Awalé Completes Geophysics and Commences Drilling at the 100%-Owned Fremen Target

Awalé Completes Geophysics and Commences Drilling at the 100%-Owned Fremen Target

HIGHLIGHTS

  • Completed a 50-line-kilometre IP geophysics survey covering over 5km of the 100%-owned Fremen target.

  • IP survey identifies chargeable/resistive anomalies that align with a 3.5km-long gold footprint.

  • Commencing discovery drilling with a 2,000m scout reverse circulation drill program.

  • The IP survey is ongoing along the BBM trend.

  • Exploration efforts to date had primarily focused on just 400 km² of the expansive 2,489 km² Odienné project land package. With regional-scale exploration now expanding beyond this initial area, significant untapped potential remains within the 100%-owned Awalé permit package.

Vancouver, British Columbia--(Newsfile Corp. - February 11, 2025) - Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to announce the completion of an Induced Polarization ("IP") geophysics survey and the commencement of a discovery drilling program at its 100%-owned Fremen target. Fremen is located within the Company's Sienso permit, just 4km along strike from the BBM discovery at the Odienné project ("Odienné" or the "Project"), Côte d'Ivoire. Fremen consists of a newly uncovered and open 3.5km-long gold-in-soil and termitaria footprint (>37 ppb Au), with a peak value of 1.3 g/t Au (see October 22, 2024 news release).

The Company has now commenced a 2,000m reverse circulation ("RC") drill program over high order geochemistry footprints which are coincident with chargeable/resistive IP anomalies. Results from this drilling are expected in April.

"Initiating discovery drilling at our 100%-owned Fremen target is a significant milestone for Awalé. This scout drill program marks the start of our broader 2025 regional exploration, where our mission is to unlock the true potential of the Odienné project. The Project represents an emerging gold-copper district, where Awalé was the first to recognize its potential. As a first mover, the Company holds a significant 2,489 km² land package.

The IP survey has shown chargeable/resistive anomalies that align with our gold footprint, which runs directly along strike from the BBM discovery and we are eager to see what this initial scout drilling reveals. With a proven exploration strategy, a highly skilled technical team, and a strong balance sheet, we're entering an exciting new chapter on our 100% properties-one that we believe will create significant value for our shareholders. We look forward to sharing our progress as drilling advances," commented Andrew Chubb, CEO of Awalé Resources.

View Video of CEO Andrew Chubb Discussing the IP Results and Commencement of Drilling

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10016/240358_8b53c0a5e436fa47_002.jpg

Figure 1: Induced Polarization 'Chargeability' image with the BBM and Fremen gold footprint superimposed in red. Planned drill lines for the Fremen target are shown as black lines. Top right in an inset of the Fremen target.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/240358_8b53c0a5e436fa47_002full.jpg

About Awalé Resources

Awalé is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of Côte d'Ivoire, where the Company is focused on the Odienné Copper-Gold Project ("Odienné" or the "Project"), covering 2,489 km2 across seven permits. This includes 796 km2 in two permits held under the Awalé-Newmont Joint Venture ("OJV"). Awalé manages all exploration activities over the OJV, with funding provided by Newmont Joint Ventures Limited ("Newmont").

Awalé has discovered four gold, gold-copper, and gold-copper-silver-molybdenum discoveries within the OJV and has recently commenced exploration on its 100%-owned properties following an $11.5 million capital raise in April 2024.

The Project is underexplored and has multiple pipeline prospects with similar geochemical signatures to Iron Oxide Copper Gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The Company benefits from a skilled and well-seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.

Quality Control and Assurance

Analytical work for geochemistry samples is being carried out at the independent ALS Laboratories in Ghana and Ireland, an ISO 17025 Certified Laboratory. Samples are prepared and stored at the Company's field camps and put into sealed bags until collected by ALS from the Company's secure Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Côte d'Ivoire, for preparation. Samples are logged in the tracking system, weighed, dried, and pulverized to greater than 85%, passing a 75-micron screen. Two pulps are prepared from each sample with one stream to Intertek Ghana for fire assay and a second to Ireland where the sample is analyzed by 52 element ICP/MS with a 4-Acid digest. Blanks, duplicates, and certified reference material (standards) are being used to monitor laboratory performance during the analysis.

Abbreviations Used in this Release

AuGold 
g/tGrams per tonne 
IPInduced Polarization 
kmKilometres 
mMetres 
ppbParts per billion 

 

Qualified Person

The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the Company's Qualified Person as defined by National Instrument 43-101. Mr. Chubb is the Company's Chief Executive Officer and holds an Economic Geology degree, is a Member of the Australian Institute of Geoscientists (AIG), and is a Member of the Society of Economic Geoscientists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.

AWALÉ Resources Limited
On behalf of the Board of Directors

"Andrew Chubb"
Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Chubb, CEO
(+356) 99139117
a.chubb@awaleresources.com

Ardem Keshishian, VP Corporate Development
+1 (416) 471-5463
a.keshishian@awaleresources.com

The Company's public documents may be accessed at www.sedarplus.com. For further information on the Company, please visit our website at www.awaleresources.com.

Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company's presence in Côte d'Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont JV, works on other properties, planned drilling, commencement of operations. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240358

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Awalé Hits 1.4 g/t Gold Eq. over 60 Metres at the BBM Zone, Odienné Project

Awalé Hits 1.4 g/t Gold Eq. over 60 Metres at the BBM Zone, Odienné Project

HIGHLIGHTS

  • 60m @ 1.4 grams per tonne ("g/t") gold equivalent ("AuEq.") from 53m, including 9m @ 4.2 g/t AuEq. from 98m downhole in OEDD-111.
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  • Drilling continues to demonstrate excellent continuity over broad width and gold tenor.
  • A total of 6,380m of drilling was completed across 22 holes and one re-entry hole.

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to report results from four diamond drill holes completed as part of the expanded drill campaign targeting the BBM zone at the Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire. The drill program, which began in November 2024, is complete with a total of 6,379.9m drilled. Drill holes OEDD-106 and OEDD-109 to OEDD-111 were drilled along the eastern margin of the main northwest-plunging mineralized zone, where the Company is increasing drill spacing to a 100m grid (see drill plans and sections in the link below). Notably, drill hole OEDD-111 intersected shallow, broad-width mineralization from just 53m downhole, with good grade. Assay results from 14 drill holes of the BBM diamond drill program are still pending.

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Awalé Provides Progress Update for Odienné Project

Awalé Provides Progress Update for Odienné Project

HIGHLIGHTS

  • Completed 2,014m scout RC drill program across 22 holes over high-priority geochemical and IP anomalies at the 100%-owned Fremen target, with initial results expected in April 2025.
  • Completed a 150-line-km IP geophysics survey covering over 15km of strike along the BBM trend, with final processed images expected in March 2025.
  • Commenced up to 4,000m of RC drilling on the BBM extensions, with initial results expected in April/May 2025.
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Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to provide an update on its exploration activities at the Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire (Figure 1). At the start of the year, the Company set an ambitious work program that included commencing drilling at its 100%-owned Fremen property, advancing de-risking efforts at the BBM and Charger targets, resuming work on the Empire and Lando targets, and expanding its regional exploration focus to unlock the full potential of Odienné.

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Core Shack Details
Date:
Tuesday, March 4 and Wednesday, March 5
Location:
Investors Exchange, Level 800, MTCC, South Building
Booth #:
3105B
Attending:
Andrew Chubb, CEO

Andrew Smith, VP Exploration
  
Investors Exchange Details
Date:
Sunday, March 2 and Monday, March 3
Location:
Investors Exchange, Level 800, MTCC, South Building
Booth #:
2322
  
Corporate Presentation Forum for Investors (CPFI) Details
Date:
Monday, March 3
Location:
Hall E, Investors Exchange, Level 800, MTCC, South Building
Room:
Investment Hub theatre
Time:
11:08 am - 11:18 am
Presenter:
Andrew Chubb, CEO
  
Technical Session Details
Date: Wednesday, March 5
Session name:
New discoveries
Session ID:
TEC-014
Location:
Level 700, MTCC, South Building
Room #:
717
Time:
10:45 am - 11:00 am
Presenter:
Andrew Chubb, CEO

 

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TSX Venture 50 is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

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This machine comes with a conversion kit, so that it can be rapidly converted from a face drilling machine to a long hole production rig, called a "combi".

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Vertex Director and Mining Engineer commented.

"The TD1 Boomer is the perfect machine for the size development that we have planned for the Reward Gold Mine. Buying a new Boomer with a split feed is ideal for achieving high rates of development advance while ensuring we can install the highest quality ground support efficiently. We look forward to working closely with Epiroc and their team. Their workshop facilities are conveniently located a short 124km from Hill End in Orange and will help Vertex achieve high levels of availability."

*To view photographs, please visit:
https://abnnewswire.net/lnk/Y1GL6J22



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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(TheNewswire)

Noble Mineral Exploration Inc.

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Vertex Minerals Limited  Key Operational Personnel added to Execute Reward High Grade

Vertex Minerals Limited Key Operational Personnel added to Execute Reward High Grade

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce seven key operational appointments to progress the Company's operational plans for the high grade Reward Underground Gold Mine.

Alan Mills, Commercial Manager - Alan is a qualified chartered accountant with over 15 years' experience. He has worked for multinational and ASX listed mining organisations such as Glencore, Aeris Resources, Newmont Corporation and Mitsui in site and corporate senior commercial, financial and management accounting roles.

Alan holds a Bachelor of Commerce (Accounting) from Griffith University and is a member of Chartered Accountants Australia and New Zealand.

Thomas Cowan, Senior Mining Engineer - Thomas holds a B. Eng (Mining) from University of Wollongong, a Grad. Dip of Mine Ventilation and a NSW Underground Supervisors certificate. He is experienced in mine planning, drill and blast, and ventilation in both underground coal and base metals. Tom recently worked at Aeris Resources Tritton mine.

Carl Clark, Senior Mining Geologist - "Vertex holds one of the premier gold resources of NSW at Hill End. I'm excited to be part of the team to re-awaken this Australian gold mining icon". Carl has 30+ years' experience as a geologist internationally and in Australia where he cut teeth in the WA goldfields.

Julian Geldard, Senior Mining Geologist - With nearly a decade of experience in mining and exploration in various commodities, Julian has a high focus on narrow vein gold within the Lachlan fold belt. He recently worked as a Project Geologist at Ballarat Goldfields and Woods Point Gold Mine.

Dennis Fernandez, Underground Shift Boss - An underground mining veteran of 34 years, including 14 years of airleg experience, Dennis bring a wealth of knowledge and experience in narrow vein underground gold mining.

Dennis holds underground supervisor tickets for both NSW and Western Australia and was most recently employed at Tritton Operations.

Mick Irwin, Safety and Training Superintendent - Mick started with Vertex Minerals in early January 2025 after more than 20 years in the underground coal mining industry. The Reward Gold Mine project has been a massive shift in his professional and personal life, which he and his family see as move to greater things. Mick is looking forward to the opportunity of working with Vertex to develop the Reward Underground Mine.

Casey Robinson Environmental Advisor - Casey graduated from the University of Wollongong in November 2024 with a Degree in Environmental Engineering, before Starting at Vertex as Environmental Advisor in December. He is looking forward to beginning his career in the mining industry with Vertex.

Executive Chairman, Roger Jackson, said:

"We have secured a further seven outstanding senior personnel to direct our mining operations. With decades of experience, they add to the growing, dynamic Vertex team. We are rapidly advancing our operational readiness to meet the challenges of commencing mining at the Reward Gold Mine.. We are delighted to welcome Alan, Tom, Casey, Dennis, Julian, Mick and Carl to the Vertex team, leveraging their strong skills and experience".



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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