Awalé Commences 88,000-Metre Drill Program Focused on Resource Definition and Discovery
Awalé Commences 88,000-Metre Drill Program
Focused on Resource Definition and
Discovery
HIGHLIGHTS
88,000 metres of diamond drilling underway at Odienné with four rigs currently operating
and two additional rigs arriving in December.
Focus is on advancing BBM, Charger, and Empire toward resource estimates, while
accelerating greenfield discovery.
Multiple new greenfield targets identified, with infill geochemistry program underway
ahead of discovery drilling.
Details on up to 15,000 metres of additional drilling will be provided in a subsequent
update.
Strike-extension drilling underway at Charger; first results expected before year end.
Toronto, Ontario--(Newsfile Corp. - November 21, 2025) -
Awalé Resources Limited (TSXV: ARIC)
(OTCQX: AWLRF) (FSE: 2F60)
("
Awalé
" or the "
Company
") is pleased to provide further details on
its 88,000-metre diamond drill program now underway at the Odienné Project ("
Odienné
" or the
"
Project
") in Côte d'Ivoire. This extensive program, part of Awalé's systematic district-scale exploration
strategy, is designed to advance the BBM, Charger, and Empire targets toward an initial resource, while
continuing greenfield exploration across priority targets in the Odienné East and Odienné West permits
(see Project Schedule in Figure 2).
"We are very proud to begin this next, transformative phase at Odienné," commented Andrew Chubb,
CEO of Awalé Resources. "This 88,000-metre joint venture campaign is our largest to date and marks
the culmination of three years of systematic groundwork and continual success at the drill bit.
"With four rigs turning and two more arriving in December, we are rapidly expanding our understanding
of this emerging gold and copper district. Our objective is very clear: advance BBM, Charger, and
Empire toward resource definition and a preliminary economic assessment, while continuing to make
new discoveries that support a Tier-1-scale district."
Objective for the Targets
Charger
: Strike-extension drilling targeting a second demagnetized zone to the southwest of the
current drill area. Initial infill drilling aims to bring Charger to an inferred resource down to 400m
vertical metres, with step-down drilling planned to test continuity at depth.
BBM
: Infill and step-down drilling to support an initial resource estimate and expand known
mineralization at depth.
Empire
: Initial resource drilling to bring Empire to an inferred resource before further expansion
and resource development drilling both down-plunge and along strike. Rigs will be shifted to
Empire after completion of resource development drilling at BBM.
Greenfield and Discovery Expansion targets
: An initial 9,000 metres of drilling assigned to
high-priority targets: A total of thirteen (13) new geochemistry and geophysical targets (see Figure
3) have been identified which will be layered with geophysics including the recent airborne gravity
gradient (AGG) survey to develop high-priority greenfield targets. Termite-mound and soil
geochemistry programs will increase target resolution from 400 x 50m to 200 x 50m sample
spacing. Deeper step-down and along-strike drilling will continue at BBM, Charger, and Empire
with the aim of expanding resource inventory post-delivery of a PEA in Q3 2026.
Link to All Figures
Table 1: Drill Metres by Target and Quarter - Total of 88,700 metres
Target
Program
2025
2026
Q4
Q1
Q2
Q3
Q4
BBM
Resource
4,250
8,200
Resource PFS
8,900
8,900
10,200
Exploration - Underground Potential
7,300
Charger
Resource
7,000
Resource PFS Deep Drill
9,200
Exploration
4,200
Empire
Resource
1,300
Resource PFS
5,500
Exploration
7,000
New Targets
Exploration
4,500
2,250
Total
21,250
19,650
23,200
14,400
10,200
Note: Drill metres presented in Table 1 are approximate and subject to change.
Program Scope and Objectives
The 88,000-metre program is the most significant phase of drilling undertaken across the Awalé-
Newmont Joint Venture ("OJV") permits to date, covering multiple mineralized corridors within the
Odienné district (see Table 1 for planned program details - type of drilling, planned metres, and timing).
With up to six rigs operating by December, Awalé expects initial results from Charger by year end,
followed by a steady flow of results throughout the 2026 field season, which runs through to August 2026.
Q4 2025 - Resource Definition Drilling
Q4 drilling is primarily focused on resource development for the initial mineral resource estimate (MRE).
Q1 2026 - Discovery Drilling
In Q1 2026, the program shifts to greenfield and discovery expansion drilling. Recently completed AGG
data is now being integrated with extensive new termite-mound geochemistry to refine and prioritize
greenfield discovery targets.
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 exploring the Odienné Copper-Gold Project ("
Odienné
"
or the "
Project
"), covering 2,346 km
2
across seven permits-five granted and two applications. This
includes 797 km
2
in two permits held under the Awalé-Newmont Joint Venture ("OJV"). Awalé currently
manages all exploration activities over the OJV, with funding currently provided by Newmont Ventures
Limited ("Newmont") under an Exploration Agreement signed in May 2022.
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.
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.
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.
Abbreviations Used in this Release
m
Metres
km
Kilometres
MRE
Mineral resource estimate
PEA
Preliminary economic assessment
PFS
Prefeasibility study
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
Ardem Keshishian, VP Corporate Development
+1 (416) 471-5463
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 news 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, propose, potential, 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
news 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, timing and extent of planned drilling, expectations
to achieve a first mineral resource estimate and preliminary economic assessment, advancing
towards a pre-feasibility study, potential for new discoveries, timing for providing assay results,
commencement of operations. Although the Company believes any forward-looking statements in this
news 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, the results of the proposed drilling
programs, the number of drilling rigs on site, 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 and that the
proposed drilling program will proceed as planned. 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/275410