Welcome to our dedicated page for Waraba Gold news (Ticker: WARAF), a resource for investors and traders seeking the latest updates and insights on Waraba Gold stock.
Waraba Gold Limited (WARAF) generates news primarily through its gold exploration and corporate financing activities. The company describes itself as a resource exploration company acquiring and exploring mineral properties, and its updates focus on technical progress at its projects and transactions that support ongoing work. Readers following Waraba’s news can see how exploration results, licence arrangements and capital raises develop over time.
A key source of news is Waraba’s work at the Fokolore Gold Project in western Mali, West Africa. The company has reported the commencement and continuation of a multi‑phase drilling campaign there, including reverse circulation and diamond core drilling. News releases detail drilling progress, assay results from Phase 1, geological interpretations of the Mamoudouya and Kabafing targets, and the transition to different drilling methods to obtain more detailed geological information.
Another recurring theme in Waraba’s announcements is its earn‑in term sheet with Somaco Global Resources SARL in Ivory Coast. Updates describe payments made under the agreement, the prospective Sirasso and Tengrela gold licence applications, and planned share issuances and exploration commitments required to earn up to 80% of Somaco. These items provide insight into how Waraba is building a pipeline of West African gold exploration assets.
Waraba’s news flow also covers corporate and capital markets events, including private placements of common shares, proposed debenture financings, board and management changes, and a planned consolidation of its common shares. Investors can use this news page to track how the company funds its exploration programs, manages its share structure and responds to operating conditions in its project areas.
Waraba Gold (CSE: WBGD) (FSE: ZE0) (OTC Pink: WARAF) has announced the continuation of its drilling program at the Fokolore Gold Project in western Mali, West Africa. The company is transitioning from reverse circulation (RC) drilling to diamond core drilling for the next part of its Phase 1 campaign.
This transition follows initial results announced on August 7, 2024, which provided significant geological and structural insights into the mineralized zones. The diamond core drilling technique allows for the recovery of more detailed geological information, important for understanding mineralization and structural controls within the deposit.
The new drilling phase aims to systematically define the extent and grade of gold mineralization, targeting both known zones and exploring new areas within the Fokolore Project. This approach is expected to provide higher-quality samples and enable a more comprehensive analysis of the mineralized zones, expanding Waraba's understanding of the mineralized system.
Waraba Gold (CSE: WBGD) has announced initial results from its 2024 Phase 1 reverse circulation (RC) drill program at the Fokolore Gold Project in western Mali. Key highlights include:
- 13 RC drill holes completed, totaling 1369 meters
- 1369 RC drill samples collected
- Significant gold intercepts from the Mamoudouya Target, including:
- 7 m of 2.80 g/t Au from 13 m, including 2 m of 8.36 g/t Au
- 4 m of 3.19 g/t Au from 28 m, including 1 m of 11.77 g/t Au
- 3 m of 3.73 g/t Au from 57 m, including 1 m of 7.98 g/t Au
The drilling program aims to expand the potential exploration target from 2.3 km to 3.5 km along strike. Drilling is ongoing, with plans for Phase 2 and 3 to follow.
Waraba Gold (CSE: WBGD) (FSE: ZE0) (OTC Pink: WARAF) has announced a significant change in its leadership team. Effective August 2, 2024, Mr. Carl Esprey has stepped down from his role as interim Chief Financial Officer. The company has appointed Mr. José Teixeira as the new Chief Financial Officer and a member of the board of directors. Carl Esprey, who remains a director of the company, expressed his satisfaction with Mr. Teixeira's appointment to the Board. This management change marks a new chapter for Waraba Gold , potentially bringing fresh perspectives and expertise to the company's financial leadership and strategic direction.
Waraba Gold (CSE: WBGD, FSE: ZE0, OTC Pink: WARAF) has concluded a non-brokered private placement of common shares, raising $777,726. The placement issued up to 13,429,900 common shares at a price of $0.03 each. The funds will be utilized for exploration and general working capital. The issued shares will be under a statutory hold period of four months and one day from the issuance date.
Waraba Gold announced the commencement of a new drilling campaign at its Fokolore Gold Project in West Mali, West Africa. This marks 'Phase 1' of a three-phase program designed to extend the strike length of historic high-grade gold mineralization. During this phase, Waraba aims to carry out 76 reverse circulation drill holes, averaging 120 meters in depth, and 2,350 meters of rotary air blast drilling. 'Phase 2' and 'Phase 3' will follow based on initial results, with the potential for 20,000 meters of RC drilling and 2,000 meters of diamond core drilling. The first phase is expected to be completed in four to six weeks, with results announced as they become available.
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