Kiboko Gold
Source: Kiboko Gold.
  • Kiboko Gold Inc. (KIB) has resumed preparations for its phase one exploration program on the Harricana Project in Québec
  • A diamond drill rig has been mobilized to the project site to continue the winter portion of the 11,000-metre program
  • The remaining 12 holes over 2,800 metres are expected to be done during the first quarter of 2023
  • Results will go towards completing the maiden mineral resource for a portion of the Fontana area on the project
  • Kiboko Gold Inc. (KIB) is down 6.67 per cent, trading at $0.14 per share as of 1:48 p.m. EST

Kiboko Gold Inc. (KIB) has resumed preparations for its phase one exploration program on the Harricana Project in Québec.

According to the company, a diamond drill rig has been mobilized to the project site to continue the winter portion of the 11,000-metre program. Of the planned 67 holes, 55 were completed last year. The final 12 holes over 2,800 metres are expected to be done during the first quarter of 2023.

A portion of the assay results from drilling in 2022 have been received. Kiboko Gold stated it is in the process of reviewing the results and expects to provide a summary shortly.

The company believes that the areas targeted for the phase one exploration program have the potential to support a near-surface, pit-constrained mineral resource estimate.

Results will go towards completing the maiden mineral resource for a portion of the Fontana area on the project in the second quarter of 2023.

The program is intended to verify a significant portion of historical Fontana area drilling, characterize gold mineralization surrounding the main vein systems, and partially validate the area’s targets.

The near-surface exploration targets for the area are said to total 13.6 million to 23.1 million tonnes at a range of grades of 3.0 to 3.4 grams of gold per tonne.

Kiboko Gold Inc. (KIB) is down 6.67 per cent, trading at $0.14 per share as of 1:48 p.m. EST.


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