| Announcement Date: | 2023-01-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Koba Resources Limited |
| Project name: | Blackpine |
| Location: | United States |
| Commodities: | Gold,Copper |
| Highlight: | Drilling results incl. 0.3m at 13.45% Cu, 0.46g/t Au from 107m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Koba Resources Limited (ASX:KOB; “Koba” or the “Company”) is pleased to announce it has received assay results from its maiden drilling program at the Blackpine Cobalt-Copper Project in Idaho, USA. Koba’s initial 3-hole (457.8m) drill program has successfully demonstrated that shallow induced polarisation (IP) geophysical targets at the Swift Prospect are closely associated with high-grade cobalt and copper mineralisation. High-grade results returned included 0.4m @ 0.78% cobalt and 0.3m @ 13.45% copper. Stronger, larger IP anomalies remain untested at depth below the areas drilled in this initial, first-pass program. Permit applications have been submitted to drill-test these deeper, high-quality targets. The IP geophysical survey Koba completed over the entire Blackpine Project during 2022 delineated multiple strong IP anomalies over 4km of strike that coincide with strong cobaltcopper soil anomalies. These too are high-priority targets for drilling. Permit applications have also been submitted to drill-test high-priority targets at the Regina and Trench Prospects in 2023 |
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