Awalé Extends Charger's High-Grade Gold Zone to 600 Metres below Surface; Intersects 17.9 g/t Gold over 6 Metres and Targets New Strike Extensions
Awalé Extends Charger's High-Grade Gold
Zone to 600 Metres below Surface; Intersects
17.9 g/t Gold over 6 Metres and Targets New
Strike Extensions
HIGHLIGHTS
Charger's high-grade gold system remains open at depth - now at 600m below surface.
17.9 g/t gold over 6m from 433m downhole in hole OEDD-149.
1.9 g/t gold over 14m from 477m downhole in hole OEDD-150.
4.8 g/t gold over 4m from 374m downhole and 3.9 g/t gold over 9m from 446m downhole
in hole OEDD-154.
Four rigs mobilize in November as Awalé expands its aggressive drilling campaign at
Odienné.
Toronto, Ontario--(Newsfile Corp. - November 6, 2025) -
Awalé Resources Limited (TSXV: ARIC)
(OTCQX: AWLRF) (FSE: 2F60)
("
Awalé
" or the "
Company
") is pleased to announce results from
step-back diamond drilling at the Charger discovery, part of the Odienné Project ("
Odienné
" or the
"
Project
") in Côte d'Ivoire (see Figures 1 and 2).
Hole OEDD-149 marks a key step forward for the Charger discovery, confirming that the high-grade
gold mineralization in OEDD-148 continues 180 metres deeper (see Cross Section in Figure 4). The
intercept of 17.9 g/t gold over 6 metres within a 40-metre mineralized breccia zone in OEDD-149
demonstrates strong continuity with scale at depth. Combined with OEDD-148's 52 metres at 16.4 g/t
gold (including 11 metres at 70.3 g/t gold), these results define a steeply dipping, high-grade gold shoot
now extending to 600 metres below surface and open in all directions.
"Charger continues to deliver high-grade results at depth, and the target just keeps getting more
compelling the more we drill. These step-back holes show continuity of exceptional grades and a system
that's built for scale. Extending high-grade gold mineralization to 600 metres below surface, we are
happy to see the system remains wide open down-plunge and to the southwest. Charger is shaping up
to be a significant discovery," said Andrew Chubb, CEO of Awalé Resources.
The wide 200-metre spacing between step-back holes confirms Charger's steeply dipping, plunging
geometry. With limited drilling at these depths, the growth opportunity remains significant as Awalé
advances toward resource definition and tests new undrilled targets. Charger also remains open to the
southwest, where upcoming drilling, guided by mapping and surface sampling, will explore new zones
along the same trend. Four rigs will mobilize in November as Awalé launches its next aggressive drilling
campaign at Odienné.
Link to All Figures
Link to Drill Core Photos
View Video of CEO Andrew Chubb Discussing Results
Key Takeaways from this Drill Program
There are 4 key takeaways from these four drillholes:
1
.
The system remains open at depth – now at more than 600m below surface, demonstrating the
system's vertical and lateral expansion potential.
2
.
When breccia is intercepted, such as in hole OEDD-149, mineralization continues to be high-
grade.
3
.
Significant potential for further Charger-style high-grade mineralization between these step-back
holes and previous drilling. The model for Charger is for shallow plunging, very high-grade
mineralization target within fold hinges. This requires a strategy of closer spaced level drilling to pin
down any geometric shifts in geology (See Drill Collar Plan and Long Section in Figures 3 and 5,
respectively).
4
.
Hole OEDD-151 is important, as it has intersected the north-eastern edge of the breccia zone, with
associated strain, alteration, and grades consistent with proximity to stronger mineralization. Step-
out drilling along a southwestern exploration vector at similar relative levels (RLs), is expected to
intersect thicker and higher-grade breccia zones.
Background on Deeper drilling
The deepest hole, OEDD-151, is interpreted to have intercepted the margins of the Charger breccia
system (see Figure 6 with photos explaining exploration vectors at Charger). This hole confirms
continuity of gold mineralization to 600m vertical depth and demonstrates the system remains open at
depth. Additionally, recent surface mapping and sampling have revealed subcrop of Charger-style
mineralization extending southwest and on trend from the current drill area. This zone is associated with
a second demagnetized geophysics target and will be drill tested in Q4 2025.
Further to these extensions to the Charger system, there is over 200m of vertical separation between
these new step-back holes and earlier reported high-grade intercepts, which occur around 100m depth
in holes OEDD-83, OEDD-88, OEDD-100, and OEDD-148 (see Company news releases dated
March
25, 2024
,
July 31, 2024
,
November 11, 2024
, and
June 25, 2025
,
respectively). These undrilled target
zones have potential to see repetition of similar shallow plunging high-grade shoots within the current
charger discovery zone.
Table 1: Significant Intercepts from Diamond Drilling - (from this release)
Hole ID
From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
Cu
(ppm)
Mo
(ppm)
Composite
Trigger
(Au g/t)
OEDD0149
266
267
1
0.8
2.3
724.0
47.8
0.5
368
369
1
2.3
0.8
188.0
116.5
0.5
420
422
2
1.4
0.4
63.4
1.4
0.5
427
428
1
0.6
5.6
386.0
1.4
0.5
433
439
6
17.9
28.1
150.6
2.8
0.5
446
447
1
0.6
5.8
36.2
3.7
0.5
460
461
1
0.5
7.7
123.0
1.0
0.5
514
515
1
0.9
0.5
98.2
2.9
0.5
532
534
2
1.2
1.1
90.6
79.3
0.5
541
546
5
1.1
0.9
92.0
10.6
0.5
OEDD0150
289
290
1
0.8
1.0
261.0
1.5
0.5
418
419
1
0.8
0.8
50.5
1.3
0.5
432
435
3
2.1
0.6
97.3
2.7
0.5
440
441
1
5.3
6.1
107.0
61.1
0.5
477
491
14
1.9
1.9
196.9
1.3
0.5
including
477
482
5
3.5
2.8
176.7
1.26
3.00
and
477
478
1
8.2
6.5
200
1.38
5.00
514
515
1
0.7
0.7
129.0
23.1
0.5
OEDD0151
176
178
2
0.6
0.7
58.0
1.8
0.5
658
659
1
0.9
0.3
113.5
1.3
0.5
702
703
1
1.0
0.2
113.0
8.9
0.5
743
744
1
1.8
0.2
152.5
1.7
0.5
OEDD0154
268
269
1
0.5
0.4
294.0
1.5
0.5
374
378
4
4.8
0.6
134.9
8.0
0.5
including
374
375
1
14.5
0.6
324
12.3
5.00
446
455
9
3.9
1.3
41.0
2.1
0.5
including
454
455
1
27.1
32.0
80
2
5.00
459
460
1
0.6
1.1
34.4
1.1
0.5
462
463
1
0.5
2.4
42.3
2.0
0.5
470
471
1
0.9
1.0
108.0
1.1
0.5
491
493
2
2.6
35.7
716.5
1.0
0.5
524
528
4
2.9
0.5
70.6
5.1
0.5
including
527
528
1
8.5
0.6
68.9
0.81
3.00
Table 2: Charger Drill Collar Details – (all collars from this release)
Hole ID
Easting
Northing
RL_M
Azimuth_True
DIP
EOH_M
OEDD0149
647837.23
1032090.76
466.66
305.00
-64.50
632.55
OEDD0150
647868.03
1032106.85
465.65
305.00
-64.50
620.70
OEDD0151
647893.88
1032028.53
462.53
300.10
-67.10
806.08
OEDD0154
647812.54
1032074.35
467.28
305.00
-65.00
650.07
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.
Quality Control and Assurance
Analytical work for geochemistry samples is being carried out at the independent ALS Laboratories in
Ghana, Canada 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 ALS 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
ALS Ghana for fire assay and a second to Canada or 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. Where visible gold is observed in
drill core, a quartz wash is applied between every sample to reduce or eliminate any contamination.
Once Fire assay results are received sample over 5 g/t gold are routinely screen fire assayed, samples
lower than 5 g/t continued within a high-grade interval are also screen fire assayed.
Mineralized Interval Calculations
Significant intervals reported in this news release are calculated as downhole length-weighted
intercepts. For the Charger target, initial mineralized zones are calculated at a 0.5 g/t Au trigger and
include up to 3 metres of internal waste for delineating mineralized zones. Included intervals are
calculated at 1 g/t, 3 g/t and 5 g/t Au trigger values, with up to 3 metres of internal waste. Table 1
contains a list of all Charger holes reported in this release. True widths are estimated to be 70% of the
downhole widths.
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
Ag
Silver
Au
Gold
Cu
Copper
g/t
Grams per tonne
km
Kilometres
m
Metres
Mo
Molybdenum
ppm
Parts per million
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/273361