Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

HIGHLIGHTS

  • 29m @ 2.2 grams per tonne ("g/t") gold equivalent ("AuEq."), including 10m @ 2.8 g/t AuEq. from 93m downhole in OEDD-105.

  • 28m @ 1.3 g/t AuEq., including 5m @ 1.8 g/t AuEq. from 256m downhole in OEDD-108.

  • Drilling continues to demonstrate excellent continuity over significant width and gold tenor.

  • A total of 6,380m of drilling was completed across 22 holes and one re-entry hole, marking the completion of this phase at BBM.

  • Drilling continues at the Fremen, Charger, and Empire targets.

Toronto, Ontario--(Newsfile Corp. - February 18, 2025) - Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to report results from two 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 now complete with 6,379.9m drilled, with assays from 18 holes yet to be released. Drillholes OEDD-105 and OEDD-108 were drilled within the previously reported central mineralized zone, where the Company is tightening drill spacing to a 100m grid (see drill plans and sections in the link below).

"Building on the success of our previously released results, we are pleased to announce further excellent drill results from BBM. The two holes reported today, along with those released on January 29, have returned results in line with our expectations, with robust gold and copper mineralization demonstrating consistency in both width and grade. These results reinforce the continuity of mineralization at BBM and support its potential as a near-surface resource.

The drill program at the BBM target was extended after step-out holes from the core zone encountered sulfide mineralization and alteration, giving the Company reason to believe that further drilling could unlock substantial growth potential along strike to the southeast and northwest. To expedite progress, a second diamond rig was deployed, enabling us to test the fold model at the Charger target and resume drilling at the Empire target without delay from the extended program at BBM. Additionally, we are actively progressing the Induced Polarization ("IP") geophysics program along the BBM trend and reverse circulation ("RC") drilling over the 100%-owned Fremen target. This increased level of activity is expected to yield a steady flow of results to the market throughout this quarter and beyond," commented Andrew Chubb, CEO of Awalé Resources.

Link to All Figures

View Video of CEO Andrew Chubb Discussing Results

Drilling is ongoing at Fremen, Charger, and Empire

Further to the completion of 6,379.9m of drilling across 22 holes and one re-entry hole at BBM, the Company continues drilling at Fremen, Charger, and Empire.

  • Charger - 2,000m of diamond drilling planned in 10 holes, testing the fold model, which has previously returned 57m @ 26 g/t Au in hole OEDD-83 and 59m @14.7 g/t Au in OEDD-100.
  • Empire - 1,000m of diamond drilling planned in 6 holes, targeting the top 120 vertical metres to increase confidence in the structural model. Awalé's first high-grade gold discovery, with previous results including 15m @ 13.1 g/t Au in hole OEDD-24.

A full table of significant intercepts from this release, with drill collar locations for all drilling in this phase at BBM are presented in Table 1 and Table 2, respectively.

Table 1: Significant Intercepts - (from this release)

Hole IDFrom
(m)
To
(m)
Width
(m)
Au
(g/t)
Cu
(%)
Ag
(g/t)
Mo
(ppm)
AuEq.
(80%)
Comp. Trigger
(Au g/t)
OEDD0105333630.60.372.45911.20.2
Including3334.51.51.10.684.511762.30.5
OEDD01056276140.40.090.4320.40.2
including727530.90.130.6280.90.5
OEDD0105808990.40.060.27080.80.2
including 838411.10.020.100.90.5
OEDD010593123301.40.682.44712.10.2
including93122291.40.702.54862.20.5
and93109161.90.632.15602.61.0
and93103102.40.541.85112.82.0
OEDD010813914010.50.010.180.40.2
OEDD010821122090.30.170.71230.50.2
OEDD0108255286311.10.220.91351.20.2
Including256284281.20.231.01471.30.5
and264284201.50.251.01581.51.0
and27928452.20.030.361.82.0

 

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 mineralized systems within the OJV and has recently commenced exploration on its 100%-owned properties following an $11.5 million capital raise in April 2024.

The Odienné 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.

Table 2: BBM Drilling Collar Cable - (all collars from this program)

Hole IDEastingNorthingRL_MAZIM_TRUEDIPEOH_MResults ReceivedComments
OEDD0103655899104809045035-55197.43
OEDD0104655737104802945135-55452.3
OEDD0105656034104801045435-55182.17
OEDD0106655947104787745335-55434.3

OEDD0107656024104786345535-5530.5
Failed Hole
OEDD0108656027104786745335-55338.2
OEDD0109655999104778745535-55411.13

OEDD0110656075104776645735-55380

OEDD0111656179104790745735-55155.1

OEDD0112656248104782446135-55140.2

OEDD0113656157104772646044-56320.2

OEDD0115656118104764546035-55431.29

OEDD0119655870104802744835-55341.6

OEDD0122655737104813245135-55245.2

OEDD0123656299104775546235-55140.15

OEDD0125656253104768246235-55251

OEDD0128655693104816045335-55275.74

OEDD0129656211104761544835-55341.15

OEDD0130655650104810643335-55107.2

OEDD01316558231048362419215-55360.2

OEDD0132655566104809842435-55422.2

OEDD0133655546104819244235-55332.1

OEDD0076655766104807945035-55344.76
90.56m
re-entry

 

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.

Mineralized Interval Calculations

Significant intervals reported in this news release are calculated as downhole length-weighted intercepts. For the BBM target, initial mineralized zones are calculated at a 0.2 g/t trigger and include up to 3 metres of internal waste for delineating mineralized zones. Included intervals are calculated at 0.5 g/t, 1 g/t, and 2 g/t trigger values, with up to 3 metres of internal waste. Table 1 contains a list of all BBM holes reported in this release. True widths are estimated to be 70% of the downhole widths.

Au Equivalent Calculations

Au Equivalent is calculated using the following parameters in USD: Au - 1910/Oz (Troy), Cu 3.80/lb, Mo 40,000/Tonne, and Ag 23.40/Oz (Troy). The Formula AuEq = Au (g/t) + ((Cu (ppm) * 0.00014) + (Mo (ppm) * 0.00065) + (Ag (g/t)*0.01225)). An 80% metallurgical recovery is assumed for all metals, as the specific recovery rates for individual metals are unclear, and assuming different recoveries would be premature at this stage.

Abbreviations Used in this Release

AgSilver 
AuGold 
AuEq.Gold Equivalent 
CuCopper 
g/tGrams per tonne 
kmKilometres 
mMetres 
MoMolybdenum 
ppmParts per million 

 

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/241269

News Provided by Newsfile via QuoteMedia

ARIC:CA
The Conversation (0)
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.
  • 33m @ 1.1 g/t AuEq., including 15m @ 1.4 g/t AuEq. from 272m downhole in OEDD-110.
  • 42m @ 0.9 g/t AuEq., including 14m @ 1.7 g/t AuEq. from 336m downhole in hole OEDD-109.
  • 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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.
  • Completed 6,380m of DD across 22 holes and one re-entry hole at BBM.
  • Continuing with 2,500m of DD in 10 holes at Charger, testing the fold model, with results expected in April/May 2025.
  • Completed 1,168m of DD in 6 holes at Empire, targeting the top 120 vertical metres to increase confidence in the structural model, with results expected in April/May 2025.
  • Preparing to commence drill program at Lando, with a plan for 5 DD holes for 1,000m and 20 RC holes for 1,600m.

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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Awalé Selected to Exhibit at PDAC Core Shack, March 4-5, Booth #3105B

Awalé Selected to Exhibit at PDAC Core Shack, March 4-5, Booth #3105B

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to have been selected to exhibit core at the annual Prospectors & Developers Association of Canada (PDAC) Convention Core Shack on Tuesday, March 4, 2025 and Wednesday, March 5, 2025 at the Metro Toronto Convention Centre (MTCC). Awalé will be displaying core from its district-scale Odienné Copper-Gold Project in Côte d'Ivoire. The Company will also participate in the Investors Exchange and present at the Corporate Presentation Forum for Investors (CPFI) and Technical Session.

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

 

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Awalé Included in 2025 TSX Venture 50 List of Top Performing Companies

Awalé Included in 2025 TSX Venture 50 List of Top Performing Companies

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to announce that it has been recognized as one of the top 50 performing companies on the TSX Venture Exchange ("TSXV").

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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

HIGHLIGHTS

  • 29m @ 2.2 grams per tonne ("g/t") gold equivalent ("AuEq."), including 10m @ 2.8 g/t AuEq. from 93m downhole in OEDD-105.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Talon Metals Drills Significant Nickel-Copper Mineralization Intercept at Tamarack During Feasibility Study Drilling

Intercept is outside of the Tamarack Resource Area at shallow depths in the CGO East Zone

Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (together with its subsidiaries, "Talon" or the "Company"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ("Tamarack Nickel Copper Project") in central Minnesota, is pleased to announce a mixed massive sulphide intercept in the CGO East Zone at the Tamarack Nickel Copper Project measuring 16.09 meters.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH MITSUBISHI MATERIALS

WESTERN COPPER AND GOLD STRENGTHENS STRATEGIC PARTNERSHIP WITH MITSUBISHI MATERIALS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has strengthened its relationship with Mitsubishi Materials Corporation ("Mitsubishi Materials").

Western Copper and Gold Corporation Logo (CNW Group/Western Copper and Gold Corporation)

Western has entered into an amended and restated investor rights agreement (the "Agreement") with Mitsubishi Materials, most notably extending the rights and obligations thereunder until May 30, 2026 , subject to Mitsubishi Materials acquiring 2 million common shares of the Company through open market purchases. These purchases will be non-dilutive to existing shareholders, as no new shares will be issued by the Company. Upon completion, Mitsubishi Materials' equity ownership in Western is expected to return to approximately 5%.

"Mitsubishi Materials have been a supportive partner, and we are pleased to see them grow their ownership in Western," said Sandeep Singh , President and CEO. "Their continued support through this proposed new investment, made through non-dilutive, open market purchases, is another vote of confidence in the team and the Casino Project. The corresponding extension of rights reflects the productive and aligned relationship we've built, and we look forward to continuing to collaborate as we advance one of Canada's most important critical minerals projects."

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding Mitsubishi Materials acquiring additional common shares of the Company.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-strengthens-strategic-partnership-with-mitsubishi-materials-302428507.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/15/c9765.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Ramp Metals Provides Drill and Geophysics Update

Ramp Metals Provides Drill and Geophysics Update

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has completed a geophysics program at its Ranger and Rush targets on the Rottenstone SW property, with the remainder of the property to be surveyed prior to the summer exploration season. The survey was flown using the Xcite HTDEM system, with 100-meter line space to provide high-resolution data for target refinement.

Over Ranger, the survey, uncovered a series of EM anomalies to the east of the main Ranger target (Figure 1). The newly identified anomalies stretch for over 1900m along a NE-SW trending structure.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×