Awalé Hits 36.2 g/t Gold over 6 Metres at Charger, Confirming High-Grade Gold Continuity to 400 Metres Below Surface
Awalé Hits 36.2 g/t Gold over 6 Metres at
Charger, Confirming High-Grade Gold
Continuity to 400 Metres Below Surface
Highlights:
Significant intercepts at Charger 1 include:
36.2 g/t gold over 6m from 475m, including 41.5 g/t gold over 5m (CHDD-17)
10.3 g/t gold over 8m from 426m (CHDD-14)
9.2 g/t gold over 5m from 413m (OEDD-10)
Holes CHDD-14 and CHDD-17 extend high-grade gold mineralization down to 360m and 400m
below surface at Charger 1, respectively.
These holes, together with holes to be reported shortly, will be included in the Mineral Resource
Estimate targeted for Q2 2026.
Follow-up drilling is planned to test Charger 1 to at least 600 metres vertical depth, with additional
step-outs at Charger 1 and Charger 2.
Toronto, Ontario--(Newsfile Corp. - March 31, 2026) -
Awalé Resources Limited (TSXV: ARIC)
(OTCQX: AWLRF) (FSE: 2F60)
("
Awalé
" or the "
Company
") is pleased to announce new step-down
drilling results from the Charger target at its Odienné Project ("
Odienné
" or the "
Project
") in Côte
d'Ivoire. The results build on those reported on
January 29, 2026
, and continue to confirm strong down-
plunge continuity of the high-grade Charger 1 gold target and support the potential for future underground
resource growth (see Figures 2 and 3).
"These deeper Charger 1 step-down results continue to demonstrate gold grade continuity in the breccia
system to 400m below surface and reinforce our view that Charger is emerging as a robust underground
target," stated Andrew Chubb, President and CEO of Awalé Resources.
"We are building confidence in the continuity of the Charger 1 system and its potential for further growth
along strike and at depth as we advance toward an initial Mineral Resource Estimate targeted for Q2
2026. A further 8 holes remain to be reported for Charger 1, completing the drilling supporting our first
MRE. With drilling now ramping up again, we are well positioned to continue growing Charger through
the next quarter. In addition to ongoing work at Charger, we expect to report further assay results from
BBM, Empire, and our 100%-owned targets in the near term."
Link to All Figures
Link to Core Photos
Watch CEO Andrew Chubb's Interview with Resource Talks
Charger Step-Down Drilling
Twelve holes from an expanded program at Charger (1 & 2) are still to be reported. The results from the
5 holes reported in this release partially complete a 17-hole resource drilling program supporting an
initial Mineral Resource Estimate scheduled for Q2 2026, which will include the Charger, BBM, and
Empire targets. The program tested the down-plunge continuity of the high-grade Charger 1 system to a
depth of 400 metres below surface.
The holes reported in this release are located approximately 250 metres down-plunge from the original
Charger discovery hole, OEDD-83, which returned 57 metres at 26 g/t gold (
see March 25, 2024 news
release
). Holes CHDD-14 and CHDD-17 were drilled a further 40 and 80 metres down-plunge from
CHDD-03, which returned 52.8 g/t gold over 9 metres (
see January 29, 2026 news release
). These
results show continuity of high-grade gold mineralization down to a depth of 400m at Charger 1, which
will be included in the initial mineral resource estimate. Drilling demonstrates continuity within a steeply
southwest-plunging high-grade gold breccia and vein system and supports the emerging underground
potential at Charger 1.
Follow-up drilling is planned to test the system to at least 600 metres vertical depth, while also stepping
out to the northeast and southwest to evaluate potential strike extensions and additional mineralized
zones.
Exploration Update on Awalé's 100%-Owned Fremen Target
Concurrent exploration programs continue to advance across Awalé's 100%-owned permits. At the
Fremen target, the Company has completed a 116-hole air-core drill program for 3,639 metres and a
six-hole diamond drill program totalling 1,222 metres.
This drilling followed up on a prior 22-hole RC program for 2,430 metres that targeted a greater than 4-
kilometre-long gold-in-termite-mound anomaly, which returned peak values of 299 ppb gold. Assay
results from the latest Fremen drilling are expected in late April and are intended to help guide follow-up
percussion and diamond drilling across the broader Odienné land package.
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 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)
CHDD0007
364
365
1.0
0.7
1.0
348.4
2
0.5
371
375
4.0
1.7
0.4
84.5
3
0.5
including
371
372
1.0
4.9
0.6
104.4
2
2.0
417
418
1.0
0.8
0.3
66.7
5
0.5
CHDD0010
342
343
1.0
1.4
1.0
94.6
117
0.5
398
409
11.0
0.9
3.9
60.2
2
0.5
including
400
401
1.0
3.5
0.9
36.7
2
2.0
413
418
5.0
9.2
6.4
61.2
3
0.5
including
417
418
1.0
39.6
26.7
55.4
7
5.0
433
434
1.0
0.7
0.7
86.1
5
0.5
453
455
2.0
1.0
0.6
115.9
2
0.5
470
472
2.0
1.5
1.1
1095.3
76
0.5
CHDD0014
380
381
1.0
2.0
ICP Results Pending
0.5
426
435
9.0
9.3
23.9
74.7
3
0.5
426
434
8.0
10.3
26.1
77.8
3
1.0
including
427
428
1.0
25.5
65.9
136.4
2
5.0
and
433
434
1.0
43.2
113.6
60.2
4
10.0
496
497
1.0
0.8
0.1
67.9
45
0.5
517
518
1.0
1.9
0.2
73.4
1
0.5
CHDD0015
347
348
1.0
1.1
0.2
94.0
1
0.5
365
366
1.0
1.7
0.2
101.5
262
0.5
375
376
1.0
8.5
2.3
52.7
3
0.5
433
434
1.0
1.5
6.9
93.4
2
0.5
475
476
1.0
0.5
0.3
89.1
2
0.5
485
486
1.0
1.8
0.2
81.3
2
0.5
501
502
1.0
2.5
3.1
1003.0
36
0.5
515
516
1.0
1.0
2.5
120.3
24
0.5
CHDD0017
286
287
1.0
1.6
0.1
66.0
3
0.5
370
371
1.0
1.1
1.4
797.7
2
0.5
475
481
6.0
36.2
41.0
357.5
6
0.5
including
475
480
5.0
41.5
44.9
408.6
7
10.0
499
500
1.0
0.7
16.7
101.2
3
0.5
535
536
1.0
1.4
4.4
191.3
2
0.5
554
555
1.0
2.6
4.0
75.5
62
0.5
566
570
4.0
1.7
9.8
90.8
2
0.5
Table 2: Charger Drill Collar Details - (all collars from this release)
Hole ID
Easting
Northing
RL_M
Azimuth_True
Dip
EOH_M
CHDD0007
647875.9
1032104.7
465.2
305.6
-59.2
524.5
CHDD0010
647863.3
1032090.1
465.5
305.8
-59.2
515.4
CHDD0014
647856.4
1032068.8
465.2
306.0
-59.2
531.1
CHDD0015
647838.4
1032058.0
465.6
305.8
-59.0
524.4
CHDD0017
647860.9
1032045.3
464.4
304.8
-59.6
578.9
Quality Control and Assurance
Analytical work for drill samples is being carried out at the independent Intertek Laboratories in Ghana
and Australia, an ISO 17025 Certified Laboratory. Samples are prepared and stored at the Company's
field camps and put into sealed bags until collected by Intertek 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
Intertek Ghana for fire assay and a second to Australia 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, samples over 5 g/t gold are routinely screen fire assayed, samples lower
than 5 g/t gold 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 2 g/t Au, 5 g/t Au, and 10 g/t Au trigger values, with up to 3 metres of internal waste. Table 2
contains a list of all Charger holes reported in this release. True widths are estimated to be 70% of the
downhole widths. Holes not reported do not make the 0.5 g/t Au grade trigger.
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/290575