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Toubani Resources Auger Drilling Confirms Further Gold Mineralization on the Kobada Est Permit of the Kobada Gold Project02.08.2022 | 14:00 Uhr | GlobeNewswire
TORONTO, Aug. 02, 2022 - Toubani Resources, Inc. (formerly African Gold Group, Inc.) (TSX-V: TRE, FRA: 3A61) (“Toubani Resources” or the “Company”) is pleased to provide 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 ongoing. Additional exploration activities are also planned for the Faraba permit area once this initial auger drilling at Kobada Est has been completed.
COMBINED WEIGHTED Table 1: Significant Mineralised Intersections above 0.3 g/t Gold. Quality Assurance / Quality Control The auger drillhole collars were sighted using a Garmin handheld GPS. The auger drilling was sampled every metre and then 2 m composites were created, and riffle split for assay samples. All samples were analysed at SGS (Bamako) Laboratory, which is a SANAS (South African National Accreditation System) accredited laboratory (facility accreditation number T0762). A strict QA/QC program was applied to all samples: which include insertion of either certified reference material (CRM’s), a blank sample or duplicate every 20th sample (i.e., a rate of approximately 5% of submitted samples). The gold analyses were by fire-assay on 50 grams aliquot with AAS finish. The QAQC samples were monitored per batch and all QAQC samples have passed. Of the 3,439 auger samples, QAQC samples used during sampling comprised 60 standards/certified reference material made up of low grade AMIS0571 (0.59 g/t) and AMIS0569 (0.27 g/t), medium grade AMIS0441 (2.44 g/t) and high-grade AMIS 0559 (12.01 g/t). 78 Blank AMIS0681 samples and 59 field duplicates were inserted into the sample batches. Future Exploration Work The initial auger drilling results have identified Target E as the highest priority area for additional drilling to test these anomalies further. Additional auger drilling is currently underway to test the possible northern extension of Target E. Follow up AC or RC drilling will be required in future to test the possible lateral and strike extensions to get a better understanding of the geology in this area. In addition to Target E, Targets Q and L results suggest additional follow up work required. https://ml.globenewswire.com/Resource/Download/ee2b97cc-5211-402f-9439-6e0c50df71ba Figure 7: Future Testing of Target E Qualified Person The technical and scientific information in this press release has been prepared, reviewed and approved by Uwe Engelmann, BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA, a director of Minxcon (Pty) Ltd. with respect to mineral resources, who is a Qualified Person as defined by National Instrument 43-101. About Toubani Resources Inc Toubani Resources is a TSX Venture Exchange (TSX-V: TRE) listed exploration and development company with a focus on building Africa’s next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. Toubani Resource’s principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2021 definitive feasibility study and is targeting gold production of 100,000 oz per annum. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering the potential for an increase in resource. For more information regarding Toubani Resources visit our website at www.toubaniresources.com. For more information: Toubani Resources Inc. Danny Callow, President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@toubaniresources.com Daniyal Baizak, Vice President, Corporate Development +1 (647) 835 9617 Dbaizak@toubaniresources.com Cautionary statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the auger drilling campaign, the expansion of mineral resources and reserves, and drilling and exploration plans of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals from regulatory authorities; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages; available infrastructure and supplies; any pandemics and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Dieser Artikel stammt von Rohstoff-Welt.de
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