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Toubani appoints Mali based drilling company at Kobada

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Dual listed Toubani Resources has appointed locally based drilling company Etasi & Co Drilling (ETASI), to perform the upcoming exploration drilling campaign flagship Kobada Project in Mali. Image credit: Etasi

Toubani appoints Mali based drilling company at Kobada

Dual listed Toubani Resources has appointed locally based drilling company Etasi & Co Drilling (Etasi), to perform the upcoming exploration drilling campaign at its flagship Kobada Project in Mali.

Kobada is an advanced stage gold development project located about 126km south-west of Bamako, the capital city of Mali. Mali is Africa’s fourth largest gold producer.

Toubani owns a 90% interest in the Kobada gold project with the Government of Mali retaining a 10% carried interest.

In line with Toubani’s policy of utilising high-quality local service providers, the contract for the upcoming drilling campaign has been awarded to Etasi, a West Africa-focused drilling company that is permanently based in Mali.

“Etasi, with its specialised personnel, has been recognised as one of the leading providers of specialist drilling services in the region. Utilising their highly maintained fleet of drilling rigs and associated equipment, as well as their previous drill campaign experience at the Kobada Project, Etasi is ideally placed for the drilling campaign at the Kobada Project,” says Toubani Resource’s President and CEO Danny Callow.

Etasi is the successor company to Amco, the company who conducted Toubani’s Phase 1 and 2 programs during 2019-2022 drilling program.

“Following on from our successful ASX listing, we have moved quickly to appoint a professional Mali-based drilling contractor to undertake an extensive drill programme on our Kobada Project site.

“The appointment of Etasi follows on from our commitment to focus on determining the highly prospective upside on our concessions and building on our baseline of total mineral resource estimate of 3.1 million ounces.”

“We have spent three years drilling and understanding the structural geology in the region and on our three contiguous concessions and this appointment will start to test these highly prospective shear zone areas identified because of this.

RC drilling at Kobada is imminent ( Toubani appoints Mali based drilling company at Kobada)

According to Callow the commencement of Toubani’s Reverse Circulation (RC) drilling program at Kobada is imminent.

“The focus of our 2022/2023 drilling campaign will be on the previously identified target areas, based on soil geochemical sampling, artisanal mining, geophysics trends and historical drillholes, in the larger Kobada mining permit area.

“The aim of the drilling campaign is to test the mineralised zone of the main shear zone to the south and north and to test the continuity of a second mineralised zone to the east of the main Kobada orebody.

“Furthermore, we will also be drilling around historical artisanal mining where there are extensive workings; test new potential gold mineralised zones and follow up on auger drilling anomalies showing strong gold mineralisation,” says Callow.

Toubani recently successfully listed on the Australian Stock Exchange (ASX). It is also listed on the Toronto Stock Exchange (TSX).

Toubani appoints Mali based drilling company at Kobada

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Toubani appoints Mali based drilling company at Kobada

 

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