Awalé Extends Fremen Target Footprint by 5 km and Confirms New Gold Mineralization on its 100%-Owned Ground
Awalé Extends Fremen Target Footprint by 5
km and Confirms New Gold Mineralization on
its 100%-Owned Ground
HIGHLIGHTS
New +5 km gold-in-termitaria footprint identified, extending the Fremen target southward
Potential for standalone discoveries on 100%-owned Awalé properties
Additional scout drilling set to begin in June
Drilling confirms near-surface mineralization along strike from BBM discovery
Confirming significant gold-mineralized trend stretching +10 km within 100%-owned
ground
Toronto, Ontario--(Newsfile Corp. - June 16, 2025) -
Awalé Resources Limited (TSXV: ARIC)
("
Awalé
" or the "
Company
") is pleased to report a 5-kilometre ("km") extension of the Fremen target,
based on results from termite mound sampling. In addition, gold assay results from recent scout drilling
confirms mineralization along the same structural trend as the BBM discovery. The significant extension,
along with positive drilling results, confirms a significant gold-mineralized trend stretching over 10
kilometres within Awalé's 100%-owned ground, from the BBM discovery.
Additional Drilling on Fremen Set to Begin
Further scout drilling is planned for June, ahead of the seasonal rains. This program consists of a 1,200-
metre reverse circulation ("RC") scout drilling campaign to test the newly defined +5-kilometre gold-in-
termitaria anomaly. Follow-up diamond drilling is scheduled for October 2025. An aeromagnetic survey
will also be completed in June, covering the three granted 100%-owned Awalé permits: Sienso, Sama,
and Seydou. These activities, along with upcoming results from BBM satellite targets, Charger deep
drilling, and Lando, are expected to generate a steady stream of news flow from Awalé.
"Fremen is the first of our 100%-owned targets in what is emerging as a new gold and copper district in
Côte d'Ivoire. Located along strike from the BBM discovery, Awalé has now extended the Fremen
footprint to 10 kilometres with termite mound sampling. This demonstrates the potential of the Odienné
Project to deliver standalone discoveries within our 100% ground. This is further reinforced by Fortuna
Mining's recent equity investment, which will fund the advancement of our 100%-owned properties as we
aggressively expand exploration across the greater Odienné district. Given the scale of mineralization
and ongoing discoveries, the Project's center of gravity may ultimately reside within our wholly owned
ground," commented Andrew Chubb, CEO of Awalé Resources.
Link to All Figures
View Video of CEO Andrew Chubb Discussing Results
Background on Termite Mound Programs and Drilling
The 400m x 50m termitaria sampling grid consisting of 1,404 samples covered the southern extension of
the Fremen drill zone to the permit boundary. Results from this program have outlined a consistent, 5-km-
long gold-in-termitaria anomaly, averaging above 14 parts per billion ("ppb") gold with a peak value of
119 ppb. The anomaly curves around an intrusive contact to the east in a structural setting similar to
BBM. The scout RC drill program consisted of 2,230-metres across 24 holes at the 100%-owned
Fremen target. Gold mineralization intercepted is associated with alteration and shearing, similar to the
BBM discovery and represent significant early-stage intercepts over broad intervals coincident with the
interpreted extension of the structure that hosts the BBM discovery. Some selected intercepts from the
Fremen target scout drilling include:
15m @ 0.6 g/t gold from 40m downhole in hole SSRC-20, including 7m @ 1.1 g/t gold from 46m
downhole,
8m @ 0.5 g/t gold from 100m downhole in hole SSRC-02,
8m @ 0.7 g/t gold from 78m downhole in hole SSRC-03.
Turaco Option Exercise
Following the successful renewal of the Sienso exploration permit ("PR-840") for an additional three-year
term—and with all other conditions of the agreement now satisfied—Awalé has elected to exercise its
exclusive option to acquire a 100% interest in the Sienso permit from Turaco Gold Limited ("Turaco").
The Sienso permit represents an important part of the Odienné Project area, which Awalé is actively
advancing through a district-scale exploration program targeting gold-copper mineral systems.
Pursuant to the agreement, Awalé will issue 680,715 common shares to Turaco. These shares will be
subject to a 12-month escrow
from the date of issuance. Upon completion of the share issuance, Awalé
will hold a 100% interest in the Sienso permit, subject to an existing 2.5% net smelter return (NSR)
royalty in favour of Resolute Mining Ltd.
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 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.
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 1: Significant Intercepts - (from this release)
Drill Line
Hole ID
From
(m)
To
(m)
Length
(m)
Au
(g/t)
Comp. Trigger (g/t)
P2
SSRC0001
37.00
47.00
10.00
0.2
0.10
including
41.00
46.00
5.00
0.4
0.20
SSRC0001
60.00
77.00
17.00
0.1
0.10
including
66.00
70.00
4.00
0.2
0.20
and
73.00
74.00
1.00
0.3
0.20
105.00
106.00
1.00
0.9
0.20
110.00
112.00
2.00
0.4
0.20
P2
SSRC0002
1.00
27.00
26.00
0.2
0.10
including
4.00
9.00
5.00
0.3
0.20
and
13.00
19.00
6.00
0.2
0.20
31.00
32.00
1.00
0.3
0.20
44.00
50.00
6.00
0.2
0.10
including
44.00
47.00
3.00
0.2
0.20
71.00
72.00
1.00
0.2
0.20
97.00
108.00
11.00
0.4
0.10
including
100.00
108.00
8.00
0.5
0.20
121.00
128.00
7.00
0.4
0.20
P2
SSRC0003
29.00
30.00
1.00
0.4
0.20
75.00
87.00
12.00
0.5
0.10
including
78.00
86.00
8.00
0.7
0.20
and
83.00
84.00
1.00
2.8
1.00
P2
SSRC0004
39.00
40.00
1.00
0.2
0.20
P1
SSRC0008
74.00
75.00
1.00
0.3
0.20
P1
SSRC0010
74.00
79.00
5.00
0.3
0.20
84.00
85.00
1.00
0.3
0.20
P3
SSRC0019
22.00
23.00
1.00
0.4
0.20
P3
SSRC0020
13.00
36.00
23.00
0.1
0.10
40.00
55.00
15.00
0.6
0.10
including
46.00
53.00
7.00
1.1
0.50
P3
SSRC0021
1.00
6.00
5.00
0.3
0.20
P3
SSRC0023
54.00
55.00
1.00
0.3
0.20
61.00
69.00
8.00
0.2
0.10
including
61.00
65.00
4.00
0.2
0.20
82.00
95.00
13.00
0.2
0.10
including
84.00
90.00
6.00
0.4
0.20
P2
SSRC0024
12.00
28.00
16.00
0.2
0.10
including
12.00
22.00
10.00
0.3
0.20
SSRC0024
108.00
113.00
5.00
0.4
0.10
including
108.00
111.00
3.00
0.6
0.20
Table 2: Fremen Drilling Collar Cable - (all collars from this program)
Hole ID
Easting
Northing
RL_M
Azim_True
Dip
Depth
(m)
SSRC0001
659054.2
1042583.2
438.9
65
-50
126
SSRC0002
659097.9
1042597.6
439.8
65
-50
144
SSRC0003
659175.6
1042639.2
439.9
65
-50
108
SSRC0004
659237.8
1042664.8
438.8
65
-50
84
SSRC0005
659282.6
1042687.1
438.0
65
-50
80
SSRC0006
659283.4
1042460.7
442.7
245
-50
96
SSRC0007
659229.5
1042439.6
442.2
245
-50
96
SSRC0008
659187.4
1042419.3
441.5
245
-50
90
SSRC0009
659145.5
1042400.1
440.5
245
-50
102
SSRC0010
659103.5
1042382.7
439.4
245
-50
90
SSRC0011
659065.5
1042357.1
438.0
245
-50
84
SSRC0012
659023.5
1042338.5
436.9
245
-50
90
SSRC0013
659423.4
1043258.1
435.4
73
-50
80
SSRC0014
659466.6
1043271.4
434.2
73
-50
80
SSRC0015
659510.9
1043285.1
433.1
73
-50
80
SSRC0016
659552.6
1043302.1
431.9
73
-50
80
SSRC0017
659596.8
1043315.3
430.9
73
-50
90
SSRC0018
658086.5
1044831.5
429.1
62
-50
90
SSRC0019
658128.1
1044852.9
428.8
62
-50
80
SSRC0020
658169.0
1044873.7
428.8
62
-50
84
SSRC0021
658208.0
1044897.5
429.0
62
-50
80
SSRC0022
658248.4
1044918.8
429.1
62
-50
80
SSRC0023
659023.0
1042574.0
432.0
65
-50
96
SSRC0024
659139.0
1042625.0
452.0
65
-50
120
Quality Control and Assurance
RC sampling was conducted on a metre-by-metre basis, with each metre weighed and riffle split to
produce approximately 3 kg 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 50cm 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 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 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 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 Fremen target, initial mineralized zones are calculated at a 0.1 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, 0.5 g/t 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
Cu
Copper
g/t
Grams per tonne
kg
Kilogram
km
Kilometre
m
Metre
ppb
Parts per billion
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 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/255347