Business
Kiboko Gold Drills Multiple High-grade Intervals Including 8.7 g/t Au Over 9 m and 23.9 g/t Au Over 3 m at its Harricana Gold Project
Multiple high-grade intercepts drilled starting near surface and at depth Drilling is ongoing with assays pending from 31 holes (5,206 m) Many lower grade inter
About this update from Kiboko Gold, Inc.
[{"type":"text","content":" Multiple high-grade intercepts drilled starting near surface and at depth Drilling is ongoing with assays pending from 31 holes (5,206 m) Many lower grade intervals also drilled that require further investigation Re-assay program initiated to analyze larger samples Maiden pit-constrained mineral resource targeted for Q2/2023 KELOWNA, British Columbia / Jan 26, 2023 / Business Wire / Kiboko Gold Inc. (TSXV: KIB) (“Kiboko” or the “Company”) is pleased to report preliminary results from 26 holes (over 3,349 m) drilled as part of an ongoing systematic 11,000-metre (“m”) / 67-hole verification program at the Fontana area of its Harricana Gold Project. As shown in figures 1 and 2, the Harricana Project (the “Project” or “Harricana Project”) is located 55 kilometres north of Val-d’Or, Québec, in the world-renowned Abitibi gold belt. Kiboko drill multiple high-grade intervals along Main Fontana trend Highlights from the summary of results in Table 1 include: 8.7 g/t Au over 9 m (RCFON22-021) including 22.2 g/t Au over 3 m 23.9 g/t Au over 3 m (RCFON22-026) including 35.4 g/t Au over 2 m 47.2 g/t Au over 1 m (DDFON22-004) 7.2 g/t Au over 2 m (RCFON22-006) including 14.0 g/t Au over 1 m 8.4 g/t Au over 1 m (RCFON22-018) 3.3 g/t Au over 2 m (RCFON22-002) 3.2 g/t Au over 2 m (RCFON22-022) 2.3 g/t Au over 2.5 m (DDFON22-007) 5.2 g/t Au over 1 m (RCFON22-026) 5.2 g/t Au over 1 m (RCFON22-004) Drilling is ongoing with assays pending from 31 other holes (5,206 m) Assay results are pending from 29 holes (4,866 m) drilled in 2022 along the Main Fontana trend and from the Bunkhouse area that shall be reported after they are received and processed. To date, 2 holes (totalling 540 m of drilling) have been completed as part of the Company’s ongoing 12-hole / 2,800 m winter diamond drilling program. The winter drilling is primarily focussed on the Bunkhouse area and its projected intersection with the Main Fontana trend. Kiboko also drilled many lower grade intervals that require further investigation In addition to intercepting several exciting high-grade intervals, many lower grade intervals were intersected in this first batch of assay results. At this early stage in Kiboko’s systematic exploration approach, these zones will be evaluated further to determine both their geological significance and potential gold content. Some examples of zones of i...