Awalé Resources Bondoukou Project Delivers Further High Grade Trench Results
Awalé Resources Bondoukou Project Delivers Further High Grade Trench Results
Vancouver, BC June 4, 2019 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC)
is pleased to announce further results from a planned 10 trench program for the Fako prospect
at the Bondoukou Project, Côte d’Ivoire (figures 1 and 2).
Trench BETR0005 (Figure 4) has returned the following intercepts above 0.5 g/t (including 2m of
internal waste)
21m at 1.96 grams/tonne gold (g/t Au) from 36m with included 1m intervals at
11.5 g/t, 5.5 g/t and 5.4 g/t respectively.
Other intervals from the same trench include
2m at 1.95 g/t Au from 2m (2m composite sample).
1.2m at 1.02 g/t Au from 6.8m.
3.6m at 0.6 g/t from 18m
1m at 6.1 g/t Au from 62m.
3m at 0.75 g/t from 72m.
Results from the previous release (March 4, 2019) include:
BETR0003: returned 8m at 1.6 g/t Au and 17m at 2.6 g/t Au including 1m intervals at
10.5 g/t Au, 11.5 g/t Au and 4.8 g/t Au respectively.
BETR0001: Similarly returned 5m at 0.7 g/t Au and 4m at 0.8g/t Au
BETR0005 is a 40 metre step east of previously reported trench BETR00003 (figure 3 and 4). Foliation in
host rocks around mineralization intercepted in both trenches is close to perpendicular to the trench, and
close to true width with a dip of 60 to 70 degrees to the south, the gold bearing quartz veins are both
oblique and foliation parallel (figure 3).
Previously reported BETR0001 (Figure 5) is located approximately 1.2 km from Trenches BETR0002 ,
BETR0003 and BETR0005 (locality B). Results are pending for Trenches BETR0006 and BETR0007 which are
are step outs from trench BETR0001 and exhibit a similar geology and alteration system to the trenches
reported in this release.
These prospects were defined from the Company’s maiden scout RC drill program (see releases February
2, 2018 and March 1, 2018), as well as results from our DD drill program (see results August 1,2018)
CEO Glen Parsons commented today:
“Encouraging replicated gold mineralisation results from Trench 5 and 3, from our 10 trench program at
Fako, confirms our systematic exploration approach is beginning to pay off. We are now understanding
the alteration and mineralising system at the Fako pro spects and are seeing the same systems along the
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Awari shear, giving us greater confidence as we move forward with our objective of defining multiple new
drill targets on all our projects.
Our over-arching objective is to be drill ready on multiple prioritised targets after the monsoon season, in
the last quarter of 2019.
Awale continues to maintain its focus on developing more of these new targets on all its prospects where
similar exploration programs are currently being undertaken at both the Odienné and Abengourou
Projects.
We believe this focussed, geology driven and systematic exploration approach will lead toward economic
gold discoveries at Bondoukou and our other projects and I look forward to updating the market
accordingly.”
View attached figures: http://www.awaleresources.com/_resources/maps/Fako-Trenches-June.pdf
Background
Two localities within the Fako prospect were selected for trenching where previous RC drilling delivered
broad intercepts which included 1 8m at 1g/t Au in hole BERC0019 (Locality ‘A’) and 20m at 0.9 g/t in
BERC0008 (Locality ‘B’). The trenches were planned to intercept similar or new mineralisation as well as
understand controls on mineralisation intercepted in the RC drilling (release Feb. 2nd, 2018). Some follow-
up di amond drilling in these areas did not complete the understanding of the structural framework
associated with mineralisation (see release 1 st August 2018), the trenching and associated mapping is
expected to complete this understanding.
The rocks contained within the Awari Shear are lower Birimian and consist of greenschist facies altered
ultramafic, mafic to andesitic volcanic and volcaniclastic rocks. Rocks in the footwall of the shear consist
of an amphibolite to granulite facies metamorphic complex which is interpreted to predate the deposition
of the volcanic and volcaniclastic rocks contained within the Awari Shear. There is an abrupt change in the
metamorphic grade between these two major geologic units.
Initial interpretation from the trenches suggests the north dipping metamorphic complex forms a
competent footwall block and the mafic hanging wall rocks to form a brittle ductile environment. The
hanging wall rocks appear to form a sequence of SW verging folds which look to have shallow plunging
shoots within antiformal hinges. This relationship seems clear in both trenched areas (approximately 1km
apart) and similar alteration systems are evident a further 6 kilometres to the southeast from geological
mapping following geochemical anomalism along this contact.
Alteration systems associated with mineralisation are defined by a marked increase in silica alteration
(quartz vein intensity), sulphide (>1%) and fuchsite and carbonate alteration (often manifest as iron
carbonates), there is a correlation between higher gold grade and more intense deformation and
brecciation in the quartz veins. Felsic to intermediate dykes and intrus ive rocks are commonly
encountered in the hanging wall of mineralisation. These intrusive rocks are interpreted to be late
Eburnean and perhaps are drivers of the mineralisation encountered at Fako. Further to this, similar
intrusive rocks have been found throughout the project area and are thought to play a major role in late
Eburnean gold mineralisation that occurs throughout the Bondoukou project area.
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Step out trenches are underway testing strike extension of the high -grade mineralisation at a similar RL
and further test and the shallow plunging shoot model. The trenching is designed to culminate in a new
RC DD program which follows high grade mineralisation intercepted in BETR0003 and BERC0005.
Exploration also continues o n other prospects within the Bondoukou project as well as the Odienné
project. Work planned for the second quarter includes continued trenching at Fako as well as mapping
and soil sampling on the Bondoukou North Permit, Auger drilling is also planned to fo llow up results
reported on the 14 th November 2018. At Odienné the company continues with mapping, trenching and
channel sampling at the Empire and Vakaba prospects.
Table 1: All Results above 0.5 grams per tonne gold
Trench ID East North RL Dip Azimuth From To Width Gold g/t Comment
BETR005 545880 928559 257 0 180 2 4 2 1.95 2m Composite Sample
BETR005
6.8 8 1.2 1.02
BETR005 18 20 2 0.56 2m Composite Sample
BETR005 20 21.2 1.2 0.77
BETR005 21.2 21.66 0.46 0.87
BETR005 36 37 1 11.46
BETR005 37 38 1 0.08
BETR005 38 39 1 0.28
BETR005 39 40 1 0.5
BETR005 40 41 1 0.97
BETR005 41 42 1 0.59
BETR005 42 43 1 0.39
BETR005 43 44 1 5.55
BETR005 44 45 1 0.31
BETR005 45 46 1 5.44
BETR005 46 47 1 0.16
BETR005 47 48 1 0.89
BETR005 48 49 1 2.42
BETR005 49 50 1 4.79
BETR005 50 51 1 0.83
BETR005 51 52 1 0.92
BETR005 52 53 1 0.51
BETR005 53 54 1 2
BETR005 54 55 1 1.22
BETR005 55 56 1 1.25
BETR005 56 57 1 0.7
BETR005 61 62 1 6.12
BETR005 72 73 1 0.97
BETR005 74 75 1 1.13
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Quality Control and Assurance
All Trenches were continuously channel sampled in Saprolitic rock at the base or on their lower wall, a
c.15kg sample was taken for each meter and riffle split. The 2m composite samples were sampled and
split in a similar manner but with 15kg sampled for the 2 metre interval.
The Analytical work for geochemical samples and rock chip samples is being carried out at the
independent Intertek Laboratories Ghana Ltd. an ISO 17025 ( 2017) Certified Laboratory. Samples are
stored at the Company’s field camps and put into sealed bags until collected by Intertek from the
Company’s secure Bondoukou office and transported by Intertek to their laboratory in Tarkwa, Ghana for
preparation and analysis. Samples are logged in the tracking system, weighed, dried and finely crushed to
better than 70%, passing a 2 -mm screen. A split of up to 1,000 -grams is taken and pulverized to better
than 85%, passing a 75 -micron screen, and a 50 -gram split is analysed by fire assay with an AA S finish.
Blanks, duplicates and certified reference material (standard s) are being used to monitor laboratory
performance during the analysis.
ON BEHALF OF THE BOARD
AWALE RESOURCES LIMITED.
“Glen Parsons”
Glen Parsons, President and CEO
For additional information you are invited to visit the Awalé Resources Limited website at
www.awaleresources.com, or contact Karen Davies, Head of Investor Relations at Tel: 604.314.6270
Qualified Person
The technical information in this news release has been prepared in accordance with Canadian regulatory
requirements set out in NI 43-101, and approved by Eric Roth, the Company's Director, a Qualified Person
under NI 43-101. Mr. Roth holds a Ph.D. in Eco nomic Geology from the University of Western Australia,
is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society
of Economic Geologists (SEG). Mr. Roth has over 25 years of experience in international minerals
exploration and mining project evaluation.
END
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Readers
are cautioned not to place undue reliance on forward -looking information. Actual results and developments may
differ materially from those contemplated by such information. The statements in this news release are made as of
the date hereof. The Company undertakes no obligation to update forward- looking information except as required
by applicable law.
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