Awalé Resources Drilling Intersects Offset Extensions to the Empire Main deposit, Odienné Project, Côte d’Ivoire.
Awalé Resources Drilling Intersects Offset Extensions to the Empire Main deposit,
Odienné Project, Côte d’Ivoire.
Vancouver, BC, June 23, 2021 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC) is
pleased to report that ongoing drilling has resulted in the discovery of new mineralized offset extensions
to the Empire Main gold deposit, Odienné Project. The diorite mineralisation now has potential for an
open strike length of 900m. Results have now been received for 13 Reverse Circulation (“RC”) holes for
1,224m that were drilled over the Empire Gap and Empire Western extension targets (Figures 1 and 2) .
Highlights of this program are as follows:
• At Empire Gap, which is located approximately 150m S of Emp ire Main, significant widths of
interpreted en-echelon offsets of the Empire Main-style gold mineralization have been
intersected (Figure 3).
o Drillhole OERC-102 was collared 150 metres SSE of Empire Main and has intersected 55m
interval of the Empire Main host diorite with the same brittle ductile deformation and
associated alteration (see cross section in Figure 4). OERC-102 is the first hole in this newly
discovered zone and intercepts are comparable to holes at Empire Main that are marginal
to high grade plunge (OEDD-28 or OEDD-3 on the west side of plunging mineralisation at
Empire Main or OEDD -27 to the east). The intercept in OERC -102 is a 4 -fold increase in
diorite width intercepted in up dip hole OERC -16 (7 metres at 0.3 grams per tonne g old
(“g/t Au”)).
OERC-102 drilled 7m at 0.4g/t Au from 80 metres (“m”) downhole including 1m
at 1.3 g/t Au from 80m downhole, and 1m at 2.8 g/t Au from 108m.
o New, deeper step out drilling east of OERC-102 will be targeted at a similar elevation and
has been designed to extend the strike of gold mineralization by 200 metres (Long Section
in Figure 5).
Holes drilled 100m and 200m east of OERC -102 have also intercepted gold
mineralization (drillholes OE RC-103/OERC-104 and OERC 110 to 112).
Mineralisation intercepted in these holes is coincident with metre scale diorite
occurrences within a mylonite and volcanic sequence. These holes are
interpreted to have been drilled over or above the larger diorite body.
• Further mineralized intrusions with intermediate composition have also been intercepted to the
NW (Empire West target) with hole OERC-106 returning:
OERC-106: 3m at 1.8 g/t Au from 21m
Drilling has just recommenced at Odienné with these targets to be tested at equivalent vertical depths to
OERC-102 (80-100m - see Long Section, Figure 5). This drilling is targeting high grade mineralization on
200 metres of open strike east of OERC-102.
2
See Figures: http://www.awaleresources.com/_resources/maps/2021-06-
21_Figures_Empire_Brownfields_Drilling_Final.pdf
Company CEO Glen Parsons commented today:
“We are thrilled to have found the offset extensions to the east and west of the Empire Main
mineralisation. The team will now continue to carefully follow and target further high- grade
mineralisation along the newly discovered Empire Gap zone. Furthermore, i ntercepting
mineralisation in the NW offset drilling also reinforces the postulated right stepping en- echelon
framework for the Empire Main and supports a new 900m long footprint for the Empire Main
mineralisation.
As of this weekend the drill is turning again at the Empire project, and the team looks forward to
further defining the new Empire discoveries as well as the recently reported high grade
mineralisation at the Charger Prospect.
These new brownfield and greenfield targets highlight the gold prospectivity of the Empire
Corridor and the greater Odienné Project, emphasizing the team’s ability to continue building gold
ounces at Odienné.
We look forward to announcing results from the recently completed 4385m of drilling over 5 new
targets from the Kodio and Samanda trends at the Bondoukou Project. As well as the new drilling
just underway at Empire and Charger as they become available”.
3
Table 1: Significant Intercepts Empire Main Extension Program (Gap and West Targets)
HOLEID East North RL Dip Azi EOH From To Length Au g/t
OERC0102 647558 1030026 481 -55 360 161 69 70 1 0.3
80 87 7 0.4
Including 84 85 1 1.3
91 92 1 0.2
94 98 4 0.3
99 100 1 0.2
108 109 1 2.8
111 112 1 0.2
114 115 1 0.9
122 123 1 1.0
125 126 1 0.3
OERC0103 647660 1030000 484 -55 360 130 62 63 1 3.5
78 83 5 0.5
Including 78 79 1 1.3
OERC0104 647656 1030062 484 -55 360 97 50 54 4 0.5
63 67 4 1.4
Including 66 67 1 3.8
70 73 3 0.6
OERC0105 647746 1030056 485 -55 360 84 0 1 1 0.3
16 17 1 0.9
31 33 2 0.3
OERC0106 647330 1030441 481 -55 360 60 29 32 3 1.8
OERC0110 647748 1030026 483 -55 360 72 25 26 1 0.4
48 50 2 0.7
OERC0111 647745 1029998 485 -55 360 114 53 54 1 3.3
82 85 3 0.4
90 93 3 0.4
98 99 1 0.4
103 104 1 1.3
OERC0112 647746 1029968 486 -55 360 67 0 5 5 0.6
Including 3 4 1 1.5
13 14 1 0.2
19 20 1 0.2
31 32 1 0.4
61 62 1 0.7
OERC0114 647130 1030456 479 -60 360 110 23 24 1 0.5
97 98 1 0.6
* Significant Intercepts calculated using a 0.2 g/t Au trigger value and include 2m of internal waste. No High Cuts.
Holes not reported have no significant values.
4
Quality Control and Assurance
Analytical work for auger geochemical samples is being carried out at the independent Intertek
Laboratories Australia 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 or
Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Cote d’Ivoire
for preparation. Samples are logged in the tracking system, weighed, dried and pulverized to better than
85%, passing a 75 -micron screen, this pulp sample is then shipped to Ghana where a 50g charge is Fire
Assayed 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
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 18 years of experience in international minerals exploration and mining project
evaluation.
End
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