Bongouanou Area Project
Kotobi Research Permit
On April 24, 2019, the Kotobi Research Permit (“Kotobi”) was awarded to Kobo Resources. The permit is located within the Birimian Dimbokro-Abengourou Belt, Boaulé-Mossi domain. It is located in the administrative departments of Arrah, Bongouanou and Daoukro and covers 301.75 km2 of prospective Birimian host rocks. Kotobi forms the basis of the Bongouanou Area Project. The Kotobi permit is issued for four years and is renewable for two consecutive three years term with an additional possible two years term.
Kotobi is considered in second rank to the business objectives of Kobo given its current stage of development. The Company will conduct a property wide drone magnetic survey in 2023 and will use that data to access the current soil geochemical data and determine targets of significance.
At Kotobi, government regional airborne geophysical surveys suggest a structurally complex region. The strong northeast-southwest fabric that is similar to the dominant lineaments associated with most West African gold deposits is clearly visible. A soil geochemistry program was conducted in 2020 with 2800 samples taken resulted in numerous anomalies that require follow work. The Company will conduct a drone magnetics survey over the concession in 2023.
Surface Mining in the Bongouanou region
Typical artisanal mining sites of the region illustrated below. Local gold miners dig shallow pits, generally less than 2 meters in depth, and use handheld metal detectors to locate vein hosted gold. The material is then crushed, and gold is recovered using panning techniques or other methods of collection.
Quartz veins near Bocanda:
Visible gold in a quartz veins, M’Batto: