Report

KRI: Drilling Continues to Increase Footprint at Kossou

What you need to know:
• Kobo reported assay results from 12 holes as part of the ongoing drill program at its 100% owned Kossou Project in Côte d’Ivoire.
• The 12 holes total 2,755m of drilling, bringing the cumulative diamond drilling at Kossou to 26,267m and total drilling completed to 32,154m.
• Today’s results continue to expand Kossou’s mineralized footprint both at the Jagger and Road Cut Zones.
• We remind readers that KRI plans to publish an inaugural resource estimate at Kossou in Q1/26.

This morning, Kobo Resources (KRI:TSXV) reported a new set of drill results from its ongoing diamond drill campaign at the Kossou Gold Project in Cote d’Ivoire. Today’s update includes assays from 12 holes totalling 2,755m, adding to the steady expansion of the Company’s drill database across multiple key target areas. With the latest round of drill results included, Kobo has now drilled 26,267m of diamond drilling at Kossou and 32,154m of total drilling. Today’s results confirm strong continuity at the Jagger Zone and additional strike extension at the Road Cut Zone. Notably, drill hole KDD0110 intersected strong open-pit grades at surface, intersecting 1.81 g/t Au over 6.0m (from surface) and 1.77 g/t Au over 6.0m (from 10m). We are maintaining our BUY rating and target price of $0.60/share on KRI.

Highlights Include:
Jagger Zone:
• KDD0110: 1.81 g/t Au over 6.0m (from surface), 1.77 g/t Au over 6.0m (from 10m), and 2.82 g/t Au over 8.0m (from 148m).
• KDD0111: 1.66 g/t Au over 7.0m (from 44m), and 3.60 g/t Au over 9.0m (from 119m), including 4.74 g/t Au at 6.45m.
• KDD0113: 2.54 g/t Au over 8.0m (from 188m).
Road Cut Zone:
• KDD0112: 3.42 g/t Au over 5.0m (from 120m), including 7.13 g/t Au over 2.0m.
• KDD0118: 3.47 g/t Au over 4.0m (from 222m).

We remind readers that the Jagger Zone is defined by a gold in-soil anomaly extending 2km+ and hosts several parallel shear zones across a broad corridor, while the Road Cut Zone was the original discovery at Kossou, and comprises a series of NW-trending shears that follow the Contact Zone Fault. Both these zones sit at the centre of the ongoing H2/25 drill program, which aims to expand mineralization and refine structural interpretations along the Contact Zone Fault.
Underlying
Provider
Atrium Research Corporation
Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists. 

Analysts
Ben Pirie

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