Kobo Research Permits and Applications
Kobo Resources has been issued two research permits totalling 449.35 km2 and has three pending applications totalling 1,068 km2 in Côte d’Ivoire, a country with significant exploration potential when compared to its West African neighbours. Kobo’s permits are all underlain by Birimian Group rocks which host the majority of the gold mines in West Africa.
1. The Kossou Gold Project – Our Key Asset
Our flagship property is the Kossou Gold Project, which is located immediately adjacent to the Yaouré Gold Mine operated by Perseus Mining. Our key targets are situated with 5 to 7 kilometers of the Yaouré Mine and process facility and are connected by excellent road infrastructure. Exploration efforts to date have outlined over 9 kilometers of strong gold geochemical anomalies supported by extensive rock sampling and trench results. Mineralisation and alteration styles are similar to that at the nearby Yaouré mine. The project is drill ready and the Company is set to initiate it’s fully funded maiden drill program in Q2 2023.
2. Bongouanou Area Permits and Applications
Kobo also has one research permit in the Bongouanou area, the Kotobi Research Permit (“Kotobi”), located about 1.5-hour drive east of Yamoussoukro. Kotobi covers approximately 302 km2 and the area is underlain by Birimian Group rocks. Very little modern exploration has been carried out in the district, but there is significant artisanal gold mining in the region.
In addition, the Company also has three pending research permits (Bocanda North – 341 km2, Bocanda South – 338 km2 and M’Batto – 389 km2) totaling 1,068 km2.