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.

Andrew Chubb, CEO of Awalé Resources, commented: "With multiple active exploration fronts, Awalé remains committed to delivering consistent updates and advancing its high-grade gold-copper targets at Odienné. Most recently, the completion of 2,014m of drilling at the 100%-owned Fremen target and geophysics along the BBM trend mark another important milestone in our systematic exploration approach to unlocking the potential of the Odienné Project. We look forward to updating the market as results become available and as we continue advancing exploration of the Odienné Project."

Current Target Summary

Fremen Target (100% Awalé)

  • Completed 2,014m scout reverse circulation ("RC") drill program across 22 holes over high-priority geochemical and IP anomalies (Figure 2), with initial results expected in April 2025.

BBM extensions

  • Commenced up to 4,000m of RC drilling on the BBM extensions, targeting key structural trends identified from previous drilling and geophysical surveys, with initial results expected in April/May 2025.

BBM trend

  • Completed a 150-line-km Induced Polarization ("IP") geophysics survey covering over 15km of strike along the BBM trend, extending from the Fremen target in the southeast to the recently identified Boba and Fett targets in the north (Figure 3), with final processed images expected in March 2025.

BBM Target

  • Completed a total of 6,379.9m of diamond drilling across 22 holes and one re-entry hole, with pending assay results from 18 drill holes.
  • Results continue to meet expectations, returning robust gold and copper mineralization with consistent broad width and grade and further confirming the continuity of mineralization at BBM and its potential as a significant near-surface resource.

Charger Target

  • Drilling continues with 2,500m of DD 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. Eight holes have been completed, with results expected in April/May 2025.

Empire Target

  • Empire was the Company's first high-grade gold discovery, with previous results including 15m @ 13.1 g/t Au in hole OEDD-24. Exploration had covered approximately only 5km of 20km trend.
  • 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.

Lando Target

  • Lando is a large 4km-long copper-gold soil anomaly, located 10km northwest of BBM.
  • Preparing to commence a 5 DD holes for a 1,000m and 20 RC holes for 1,600m program.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10016/242634_eac7123474630b2f_002.jpg

Figure 1: The Odienné Project - 2,462 square kilometres, showing targets for the project area.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/242634_eac7123474630b2f_002full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10016/242634_eac7123474630b2f_003.jpg

Figure 2: Induced Polarization 'Chargeability' image with the BBM and Fremen gold footprint superimposed in red. Drilled RC lines for the Fremen target are shown as black lines P1 to P4. Top right in an inset of the Fremen target.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/242634_eac7123474630b2f_003full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10016/242634_eac7123474630b2f_004.jpg

Figure 3: The 15km-long BBM shear - A 15km trend with Fremen to the southeast, BBM, and Boba and Fett targets to the north.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/242634_eac7123474630b2f_004full.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.

Abbreviations Used in this Release

AuGold
DDDiamond drilling
g/tGrams per tonne
IPInduced Polarization
RCReverse circulation
kmKilometres
mMetres

 

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/242634

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 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
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
Metals and Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

Metals and Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals and Mining Virtual Investor Conference, held May 6 th -8th are now available for online viewing.

REGISTER AND VIEW PRESENTATIONS HERE

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
RETRANSMISSION: Group Eleven to be Featured on Radius Research for a Live Company Pitch, Deep Dive and Q&A Webinar

RETRANSMISSION: Group Eleven to be Featured on Radius Research for a Live Company Pitch, Deep Dive and Q&A Webinar

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to invite investors and other interested parties to attend the Company's upcoming interview with Radius Research.

CEO Bart Jaworski is providing an update on ZNG's Ballywire high-grade zinc-lead-silver (+/- germanium, +/- copper) discovery in the Republic of Ireland.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Bold Ventures to Present at Metals Investor Forum in Vancouver on May 9, 2025

Bold Ventures to Present at Metals Investor Forum in Vancouver on May 9, 2025

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the Company will be presenting at Metals Investor Forum (MIF) on May 9 at The Rosewood Hotel, 801 W Georgia St, Vancouver, BC. The Company's President and COO, Bruce MacLachlan, and the Company's V.P. Exploration, Coleman Robertson, will be present during the conference.

John Kaiser, author of Kaiser Research Online, will be introducing Coleman Robertson at 4:50 p.m. Local Time, who will provide an overview and update on the Company's assets and plans for the upcoming field season. Please see the link to the May 9 Metals Investor Forum web page.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×