. W...

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