Awalé Resources Defines Extensive Gold in Soil Anomalies at the Odienné Project, Côte d’Ivoire.
Awalé Resources Defines Extensive Gold in Soil Anomalies at the Odienné Project, Côte
d’Ivoire.
Vancouver, BC, June 28, 2018 – Awalé Resources Limited (“ Awalé” or the “Company”) (TSXV: ARIC) is
pleased to announce extensive gold in soil anomalies from three target areas at the Odienné permit in
north west Côte d’Ivoire (Figure 1). The targets were identified from an initial stream sediment sampling
and reconnaissance mapping progr ams. The stream sampling highlights the potential for an extensive
north-south trending corridor of mineralization through the entire 30 -kilometre length of the property.
Follow up soil programs have now been completed over 3 prospects with some 1800 sampl es collected
and analysed at ALS laboratories.
Highlights from the program include:
Vakaba Prospect- (Figure 2 & 3) Five, sub parallel, gold in soil anomalies more than 700 metres long
with greater than 50ppb gold in soil anomalies, each including cores of greater than 300ppb. Peak
soil values of 2.15 grams per tonne (g/t) gold (Au). and 9.1g/t Au Vakaba has also returned
numerous rock chip samples greater than 1 g/t Au with a peak value of 24.8g/t Au.
Empire Prospect- (Figure2 & 4) One 2 kilometre long greater than 50ppb gold in soil anomaly,
including a 500m long greater than 200ppb core, open to the east and west. The Empire prospect
has also returned one 32g/t Au rock chip sample during reconnaissance mapping.
Denguèlé prospect- (Figure2 &5) 4 x 1km long parallel > 20ppb anomalies, two of these having
>50ppb cores. Rock chip sampling at this prospect has returned results up to 1.86g/t Au.
These three priority targets known as Den guèlé, Vakaba and Empire were chosen from either high tenor
stream anomalism, artisanal activity and recognition of prospects from reconnaissance mapping and rock
chip sampling. These results are very encouraging and now lead into the next stage of explor ation in Q4
being detailed geological mapping and infill geochemistry for drill targeting. Other targets within the
property have also been identified and warrant further systematic sampling and mapping.
View Attached Figures:
http://www.awaleresources.com/_resources/maps/Odienne_Geochem_2018_06_28_Final_Figures.pdf
CEO Glen Parsons commented today:
“These encouraging results from Odienné complement Awalé’s strategy of operating multiple prospective
project areas with the potential for multiple gold discoveries. These highly anomalous prospects at Odienné
will potentially lead into ultimate scout drilling targets adding to our growing pipeline.
The Company operates in Côte D’Ivoire on three distinct project areas being Bondoukou, the newly granted
Abengourou permits on the eastern side of the country and Odienné in the northwest. Whilst Bondoukou
2
remains our flagship project in the north east, where drilling has recently been completed, Awalé remains
actively committed to its pipeline of gold projects.
All projects areas are highly prospective and display considerable artisanal gold activity. Awalé’s approach
to exploration remains committed to systematic exploration enhancing the geological model with the aim
of leading to scout drilling and ultimate discovery as is currently the approach at Bondoukou.
We look forward to updating the market soon on the Bondoukou drill results.”
Background on Odienné
The Odienné project lies in the northwest of Côte d’Ivoire within the Denguèlé Region, close to the borders
of Mali and Guinea. The project consists of the 397km2 granted permit ‘Odienné East’, and one in
application; Odienné. These permits are held under a separate joint venture with ANGET -CI - a local
company which has a 10% stake in the permits.
Geologically, the project area lies on a splay of the regional scale Sassandra fault which forms the partition
between the Archean Kenema Man domain and the Proterozoic Baoule-Mossi Domain (figure 6). Rocks in
the project area consist of a felsic/acid volcanic to mafic greenstone belt intruded by a series of later plutons
of varying size and orientation. The intrusions range from intermediate to mafic in composition.
Vakaba
Vakaba is a n area of significant artisanal mining activity, which consists of both primary and alluvial
workings. The primary workings are focused on several high-grade quartz veins close to a mapped contact
between granodiorite/granite intrusive and rhyolite volcanic rocks. Workings continue to depths of at least
30 to 50 metres and are steeply dipping and plunging and generally follow the intrusive contact.
Of the five greater than 700m long soil anomalies identified (figure 2), the primary greater than 50ppb
anomaly follows the same intrusive/volcanic contact for 1.8 kilometres with a high tenor core of more than
300ppb. Peak values within this anomaly include 1.5g/t Au, 1.4g/t Au and 1g/t Au on separate 200x50 metre
spaced lines.
The four other sub -parallel soil anomalies to the east occurring with in an intermediate volcanic rock
sequence. These anomalies also exhibit a coherent >140 ppb core with peak values at 2.1g/t Au and 9.1g/t
Au.
Further to the significant gold in soil anomalism selected rock chip samples from the mining area included
grades up to 24.8g/t Au from ore piles and 5.36g/t Au from a chip traverse in a pre -existing exploration
costean opened by the artisanal workers (Photo 1). A full list of rock chip samples greater than 1 gram per
tonne from Vakaba is given in table 1. These selected samples are not necessarily representative of the
mineralization hosted on the prospect.
Table 1: Rock Chips >1 g/t Au – Vakaba Prospect
LOCATION UTM_EAST UTM_NORTH ELEVATION g/t Au
Vakaba 648105 1040047 529 1.08
Vakaba 647659 1037505 521 2.45
Vakaba 647624 1037573 519 2.57
Vakaba 648091 1041141 520 3.29
3
LOCATION UTM_EAST UTM_NORTH ELEVATION g/t Au
Vakaba 648967 1039699 495 3.91
Vakaba 648089 1041140 523 4.97
Vakaba 648012 1041196 517 5.36
Vakaba 648190 1040989 528 6.94
Vakaba 648506 1040665 521 7.92
Vakaba 648403 1041253 491 8.77
Vakaba 648183 1040973 527 9.73
Vakaba 648987 1039711 493 24.8
Empire Prospect
The Empire prospect was initially targeted by SODEMI in the 1990’s. Awalé’s initial reconnaissance of the
area revealed an old trench and patchy outcrop with mafic, felsic and intermediate volcanic rocks close to
a large outcrop of tonalite trondhjemite gr anite (TTG) intrusive not far to the south. The felsic and
intermediate rocks were commonly sheared and affected by chlorite and sericite alteration with both
disseminated and stringers of sulphide, consisting mainly of pyrite +/-pyrrhotite. A rock chip sa mple of a
quartz vein from the trench returned 36.7g/t Au. Stream anomalism in the area was very low order and
close to background, but large catchments were sampled in this area (c.20 square kilometres). A small 246
sample soil grid was planned over this area to test extensions of the mineralisation observed in the trench.
The soil program proved successful returning a 2km long greater than 50ppb open ended anomaly with a
200m long greater than 200ppb core (Figure 3). The anomaly strikes roughly east west, parallel to the
interpreted contact with the TTG intrusion to the sou th. This field interpretation agrees well with the
regional aeromagnetic data for in the area (see figure 1).
Denguèlé Prospect
Early reconnaissance work recognised a new 700m long artisanal mining zone in this area and stream
sediment samples are moderate to highly anomalous in the area. The artisanal workers were exploiting a
quartz vein (unknown width) in saprolite clays. Depth of saprolite appears to increase rapidly in the mining
area and is interpreted to reflect a structure that hosts mineralisatio n. Rocks observed in the area were
affected by sericite/chlorite +/ - potassic alteration. A moderate soil program was planned for the area
consisting of 405 samples on a 200 and 400m line spacing.
Results returned 4 parallel greater than 20ppb anomalous corridors (Figure 4) that reflect the observed
northeast trends from the aerial magnetics. Mineralisation appears to be hosted in a sequence of felsic to
intermediate volcanic close to a granite contact to the north of the workings. Other workings were
uncovered during the soils program. Selected rock chip sampling around the artisanal mining also returned
significant values. These selected samples are not necessarily representative of the mineralization hosted
on the prospect.
Table 2: Selected Rock Chips >1g/t Denguèlé Prospect
LOCATION UTMEAST UTMNORTH ELEVATION g/t Au
Denguele 645352 1048210 452 1.42
Denguele 645362 1048204 459 1.55
Denguele 645344 1048211 458 1.86
4
Quality Control and Assurance
Analytical work for geochemical samples and rock chip samples is being carried out at the independent
ALS Laboratories Canada Ltd. an ISO 17025 (2005) Certified Laboratory. Samples are stored at the
company’s field camps and put into sealed bags until delivered by the company to the ALS preparation
laboratory in Yamoussoukro, Côte d’Ivoire, where samples are prepared for shipping to Canada. 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 g is taken and pulverized to better than 85%, passing a 75 -micron screen,
and a 50 -gram split is analyzed by fire assay or Aqua Regia with an AA finish. Blanks, duplicates and
certified reference material (standards) are being used to monitor laborat ory 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 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 a 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
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 deve lopments 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.
Cautionary Statement
NEITHER 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