ASX:TRE - Kobada East Discovery Confirmed By Maiden Rc Drilling

View this email in your browser KOBADA EAST DISCOVERY CONFIRMED BY MAIDEN RC DRILLING Toubani Resources, Inc (ASX: TRE; TSX-V: TRE) ("Toubani Resources" or the "Company") is pleased to provide further results from the ongoing drilling program at its 3.1Moz Kobada Gold Project in southern Mali. The Mineral Resources1 occur over a strike length of 4.5km and are open pittable. Highlights Kobada East discovery made in 2022 by auger sampling has been confirmed by maiden RC drilling program – a significant milestone Drilling has identified shallow, oxide mineralisation below the auger anomaly over a strike length of 400 metres Kobada East Shear extends for over 18km on Toubani's tenure Significant intersections include: 6m at 0.85g/t incl. 2m at 1.70g/t (KE22_P013) 1m at 3.58g/t (KE22_P007) 1m at 3.35g/t (KE22_P008) Results are typical of the mineralisation style seen across Kobada with the intersections mirroring those observed at the Kobada Main deposit in its initial drill phases Mineralisation remains open along strike to the north and south as well as at depth Four of five planned high-value exploration targets tested so far have now intersected new areas of mineralisation and extended strike outside the current Mineral Resource Chief Executive Officer, Phil Russo commented: "These results demonstrate the potential for Toubani to delineate new discoveries within the Kobada project. Four of our five planned regional targets in this current drill program have now intersected new areas of mineralisation, an excellent result. In many ways, these intersections at Kobada East, as well those reported so far for Kobada North and Gosso, are reminiscent of the early drilling results at Kobada Main where numerous 1m to 2m intervals were intercepted, reflecting the mineralisation style seen across the project. We're excited to continue the program with further results anticipated shortly from the remaining targets areas, while in parallel study work to investigate the optionality at Kobada and range of development scenarios progresses in earnest."   Read Full Announcement Listen Here TOUBANI FEATURED IN THE MARKET HERALD'S THEMATICA REPORT  Read Article THE MINING PODCAST Listen to Podcast INVESTOR PRESENTATION Download Presentation INVESTOR WEBINAR RECORDING   Watch Video CORPORATE SNAPSHOT Company Name: Toubani Resources ASX: TRE About Toubani Resources Inc  Toubani Resources (ASX: TRE; TSX-V: TRE) is an exploration and development company with a focus on expanding its existing total resource base of 3.1 million ounces. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. Toubani Resource's principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed a Definitive Feasibility Study in September 2021 showing robust economics for a 100,000oz per annum production profile over 10 years. The company believes the flagship project to be largely de-risked based upon the results of the study, and further exploration will build on the substantial baseline of 3.1 million ounces total resource, and 1.2 million ounces of reserves. As well as the initial Kobada Gold Project mining concession, other highly prospective exploration locations have been identified on the Kobada, Gosso and Kobada Est concessions based upon systematic regional exploration techniques. These additional exploration areas are part of the targeted drilling campaign as outlined above, with a view to increase strike length and grow resource ounces. For more information regarding Toubani Resources visit our website at www.toubaniresources.com.   TOUBANI FEATURED IN THE PRESS PROACTIVE - 21 APRIL 2023 Toubani Resources opts for sole listing to advance Kobada Gold Project MARKET HERALD - 20 APRIL 2023 Toubani Resources (ASX:TRE) seeks delisting from TSX Venture Exchange MINING REVIEW - 12 APRIL 2023 Toubani continues to increase strike at Kobada gold project View Toubani Press Releases Our mailing address is: info@toubaniresources.com Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.