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Kobo Resources Inc. ( (TSE:KRI) ) has provided an update.
Kobo Resources reported new diamond drill results from ten holes at the Kossou Gold Project in Côte d’Ivoire, showing strong gold mineralisation across the Road Cut, Jagger and Kadie zones. Highlights include 7.0 metres at 5.06 g/t gold at the Road Cut Zone, 8.0 metres at 1.35 g/t gold at the Kadie Zone and improving grades at depth in the Jagger Zone, confirming continuity of mineralised structures.
Management said the results reinforce the Road Cut Zone and its Contact Zone Fault as priority targets and confirm that near-surface grades at Kadie persist at depth, while deeper drilling at Jagger is yielding better grades to the south. These outcomes support continued step-out and follow-up drilling and are expected to help the company expand the mineralised envelope and progress toward a maiden mineral resource estimate at Kossou later this year.
The most recent analyst rating on (TSE:KRI) stock is a Buy with a C$0.60 price target. To see the full list of analyst forecasts on Kobo Resources Inc. stock, see the TSE:KRI Stock Forecast page.
More about Kobo Resources Inc.
Kobo Resources Inc. is a Canadian mineral exploration company focused on gold, advancing its 100%-owned Kossou Gold Project in Côte d’Ivoire. The company is targeting multiple high-priority zones, including the Road Cut, Jagger and Kadie zones, as it works toward defining a maiden mineral resource and expanding its exploration footprint in West Africa.
Average Trading Volume: 178,333
Technical Sentiment Signal: Sell
Current Market Cap: C$34.49M
See more insights into KRI stock on TipRanks’ Stock Analysis page.