Waraba Gold kicks off drilling programme at Fokolore Gold Project

Waraba Gold Limited has initiated a new drilling campaign at its Fokolore Gold Project in West Mali, West Africa. This campaign marks the beginning of a three-phase drilling program designed by the company’s Chief Geologist, Mr. Mamadou Coulibaly.

The primary goal of “Phase 1” of the also known Maligonga East Gold Project, is to extend the strike length of historically identified high-grade gold mineralization, aiming to expand it from 2.3 kilometers to 3.5 kilometers.

Drilling programme

In this initial phase, the company plans to execute 76 priority reverse circulation (RC) drill holes, each averaging 120 meters in depth, alongside 2,350 meters of rotary air blast (RAB) drilling. These efforts follow promising results from previous RC drilling, which uncovered significant mineralization, including intersections of 8 meters at 8.99 grams per tonne (g/t) of gold and 15 meters at 5.06 g/t of gold, as well as rock chip samples with gold values as high as 95 g/t.

Depending on the outcomes from Phase 1, Waraba Gold’s subsequent drilling phases are planned as follows: Phase two is envisioned to include 20,000 meters of RC drilling and 2,000 meters of diamond core drilling, this phase aims to provide initial estimates of the mineralization within the main areas of interest on the tenement.

The third phase will involve regional drilling to enhance the confidence in situ anomalies and to identify additional target zones of gold mineralization that may require further drilling. The completion of Phase 1 is anticipated within four to six weeks, with results to be announced as they become available. Carl Esprey, Waraba’s Chief Executive Officer, expressed enthusiasm about the commencement of this program, emphasizing its importance in advancing the Fokolore project and the company’s commitment to keeping shareholders informed as progress is made and results are obtained.