Awalé Resources Intersects 13.1 grams per tonne Gold over 15 meters at the Empire Discovery, Odienné, Côte d’Ivoire
Awalé Resources Intersects 13.1 grams per tonne Gold over 15 meters at the Empire
Discovery, Odienné, Côte d’Ivoire
Vancouver, BC, October 28 2020 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC) is
pleased to report exceptional gold results from the phase 2 drill program at the Empire gold discovery
(figures 1 and 2). The next 3 holes reported in this release (OEDD-18, 19 and 24) represent step out holes
drilled strike east of last known mineralization from the discovery program (figure 3).
The current diamond drill program for Empire Main is now complete with 13 holes drilled for 1695 meters.
Including the 3 holes in this release 5 holes have now been reported , with assay pending for the
remainder. Highlights from these 3 holes are as follows.
HIGHLIGHTS
• OEDD-24: 15 meters (m) at 13.1 grams per tonne gold ( g/t Au) from 69m including 2m at 20g/t
Au from 69m, 7.6m at 20.1 g/t Au from 74.7m, and 1m at 129.8 g/t Au from 76m.
• OEDD-18: 11 m at 4.9 g/t Au from 40m downhole including 1m at 4.8g/t Au and 1m at 40.2 g/t
Au from 40 and 41m, respectively.
• OEDD-19: 2m at 3.2 g/t Au from 70m, and 6 meters at 1.7 g/t Au from 103m
These high grade assay results continue to complement the discovery drilling sections and the previously
reported Phase 2 program being:
• OEDD-16: 17 m at 3.5 g/t Au from 86m downhole including 1m at 11.9 g/t Au and 1m at 11.7 g/t
Au from 87 and 90m respectively. (see release dated 7th October 2020)
(Drill intervals are reported as down hole, true widths are approximately 75 to 80% of the downhole
interval)
Since the previous release, RC Drilling over the eastern extension targets from Empire Main has
progressed exceptionally well after some initial weather and drilling issues, 28 RC and 4 diamond holes
have been completed for 2771 meters over 2 of the 3 extension anomalies (figure 4). Approximately 1200
meters in 13 holes remain to complete the first pass drill program over these new anomalies. The crews
have been placed on standby from the 25 th of October in anticipation of the October 31st election and
work will recommence as soon possible after the election period. The company expects steady results
flow from empire Main and the extension targets over the ensuing weeks.
LINK: SEE FIGURES 1 TO 6:
http://www.awaleresources.com/_resources/maps/2020_10_27_NR_Figures_OEDD18_19_24.pdf
Company CEO Glen Parsons commented today:
“More fantastic results from the phase 2 drill program at the Empire Discovery. The postulated
high-grade plunge is proving correct with the spectacular intercept of 1 5m at 13.1 grams gold
from OEDD00 24, which is a step east of known mineralisation. Furthermore, OEDD0018 has
reported 11m at 4.5 grams gold which represents a potential second zone of mineralisation that
was also seen in OEDD0009 from the discovery program.
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Turning the rig to drill from south to north on this program has proven successful, as our
knowledge continues to grow on optimal orientation. This orientation has further revealed a new
NNE-NE gold mineralised vein orientation. The final 2 holes of the diamond program (OEDD0031
and 32) are drilled from north to south and to the southeast to test this new orientation. More
visible gold has been seen in these 2 holes than any of the previous drilling with much of the gold
being hosted in the new vein orientations. This new orientation opens interpretation to steep
plunging lodes as well as the current shallower plunge tested in this program.
Further to the spectacular results and opening of new mineralisation orientations at Empire Main,
it has been pleasing to see the RC drilling gain momentum with the program almost at completion,
with 2 of the 3 extension targets now drilled.
Encouragingly, target Geology has been intercepted by RC and Diamond drilling at both these
anomalies with similar alteration, sulphide species, and host rock geology as at Empire Main.
Visible gold bearing brittle ductile zones were logged in hole OEDD0020 at Anomaly 2.
We are excited by the continuation of geology and alteration seen in drill chips and DD core from
the extension drilling and look forward to receiving results from these anomalies and potentially
moving toward discovering more high-grade mineralization at the current known 3km mineralized
Empire target area. These 3 targets have potential to build significant resources at the Odienné
project.
I reiterate that we are just scratching the surface with t he Empire discovery and the current
footprint has tested only 3km strike of the >20km long Empire structure . This will also be
systematically explored and extended with targets being generated along this exciting shear zone
and mineralised system.
The pipeline of assays from completed holes is now in motion and we look forward to reporting
results as and when they are received.”
Technical Background
The first 5 holes (OEDD-16 to19 and OEDD-24, drill plan and section P1 and P2 figures 2, 3 and 5) of this
program were designed to test for potential down-plunge extensions to the gold mineralization from the
previous discovery drill program. In drill section P1, OEDD-16 and 17 have successfully intersected target
geology and alteration , and the 59 gram -meters gold intercept (defined as downhole intercept length
multiplied by gold grade) in OEDD-16 conforms with the +48 gram-meter shallow plunge interpreted from
previous drilling (long section in figure 6 ). OEDD-17 also intercepted target geology and alteration with
visible gold but appears to have clipped the top of the mineralized plunge.
Drill Section P2 (figure 3, holes OEDD -18, OEDD- 19, and OEDD-24), a step eastward to extend
mineralization from the previous program has returned exceptional results with 15m at 13.1 g/t Au from
69m in OEDD-24 and 11m at 4.9 g/t Au in OEDD -18. These three holes have traversed expected geology
with higher grades occurring within visible gold bearing brittle ductile deformation zones.
The current drilling was planned to intercept at right angles to the dominant east west gold bearing vein
set recognized in the maiden drill program (holes drilled from north to sou th) and has been a success in
traversing perpendicular to gold bearing mineralization. However, the new orientation has traversed
previously poorly or unrecognized NNE to NE veins that dip to the NW. These veins were also gold bearing.
The final 2 holes of this diamond program (OEDD-31 and 32) were drilled from north to south or toward
the Southwest to test the new vein array. These holes intercepted a high density of N to NE gold bearing
veins. The visible gold reported in these 2 holes is reported to be more abundant than previous drill holes
at Empire.
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This new orientation opens the geometry of mineralization to steep westerly plunges which are likely
additional to the shallow plunges tested in this program. These steep plunges will be the focus of future
drilling at Empire main. The Empire discovery is summarized in a release dated 29th January 2020, along
with other releases dated the 19th of November and 23rd of December 2019.
Further to the plunge targets at Empire Main, the company has completed drilling 2 of the 3 high order
(>100ppb) auger anomalies along strike from the discovery area (figure 5). Each of these >100ppb targets
are of similar size to the discovery zone at Empire Main and represent compelling targets to rapidly expand
gold mineralisation at the prospect. These three targets have potential to extend mineralization at Empire
by a further 1200m.
Both anomaly two (2) and three (3) exhibit similar host rock geology to Empire main, with silica-sulphide
veining hosted within brittle/ductile deformation of competent host rocks.
At anomaly 2, pyrrhotite -chalcopyrite-pyrite are the most abundant su lphide species with rare galena
associated with visible gold. Chlorite rather than biotite is the abundant alteration mineral that is
overprinted by the silica sulphide mineralization phase. This is developed as quartz veins, veinlets and
stringers that form within brittle ductile zones in a diorite host, with locally intense calc-silicate alteration
proximal to the zone.
At Anomaly 3, similar brittle deformation is observed in a medium grained quartzite, within clastic, fine
grained sedimentary rocks. Silica-sulphide veinlets and veins are associated with a hematite selvage that
gives the rocks a pink hue with pyrrhotite -chalcopyrite-pyrite the main s ulphide species. This is also
developed with silica, at lithological contacts between fine to medium grained Intermediate intrusive and
volcanic rocks.
These extension targets add a potential 1200 metres to the discovery zone. The company has completed
28 RC holes and 4 diamond holes for 2771 of a planned 50 holes for c4500m over these extension targets.
The program has been suspended over the election period, and all remaining RC and DD holes have now
been submitted and the company looks forward to reporting results as they come through.
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Table 1: Significant gold Intercepts in grams per tonne gold for all assayed holes in the current program.
Hole East North RL
Total
Depth (m) Inclination Azimuth
From
(m) To (m) Length
Grams/Tonne
Gold
Gram-
Metres
OEDD-16 647441 1030206 475 159.4 -55 0 8.2 9.2 1 1.1
16.5 17.7 1.2 1.2
72 74 2 3 6.0
Incl. 73 74 1 5
81 83 2 1.5 3.0
86 103 17 3.5 59.5
Incl. 87 100 13 4 52.0
and 87 88 1 11.9
and 90 91 1 11.7
131 133 2 2.7 5.4
OEDD-17 647447 1030206 475 123.4 -55 0 55 56 1 3.1
61 62 1 1.8
65 73 8 1.6 12.8
Incl. 66 69 3 3.4 10.2
82 88 6 1.2 7.2
OEDD-18 647531 1030184 475 144.4 -55 0 40 51 11 4.9 53.5
Incl. 40 41 1 4.8
and 41 42 1 40.2
94 102 8 1.4 11.0
Incl. 94 95 1 4.5
109 117 8 2.0 15.6
OEDD-19 647531 1030164 475 180.4 -60 0 70 72 2 3.2 6.3
103 109 6 1.7 10.1
Incl. 107 108 1 5.2
139 143 4 1.6 6.2
151 153 2 1.2 2.3
OEDD-24 647528 1030207 475 105.6 -55 0 40 42 2 3.4 6.7
69 84 15 13.1 196.2
Note: Drill intervals are reported as down hole, true widths are approximately 75 to 80% of the downhole interval.
Results are reported at a 0.5 g/t Au trigger with 2m of included internal waste.
Quality Control and Assurance
Analytical work for drill core and RC percussion samples is being carried out at the independent Intertek
Laboratories Ghana Ltd. an ISO 17025 Certified Laboratory. Samples are stored at the company’s field
camps and put into sealed bags; they are stored securely until collected by Intertek for transportation to
Ghana.
Drill holes reported in this release are HQ core and have been sampled as ¾ core (approximately 6 kg/
meter) with ¼ ‘sliver’ of the core sample bei ng reserved as a library sample at the company offices . The
remaining ¾ core samples are logged in the Intertek tracking system, weighed, dried and finely crushed
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to better than 70%, passing a 2 mm screen of which 50% is pulverized to 85%, passing a 75-micron, the
remaining 50% is reserved. The pulverized sample is then cyanide leached by the LeachWELL method with
a further 2 Fire Assays are completed on the tail samples from the leach to monitor leach efficacy. Total
gold is reported from leach and fire assays, at grades of >0.2 g/t gold the leach is recovering 95.5% of all
gold.
Blanks, core duplicates, crush duplicates and certified reference material (standards) are being used to
monitor laboratory performance during the analysis. Due to the presence of free gold the lab was
requested to run a quartz wash between each sample during preparation, a selection of the quartz wash
samples is also routinely analyzed.
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.
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
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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