Awalé Resources Bondoukou Project Delivers Initial High Grade Trench Results
Awalé Resources Bondoukou Project Delivers Initial High Grade Trench Results
Vancouver, BC, 4th March, 2019 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV:
ARIC) is pleased to announce initial results from the fi rst 3 trenches of a currently planned 10
trench program for the Fako prospect at the Bondoukou Project, Côte d’Ivoire (Figure 1 and 2).
Highlights of the program completed to date 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. This mineralization appears to be
associated with quartz vein-bearing shear zones.
Selective sampling of a quartz vein within the last meter of the trench (79 to 80m) has
delivered 14.7 g/t.
BETR0001: Similarly returned 5m at 0.7 g/t Au and 4m at 0.8g/t Au
BETR0001 is located approximately 1.2 km from Trenches BETR0002 and 0003 . Geological strike of the
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 (figures 3 and 4).
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:
“Our systematic exploration approach continues to increase our understanding of the Bondoukou System,
and these encouraging trench results have delivered on our current objective of immediate new drill
targets for follow up.
Awale maintains 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.
This focussed and geology driven 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__Trench__Results_1.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 and 20m at 0.9 g/t in BERC0008. The
trenches were planned to intercept similar or new mineralisation as well as understand controls on
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mineralisation intercepted in the RC drilling (release Feb. 2nd, 2018). Some follow-up diamond drilling in
these areas did not complete the understandi ng of the structural framework associated with
mineralisation (see release 1 st August 2018) , the trenching and associated mapping is expecte d to
complete this understanding.
The rocks contained within the Awari S hear 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 is clear in both trenched areas (approximately 1km
apart) and is evident a further 6 kilometres to the southeast from geological m apping following
geochemical anomalism along this contact. The results from trench BETR0001 al so suggest there is also
mineralisation associated with fuchsite/sericite alteration and shearing close to the contact between the
metamorphic complex and the hanging wall mafic rocks.
Planning has now been completed for step out trenches testing strike extension of the high -grade
mineralisation at a similar elevation and also further test 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.
Exploration also continues on other prospects within the Bondoukou project as well as the Odienné
project. Work planned for the second quarter includes continued trenchi ng at Fako as well as mapping
and soil sampling on the Bondoukou North Permit, Auger drilling is also planned to follow 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
BETR001 546572 927943 261 0 40 54 55 1 0.72
BETR001 58 59 1 1.24
BETR001 66 67 1 0.79
BETR001 67 68 1 0.68
BETR001 78 79 1 0.5
BETR001 79 80 1 0.58
BETR001 80 81 1 0.79
BETR001 81 82 1 0.68
BETR001 82 83 1 0.76
BETR001 8 5 86 1 0.77
BETR001 86 87 1 1
BETR001 87 88 1 0.72
BETR001 88 89 1 0.62
BETR001 132 13
2 0.86 2m Composite Sample
BETR002 545805 928508 276 0 170 39 40 1 0.81
BETR002 40 41 1 0.5
3
BETR002 50 51 1 0.78
BETR003 545835 928587 269 0 170 0 2 2 0.53 2m Composite Sample
BETR003 4 6 2 1.66 2m Composite Sample
BETR003 6 8 2 1.26 2m Composite Sample
BETR003 8 10 2 0.7 2m Composite Sample
BETR003 10 12 2 2.98 2m Composite Sample
BETR003 58 60 2 0.91 2m Composite Sample
BETR003 62 63 1 0.66
BETR003 63 64 1 10.47
BETR003 64 65 1 1.3
BETR003 65 66 1 11.52
BETR003 66 67 1 0.68
BETR003 67 68 1 0.82
BETR003 68 69 1 0.68
BETR003 69 70 1 0.73
BETR003 70 71 1 2.3
BETR003 71 72 1 2.31
BETR003 72 73 1 1.65
BETR003 73 74 1 4.85
BETR003 74 75 1 1.96
BETR003 75 76 1 1.07
BETR003 76 77 1 1.46
BETR003 77 78 1 1.09
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 bein g carrie d 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-gram 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 AAS finish. Blanks,
duplicates and certified reference material (standards) 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
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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 Operating 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 Geologists
(SEG). Mr Chubb has 17 years of experience in international minerals exploration and mining project
evaluation.
End
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