Awalé Hits 1.6 g/t Gold Eq. over 45 Metres at the BBM Zone, Odienné Project
Awalé Hits 1.6 g/t Gold Eq. over 45 Metres at
the BBM Zone, Odienné Project
HIGHLIGHTS
45m @ 1.6 grams per tonne ("g/t") gold equivalent ("AuEq.") from 220m in OEDD-131,
including 4m @ 2.6 g/t Au, 0.55% Cu, and 449ppm Mo from 241m.
37m @ 0.8 g/t AuEq. from 159m downhole in OEDD-133.
BBM has now confirmed consistent mineralization over 1km down to a depth of 300m
below surface, with average true widths
1
ranging from 30m in the core zone to 22m over
the entire 1km drilled strike.
Several holes below 300m depth show mineralization is open down plunge.
All assays from the 22-hole, 6,380m, diamond drill program at BBM are now reported.
Toronto, Ontario--(Newsfile Corp. - April 8, 2025) -
Awalé Resources Limited (TSXV: ARIC)
("
Awalé
"
or the "
Company
") is pleased to report results from the last six diamond drill holes completed as part of
the drill campaign targeting the BBM discovery at the Odienné Project ("
Odienné
" or the "
Project
") in
Côte d'Ivoire. The drill program began in November 2024 and is complete with a total of 6,380m drilled.
The latest results include one hole (OEDD-129) drilled at the southeastern extent of the BBM
mineralization and five holes (OEDD-128, 130, 131, 132, and 133) drilled along the northwestern
extents. The latter confirms a significant extension of mineralization to the northwest and identifies a
steeply dipping, higher-grade lens likely related to folding in the western portion of the BBM zone (see
significant intercepts from this release in Table 1). Awalé has closed drill spacing to a 100m grid and
has confirmed the continuity of mineralization over at least 1 strike km (see drill plans and sections in the
link below).
"With all results from the 22-hole diamond drill program at BBM now in hand, we are pleased to confirm
a broad, consistent gold-copper mineralized system extending over a 1-kilometre strike to 300 metres
below surface. Within this, we've defined a moderately plunging, higher-grade core - 300 metres wide
which remains open down plunge, with significant potential for satellite targets within 2 to 3 kilometres of
the now well-defined BBM discovery zone. We await the results from a scout reverse circulation drill
program testing these additional satellite targets along strike.
As part of the broader 18,000m company-wide drill campaign, BBM is one of several key targets under
active evaluation. With approximately two-thirds of results still pending, Awalé expects a consistent
stream of news flow as it works to unlock the camp-scale potential of the Odienné Project," commented
Andrew Chubb, CEO of Awalé Resources.
Link to All Figures
Watch CEO Andrew Chubb Discuss the Results
Table 1: Significant Intercepts from this Release
Hole ID
From
(m)
To
(m)
Width (m)
Au
(g/t)
Cu
(%)
Ag
(g/t)
Mo
(ppm)
AuEq.
(80%)
Comp
Trigger
(Au g/t)
OEDD0128
18
28.5
10.5
0.3
0.21
0.7
14
0.4
0.2
OEDD0128
34
53
19
0.5
0.26
0.7
62
0.7
0.2
OEDD0128
84
100
16
0.7
0.59
1.2
150
1.2
0.2
OEDD0128
187
222
35
0.5
0.56
1.9
284
1.1
0.2
OEDD0129
275
301
26
0.5
0.15
0.5
124
0.6
0.2
including
281
286
5
1.1
0.18
0.5
60
1.1
0.5
and
290
294
4
1.1
0.26
0.9
169
1.2
0.5
OEDD0131
220
265
45
1.4
0.41
1.5
163
1.6
0.5
including
241
245
4
2.6
0.55
1.6
449
2.7
2.0
OEDD0132
350
356
6
0.6
0.27
1.1
22
0.8
0.2
including
389
390
1
14.4
0.58
2.0
351
12.2
5.0
OEDD0133
159
196
37
0.5
0.33
1.5
45
0.8
0.2
OEDD0133
176
196
20
0.6
0.54
2.4
67
1.1
0.5
About the BBM Target Discovery
BBM is a significant gold-copper discovery, where drilling has returned consistent grades and widths
over a 1-kilometre strike length within the discovery zone. The zone has resource potential and has now
been drilled on approximately 100m spacing to a depth of 300m. Several deeper holes confirm that the
mineralized system remains open down plunge.
A central, 300m-wide plunging shoot with higher grades and broader widths of mineralization holds the
1km discovery zone together. Within this shoot, average true widths are approximately 30m. BBM
represents a key component of Awalé's broader exploration strategy at the Odienné Project, which
targets a district-scale opportunity across multiple prospects.
BBM is a grassroots discovery by Awalé, with no prior exploration or artisanal mining activity reported at
site before the Company's four-hole scout drilling and discovery program in December 2023 (
see
January 11, 2024 news release
). Three drill campaigns have subsequently been completed at BBM,
totalling 13,189m in 50 holes. Table 3 summarizes the significant intercepts from the current program,
while results from earlier campaigns are detailed in news releases dated
September 9, 2024
and
November 18, 2024
.
Mineralization at BBM is hosted within a subtle bend in a shear zone that extends for over 15km, where
Awalé has drilled four scout drill lines in close proximity to BBM (
see April 2, 2025 news release
). The
entire structure exhibits anomalous gold and copper geochemistry, supporting its potential as a pipeline
for future discoveries. At the deposit scale, mineralization is characterized by gold-copper-molybdenum
occurrences within a high-strain corridor marked by pervasive silica alteration, as well as biotite and k-
feldspar/hematite alteration. Magnetite is also present and is more abundant proximal to mineralization
rather than within the higher-grade zones. Mineralization occurs at the contact between granodiorite and
volcanosedimentary rocks and sediments. The presence of molybdenum and other pathfinders share a
similar fingerprint to the Charge, Empire, and Sceptre discoveries where mineralization is thought to
have significant magmatic inputs. Awalé has postulated an Iron Oxide Copper Gold (IOCG) setting for
the project area. Lamprophyre dykes proximal and within the mineralization suggest a deep crustal
connection for the structures at BBM.
Additional targets within the camp-scale footprint include the advanced Charger and Empire prospects,
as well as Lando and Fremen, with potential for discovery. All have been drilled as part of the current
18,000-metre drill campaign, which is now nearing completion.
A full table of significant intercepts from the current release, with drill collar locations for all drilling in this
phase at BBM are presented in Table 1 and Table 2, respectively.
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 2,489 km
2
across seven permits. This includes 796 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 following an
$11.5 million capital raise in April 2024.
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: BBM Drilling Collar Cable - (all collars from this program)
Hole ID
Easting
Northing
RL_M
AZIM_TRUE
DIP
EOH_M
Results
Received
Comments
OEDD0103
655899
1048090
450
35
-55
197.43
✓
OEDD0104
655737
1048029
451
35
-55
452.3
✓
OEDD0105
656034
1048010
454
35
-55
182.17
✓
OEDD0106
655947
1047877
453
35
-55
434.3
✓
OEDD0107
656024
1047863
455
35
-55
30.5
Failed Hole
OEDD0108
656027
1047867
453
35
-55
338.2
✓
OEDD0109
655999
1047787
455
35
-55
411.13
✓
OEDD0110
656075
1047766
457
35
-55
380
✓
OEDD0111
656179
1047907
457
35
-55
155.1
✓
OEDD0112
656248
1047824
461
35
-55
140.2
✓
OEDD0113
656157
1047726
460
44
-56
320.2
✓
OEDD0115
656118
1047645
460
35
-55
431.29
✓
OEDD0119
655870
1048027
448
35
-55
341.6
✓
OEDD0122
655737
1048132
451
35
-55
245.2
✓
OEDD0123
656299
1047755
462
35
-55
140.15
✓
OEDD0125
656253
1047682
462
35
-55
251
✓
OEDD0128
655693
1048160
453
35
-55
275.74
✓
OEDD0129
656211
1047615
448
35
-55
341.15
✓
OEDD0130
655650
1048106
433
35
-55
107.2
✓
NSV
OEDD0131
655823
1048362
419
215
-55
360.2
✓
OEDD0132
655566
1048098
424
35
-55
422.2
✓
OEDD0133
655546
1048192
442
35
-55
332.1
✓
OEDD0076
655766
1048079
450
35
-55
344.76
✓
90.56m re-entry
Table 3: All Significant Intercepts Reported from this Drill Program
Hole ID
From
(m)
To
(m)
Width
(m)
Au
(g/t)
Cu
(%)
Ag
(g/t)
Mo
(ppm)
AuEq.
(80%)
Comp
Trigger
(Au g/t)
OEDD0103
82
111
29
1.1
0.17
0.6
191
1.1
0.5
including
93
107
14.00
1.7
0.25
0.9
312
1.8
1.0
and
99
101
2
3.6
0.33
1.5
103
3.3
2.0
and
106
107
1
3.7
0.34
1.2
425
3.5
2.0
OEDD0104
312
319
7
1.6
0.13
0.7
261
1.5
0.5
including
317
319
2
4.0
0.20
1.0
614
3.7
2.0
OEDD0104
323
357
34
1.9
0.64
2.9
416
2.4
0.5
including
326
338
12
2.8
0.84
3.8
704
3.5
2.0
and
351
354
3
3.2
0.58
5.3
196
3.3
2.0
OEDD0105
33
36
3
0.6
0.37
2.4
591
1.2
0.2
including
33
34.5
1.5
1.1
0.68
4.5
1176
2.3
0.5
OEDD0105
62
76
14
0.4
0.09
0.4
32
0.4
0.2
including
72
75
3
0.9
0.13
0.6
28
0.9
0.5
OEDD0105
80
89
9
0.4
0.06
0.2
709
0.8
0.2
Including
83
84
1
1.1
0.02
0.1
0
0.9
0.5
OEDD0105
93
123
30
1.4
0.68
2.4
471
2.1
0.2
Including
93
122
29
1.4
0.70
2.5
486
2.2
0.5
and
93
109
16
1.9
0.63
2.1
560
2.6
1.0
and
93
103
10
2.4
0.54
1.8
511
2.8
2.0
OEDD0106
332
360
28
0.7
0.28
1.0
185
1.0
0.5
including
338
345
7
1.1
0.51
1.6
97
1.5
1.0
OEDD0108
211
220
9
0.3
0.17
0.7
124
0.5
0.2
OEDD0108
255
286
31
1.1
0.22
0.9
136
1.2
0.2
including
256
284
28
1.2
0.23
1.0
147
1.3
0.5
and
264
284
20
1.5
0.25
1.0
158
1.5
1.0
and
279
284
5
2.2
0.03
0.3
7
1.8
2.0
OEDD0109
336
378
42
0.7
0.24
1.0
124
0.9
0.2
including
359
373
14
1.4
0.39
1.4
217
1.7
1.0
OEDD0110
272
305
33
0.9
0.25
1.0
129
1.1
0.5
including
289
304
15
1.2
0.29
1.4
169
1.4
1.0
OEDD0111
53
113
60
1.4
0.14
0.6
270
1.4
0.2
including
57
64
7
2.0
0.24
1.3
354
2.1
1.0
including
57
59
2
4.0
0.43
1.9
782
4.1
2.0
and
76
83
7
1.8
0.17
0.5
454
1.9
1.0
and
98
107
9
4.7
0.29
1.3
227
4.2
1.0
including
101
106
5
7.5
0.33
1.7
275
6.5
2.0
OEDD0112
52
64
12
0.3
0.18
0.8
51
0.5
0.2
OEDD0112
72
87
15
1.5
0.18
0.9
87
1.4
0.2
including
80
87
7
2.9
0.31
1.6
148
2.7
0.5
including
81
85
4
3.9
0.41
2.0
212
3.7
2.0
OEDD0112
52
64
12
0.3
0.18
0.8
51
0.5
0.2
and
72
87
15
1.5
0.18
0.9
87
1.5
0.2
including
81
85
4
3.9
0.41
2.0
212
3.7
2.0
OEDD0113
230
259
29
0.3
0.18
0.7
142
0.5
0.2
OEDD0115
352
354
2
0.6
0.41
1.9
45
1.0
0.5
and
376
404
28
0.4
0.15
0.6
162
0.5
0.2
including
389
398
9
0.8
0.26
1.1
399
1.0
0.5
OEDD0119
182
183
1
0.6
0.17
0.6
51
0.7
0.5
and
197
249
52
1.8
0.50
2.0
322
2.0
0.2
including
197
201
4
2.4
0.33
1.2
301
2.3
0.5
including
208
249
41
2.0
0.59
2.4
371
2.2
0.5
including
197
199
2
4.0
0.51
1.9
595
3.8
2.0
including
208
223
15
3.6
0.52
1.8
479
3.4
2.0
including
215
215
2
9.3
0.87
3.3
1206
8.4
5.0
OEDD0122
59
91
32
0.5
0.73
1.1
265
1.2
2.0
and
182
202
20
0.4
0.18
0.5
196
0.5
0.2
including
195
200
5
0.7
0.28
0.8
438
0.9
0.5
OEDD0123
59
76
17
0.4
0.25
0.8
89
0.6
0.2
including
67
74
7
0.7
0.40
1.3
91
1.0
0.5
OEDD0125
172
191
19
0.5
0.20
0.5
110
0.7
0.2
including
172
173
1
3.0
0.22
0.5
56
2.6
0.5
OEDD0128
18
28.5
10.5
0.3
0.21
0.7
14
0.4
0.2
OEDD0128
34
53
19
0.5
0.26
0.7
62
0.7
0.2
OEDD0128
84
100
16
0.7
0.59
1.2
150
1.2
0.2
OEDD0128
187
222
35
0.5
0.56
1.9
284
1.1
0.2
OEDD0129
275
301
26
0.5
0.15
0.5
124
0.6
0.2
including
281
286
5
1.1
0.18
0.5
60
1.1
0.5
and
290
294
4
1.1
0.26
0.9
169
1.2
0.5
OEDD0131
220
265
45
1.4
0.41
1.5
163
1.6
0.5
including
241
245
4
2.6
0.55
1.6
449
2.7
2.0
OEDD0132
350
356
6
0.6
0.27
1.1
22
0.8
0.2
including
389
390
1
14.4
0.58
2.0
351
12.2
5.0
OEDD0133
159
196
37
0.5
0.33
1.5
45
0.8
0.2
OEDD0133
176
196
20
0.6
0.54
2.4
67
1.1
0.5
Quality Control and Assurance
All diamond core sampling through mineralized zones is conducted using NQ core. The core is cut in half
lengthwise, with the left-hand side as oriented downhole collected at 1-metre intervals for assay. The
remaining half is retained for future reference. Sampling also respects major geological contacts where
necessary. Analytical work for geochemistry 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 Intertek 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 Intertek 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 BBM target, initial mineralized zones are calculated at a 0.2 g/t trigger and include up
to 3 metres of internal waste for delineating mineralized zones. Included intervals are calculated at 0.5
g/t, 1 g/t, and 2 g/t trigger values, with up to 3 metres of internal waste. Table 1 contains a list of all BBM
holes reported in this release. True widths are estimated to be 70% of the downhole widths.
Au Equivalent Calculations
Au Equivalent is calculated using the following parameters in USD: Au - 1910/Oz (Troy), Cu 3.80/lb, Mo
40,000/Tonne, and Ag 23.40/Oz (Troy). The Formula AuEq = Au (g/t) + ((Cu (ppm) * 0.00014) + (Mo
(ppm) * 0.00065) + (Ag (g/t)*0.01225)). An 80% metallurgical recovery is assumed for all metals, as the
specific recovery rates for individual metals are unclear, and assuming different recoveries would be
premature at this stage.
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
AuEq.
Gold Equivalent
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 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.
1
True widths are estimated at 70% of the downhole width of mineralization intercepted in drilling.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/247757