Awalé Confirms 'BBM Style' Mineralization at the 100%-Owned Fremen Target
Awalé Confirms 'BBM Style' Mineralization at
the 100%-Owned Fremen Target
HIGHLIGHTS
Awalé is advancing its geological understanding of the Fremen target, with shallow
drilling confirming near-surface mineralization along 8 kilometres of strike.
RC drilling confirms mineralization over 5-kilometre-long gold-in-termite mound anomaly,
extending the zone.
Mineralization hosted in sheared and altered intrusive rocks, consistent with the BBM
discovery setting.
Shallow drill intersections include:
7m @ 0.6 g/t Au from 97m downhole in hole SSRC-34, including 3m @ 1.1 g/t Au
from 99m
14m @ 0.4 g/t Au from 6m downhole in hole SSRC-35, including 1m @ 1.1 g/t Au
from 11m
5m @ 1.3 g/t Au from 10m downhole in hole SSRC-36, including 1m @ 4.6 g/t Au
from 10m
Toronto, Ontario--(Newsfile Corp. - October 29, 2025) -
Awalé Resources Limited (TSXV: ARIC)
(OTCQX: AWLRF) (FSE: 2F60)
("
Awalé
" or the "
Company
") is pleased to report assay results from
Reverse Circulation ("RC") drilling at the 100%-owned Fremen target, part of the Odienné Project
("
Odienné
" or the "
Project
") in Côte d'Ivoire.
This second phase of drilling has confirmed mineralization within a 5-kilometre extension to the initial 4-
kilometre-long zone to the northwest of the target area. Mineralization was intercepted in 4 of 5 drill
fences from the scout drill program which consisted of 5 broadly spaced fences with 2,430m drilled in 22
holes.
"We are building our understanding of the Fremen target, and shallow drilling has now confirmed near-
surface mineralization over 8 kilometres of strike. Follow-up diamond drilling is set to begin in
November, and we'll be integrating these latest results with our new magnetic geophysics to refine our
understanding of this target.
"With C$15 million in treasury, the Company is well funded to continue advancing Fremen while also
building a strong pipeline of drill-ready targets across all our 100%-owned properties which cover
approximately 1,550 km² or two-thirds of the Odienné Project's 2,346 km² land package. We are only
beginning to unlock the potential of our 100%-owned ground, and we are committed to delivering new
discoveries and value for shareholders," commented Andrew Chubb, CEO of Awalé Resources.
The 100,000m drill program announced earlier in the month (
see October 3, 2025 news release
) is on
schedule to commence after the rainy season in October 2025, with up to 5 rigs expected on site and
near-continuous drilling planned throughout 2026. Awalé will provide shareholders with updates on
specific targets, timelines, and results as the program advances.
The Company also anticipates publishing assay results from earlier drilling at Charger in the near term.
This is the second RC drilling program at the 100%-owned Fremen target in the Sienso permit. The 22-
hole, 2,430-metre program tested a newly defined 5 km southern extension to mineralization identified in
Phase I drilling, which included shallow intersections of 15m @ 0.6 g/t gold from 40m, including 7m @
1.1 g/t gold from 46m (
see June 16, 2025 news release
). The latest results confirm shallow gold
mineralization that encouragingly has very similar geology to Awalé's BBM discovery.
The mineralized trend at Fremen now extends for more than 8 km, with follow-up drilling set to
commence this quarter to further define scale and tenor of mineralization.
Link to All Figures
View Video of CEO Andrew Chubb Discussing Results
Watch Video of CEO Andrew Chubb Discussing Termitaria in Exploration
Table 1: Significant Intercepts - (from this release)
Hole ID
From
(m)
To
(m)
Length
(m)
Au
(g/t)
Comp. Trigger
(Au g/t)
SSRC0026
12
17
5
0.2
0.2
SSRC0030
37
38
1
1.5
0.2
SSRC0034
58
60
2
0.6
0.2
including
59
60
1
1.0
0.5
97
104
7
0.6
0.2
including
99
102
3
1.1
0.5
SSRC0035
6
20
14
0.4
0.2
including
11
12
1
1.1
1.0
24
29
5
0.5
0.2
56
59
3
0.5
0.2
including
58
59
1
1.1
0.5
SSRC0036
10
15
5
1.3
0.2
including
10
11
1
4.6
1.0
SSRC0039
78
79
1
1.0
0.5
96
97
1
1.3
0.2
SSRC0046
40
41
1
0.5
0.2
96
100
4
0.4
0.2
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.
Table 2: Fremen Drilling Collar Cable - (all collars from this program)
Hole ID
Easting
Northing
RL_M
Azimuth_True
Dip
EOH_M
SSRC0026
661082.7
1037564.9
427.5
66
-50
106
SSRC0027
661133.5
1037586.4
426.0
66
-50
118
SSRC0028
661181.3
1037611.6
424.7
66
-50
114
SSRC0029
660791.5
1038022.0
432.2
66
-50
105
SSRC0030
660839.9
1038041.5
432.5
66
-50
108
SSRC0031
660890.8
1038065.0
432.7
66
-50
100
SSRC0032
660939.9
1038086.0
432.4
66
-50
100
SSRC0033
660441.7
1038430.9
436.0
66
-50
102
SSRC0034
660491.3
1038452.7
436.1
66
-50
104
SSRC0035
660542.3
1038474.1
436.8
66
-50
106
SSRC0036
660592.6
1038495.2
437.7
66
-50
108
SSRC0037
660363.1
1039329.9
425.0
66
-50
102
SSRC0038
660410.6
1039350.8
423.3
66
-50
78
SSRC0039
660464.4
1039374.8
421.0
66
-50
100
SSRC0040
660511.4
1039397.0
418.8
66
-50
101
SSRC0041
661489.3
1036755.9
442.4
66
-50
102
SSRC0042
661536.8
1036777.8
442.9
66
-50
102
SSRC0043
661588.5
1036802.3
443.0
66
-50
102
SSRC0044
661635.3
1036824.4
443.3
66
-50
40
SSRC0045
661644.4
1036829.0
443.4
66
-50
114
SSRC0046
660737.8
1037997.0
432.0
66
-50
100
Quality Control and Assurance
Reverse Circulation sampling was conducted on a metre-by-metre basis, with each metre weighed and
riffle split to produce approximately 3-kilogram sub-samples for laboratory submission. Each sample
was clearly labelled, and routine field duplicate samples were taken via a second riffle split of the original
sample. Systematic certified reference material is also inserted in the sample stream as well as blank
samples.
Termite mound geochemistry samples are taken from multiple (minimum 3) 20-to-50-centimetre cores
pierced into the mound. Routine duplicate samples are collected on site as well as insertion of reference
materials and blanks.
Analytical work for all samples is being carried out at the independent SGS Laboratories in Côte
d'Ivoire, an ISO 17025 Certified Laboratory. Samples are prepared and stored at the Company's field
camps and put into sealed bags and transported to SGS secure facility in Yamoussoukro Côte d'Ivoire
for preparation and analysis. 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 returned to the Company for multielement analysis by portable XRF a second analyzed by fire
assay with AAS finish at SGS Yamoussoukro. 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 Fremen target, initial mineralized zones are calculated at a 0.2 g/t Au trigger and
include up to 3 metres of internal waste for delineating mineralized zones. Included intervals are
calculated at 0.2 g/t Au, 0.5 g/t Au, and 1 g/t Au trigger values, with up to 3 metres of internal waste.
Table 1 contains a list of all Fremen holes reported in this release. True widths are unknown from this
early-stage percussion RC drill program.
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
Au
Gold
g/t
Grams per tonne
km
Kilometre
m
Metre
RC
Reverse circulation
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.ca
. 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/272307