Awale Resources - Strong Gold Mineralization Extends as Drilling Continues at the Empire Discovery, Odienné Project
Awale Resources - Strong Gold Mineralization Extends as Drilling Continues at the
Empire Discovery, Odienné Project
Vancouver, BC, December 23 2019 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC)
is pleased to report from the Odienné Project (Figure 1) that ongoing drilling at the Empire prospect
successfully continues to extend gold mineralization reported in discovery holes OEDD0001 and OEDD002
(see Company News Release dated November 19, 2019). Assays for a further 7 holes (OEDD0003-0007
and OEDD0009-00010; Figure 2) have now been received, with results extending gold mineralization to at
least 120m vertical depth along the discovery section and an initial 100m along strike on line 2a . Gold
mineralization in the holes being reported is hosted with in the same diorite unit with brittle/ductile
deformation as observed in the discovery holes.
The current drilling at Empire represents the first ever drill testing of the core of the 3km long, 250m wide
soil gold anomaly previously defined by the Company (Figure 3). Drilling to date is labelled as NQ diamond
drilling (“DD”) and reverse circulation drilling (“RC”).
Highlights
Step-back hole OEDD0003 extends previously reported mineralization by 80m down dip from
previously reported discovery holes OEDD0001 (18 metres “m” at 4.9 grams per tonne gold
“g/t Au” from 40m downhole) and OEDD0002 (27m @ 3.1 g/t Au from 43.2m downhole)
o OEDD0003* - 19m at 0.9 g/t Au from 151m downhole including 1m at 4.54 g/t Au
from 152 m downhole.
Step-out hole OEDD0009 extends gold mineralization by 100m from the 2 discovery holes
along strike to the east with three broad intercepted zones of strong mineralisation with
visible gold*
o 17m at 2.6 g/t Au from 40 m downhole,
including 2.65m at 15.4 g/t Au from 40m,
o 16.74m at 1.9 g/t Au from 74.26m downhole,
including 9.28m at 2.7g/t Au from 80.72m and,
o 16m at 1.8 g/t Au from 98m downhole,
including 3m at 7.6 g/t Au from 111m
*True width Intercepts for OEDD0003 are approximately 15m and the three intercepts reported for
OEDD0009 are approximately 12 metres each. Broad intercepts above are calculated at a 0.2g/t Au trigger
with included intercepts calculated at a 1 g/t Au trigger . All calculated intercepts include 3m of internal
waste. Sections for these holes are shown in figures 4 and 5.
The Empire mineralized zone currently remains open both at depth and along strike . Holes drilled on
section line 3 (figures 2 and 7) show a southern offset of the altered diorite by approximately 50m. Hole
OERC0003/OEDD0006 (RC Collar with DD tail) intercepted some weakly mineralized diorite (18m at 0.2
g/t Au) and step back hole OERC0016 (results Pending) has also intercepted 50m (downhole) of the altered
diorite typical of what we are seeing in holes OEDD0001-0003 and OEDD0009/0010. Holes OEDD0004,
2
OEDD0005 and OEDD0007 appear to be drilled north of the mineralized zone into the interpreted footwall
volcaniclastic rocks with calc silicate alteration.
OEDD0003 ended in mineralisation. This hole has now been re-entered and extended by 40m to a total
depth of 210.06m. The extension has intercepted 2 further zones of the same brittle ductile deformation
with visible gold (results pending). This extends visual mineralisation on the discovery section to a vertical
depth of 150 metres from surface. The hole ended in deformed diorite and mineralisation is expected to
continue at depth. A deep hole in the optimal NNE drill dir ection has now been planned to intercept
mineralisation at a vertical depth of 200m.
Each reported mineralized zone in OEDD0009 has a true width of approximately 12m within a 50 metre
envelope of brittle ductile deformation (figure 5). Multiple visual gold zones were also observed in
OEDD0009.
OEDD0010 is a step back from OEDD009 and displays identical geology to previously mineralized holes.
The hole displayed strong brittle/ductile deformation but has returned weaker mineralisation. Intercepts
from OEDD010 include; 6m at 0.3 g/t Au from 61m, 5.9m at 0.2 g/t from 92m, 1m at 3 g/t from 110m, and
6m at 0.43 from 121m (figure 7 is a comparative photo of the deformation in OEDD0010 and OEDD0001).
Visible gold was observed in this hole at 93.2m and 110.9m. This weaker mineralisation seems likely due
to inherent grade variability that is often present in coarse and nuggety gold systems. An RC twin hole has
been planned for section 2a to test for grade variability.
The mineralisation is contained within a 500m greater than 109 ppb core of a 3 kilometre long +18ppb
gold in soil anomaly. Visible gold is seen in holes that have intercepted brittle ductile deformation of the
diorite body. The strike extent of the diorite hosted mineralisation is at a minimum of 100m and has been
potentially extended to the east in hole OERC0016. The mineralisation also remains open at vertical
depths below 150m. Multiple zones of mineralisation have now been intercepted on sections 2 and 2a
and width of the brittle ductile deformation envelope is up to 100m wide on section 2a and 50m wide on
section 2.
The company has now completed a further 13 RC holes at Empire and plans to continue drilling through
the Christmas period. Results are expected from mid-January into February.
Link to figures: http://www.awaleresources.com/_resources/maps/Mineralization-Extends-as-Drilling-
Continues-at-the-Empire-Discovery-Figures.pdf
Company CEO Glen Parsons commented today:
“An excellent way to end the 2019 year ; where we are extremely pleased to see strong mineralisation
extending at depth and along strike from our initial 2 discovery holes at Empire. Hole DD3 has confirmed
strong mineralisation with visible gold at least 80m down dip . Holes DD9 and DD10 have confirmed
continuity of this visible gold mineralisation 100m along strike to the east . As further drilling continues
the team is tracking mineralisation which remains open at depth and along strike.
Results flow will continue through January and early February for Empire as well as Vakaba just to the
north of Empire.
I look forward to keeping the market updated of progress on the extensions as results come to hand in
the New Year.”
3
Table 1: List of Significant intercepts for the Empire Prospect
Hole East North RL
Total
Depth
(m)
Inclination Azimuth From
(m) To (m) Length
(m)
g/t
Au
OEDD0001 647381 1030237 465 108.16 -55 20 40 58.15 18.15 4.9
Including 40 50.4 10.4 7.9
and 46 47 1 73.1
OEDD0002 647403 1030294 467 84.06 -55 200 43.2 70.2 27 3.1
Including 43.2 52.2 9 5.3
and 48.2 49.2 1 34.9
and 61.2 62.2 1 19.3
OEDD0003 647419 1030332 469 210.06 -56 204 110.49 121 10.51 0.3
124.7 130 5.3 0.4
151 170 19 0.9
Including 152 157 5 1.8
and 152 153 1 4.5
OEDD0009 647490 1030215 467 156 -55 20 0 8.8 8.8 0.4
40 57 17 2.6
Including 40 42.65 2.65 15.4
64 70 6 0.5
74.26 91 16.74 1.9
Including 80.72 90 9.28 2.7
and 82 83 1 6.8
and 85 86 1 7.2
and 86 87 1 3.8
and 89 90 1 3.6
98 114 16 1.8
103 104 1 3.5
111 114 3 7.6
128 137.67 9.67 0.2
OEDD0010 647465 1030167 467 138 -55 20 61 67 6 0.3
92 97.9 5.9 0.3
108.05 111 2.95 1.1
Including 110 111 1 3.0
121 127 6 0.4
OERC0003/OEDD0006 647556 1030108 467 57.9/84.4 -55 25.48 1 3 2 0.6
OERC0003/OEDD0006
9 27 18 0.2
OERC0003/OEDD0006 43 44 1 0.2
Note: All intervals calculated using a 0.2 g/t Au trigger value and include 3 metres of internal waste.
Included intervals calculated at a 1 g/t Au trigger with 3m of internal waste except where individual
assays are reported. Short Low grade (<5metres) intervals have been omitted.
No significant values have been returned for OEDD0004, OEDD0005 or OEDD0007.
4
True width- of the mineralised envelope for OEDD0001 and OEDD0002 is currently estimated to be 15
metres. Intercepts for OEDD0003 are approximately 15m and the three intercepts reported for
OEDD0009 are approximately 12 metres each. Broad intercepts above are calculated at a 0.2g/t Au
trigger with included intercepts calculated at a 1 g/t Au trigger. All calculated intercepts include 3m of
internal waste.
Technical Background
Empire is a high priority prospect that was systematically explored by Awalé, resulting in a coincident
geology, gold/arsenic geochemistry, and an IP geophysics anomaly. The high order soil anomalism
coincides with a mapped mylonite -bearing structure that has been intruded by a later diorite body. The
resistive chargeable anomaly was interpreted to indicate coincident silicification and sulfidation of the
diorite and conforms with both the soil anomalism and the mapped structure (Rock chips from quartz
veins on the prospect have returned up to 65 g/t Au* and a channel sample in altered wall rock has
returned 8m at 0.7 g/t Au including 2m at 3.17g/t Au and 2m at 1.57 g/t Au).
*Rock chip samples are taken to understand which structures and veins are mineralised at a prospect and contribute to
understanding the geometry and nature of mineralisation, while they provide an insight to tenor of mineralisation, they do no t
represent a true indication of the overall grade of a prospect
The soil sampling completed by the company for ms a 3km long 18ppb anomaly which includes a 500m
long 109 ppb core, artisanal mining activity commenced some months after the completion and reporting
of the of the soil program. The pit opened by these artisanal workers does not cover the best soil
anomalism nor the best resistive chargeable IP anomaly. This demonstrates the potential for southern
extensions of mineralisation in the current drill program. These extensions will be tested with RC drilling
in the current program.
The current drilling program has confirmed the mineralisation model developed by the company where
gold is hosted in a brittle ductile orogenic shear zone setting at the margin of the diorite intrusion. Further
to this, porphyritic dykes have been intersected in the footwall of the mineralisation. The 5 reported drill
holes that have intercepted diorite have exhibited brittle ductile deformation and are mineralized; all
these holes have intercepted free gold with the first 2 holes returning high grade intercepts. Early Potassic
alteration is overprinted by calcsilicate mineralogy, a third later phase of silica -sulfide alteration is
associated with free gold and tellurides. The sul fide mineralogy is dominated by pyrite with subordinate
chalcopyrite and galena. Disseminated mineralisation is present, but at low tenor in these initial holes (0.2
to 0.5 g/t Au) within the brittle ductile zone.
OEDD0009 and OEDD0010 on drill line 2a have inte rcepted a thick (100m wide) zone of brittle ductile
deformation 100 metres along strike from the discovery section. Further to this the 40m extension to
OEDD0003 has also intercepted visible gold within brittle ductile deformation extending mineralization to
a vertical depth of 150m. The hole ends in altered and foliated diorite, leaving mineralisation open down
dip, the dips on the foliation and deformation in this hole are in a similar direction to the core axis and
the hole was ended with a plan to drill a deeper hole in the optimal 020N direction.
Grade variability is evident from results received vs observed geology and visible gold presence, f igure 8
shows a photo of a strong deformation zone in hole s OEDD0010 and OEDD0001 for comparison. The
brittle ductile zones in each photo are close to identical and are defined by strain vein intensity & silica-
biotite alteration with pyrite +/- chalcopyrite. However, this zone in OEDD0010returned 5.9m at 0.25 g/t
Au and the other returned 10.4m at 7.9 g/t Au.
5
Further to the mineralisation extensions described above recent RC drilling (results pending) has
intercepted diorite a further 100m along strike from that intercepted on section 2A (OEDD0009 and 0010)
but is offset by approximately 50m to the south. At present a fault is postulated to cause this offset (figure
7).
Veins hosting the gold are polyphase or extension only, polyphase veins are shear veins with highly
strained margins that have failed and extended with silica -sulfide infill. It is thought the extension veins
are the main source of the observed free gold
Note on Screen Fire Assays
Assays above 1 g/t Au are now routinely assayed by the Company using the Screen Fire Assay analytical
technique (see description below). Where a Screen fire Assay has been completed these results supersede
Fire Assay results for reported intercepts.
Note on Grade Variability
Quarter NQ core duplicate samples taken within mineralized zones have returned variable results, this is
viewed as an example of the grade variability within the mineralisation. For reporting purposes screen
fire assays have been used rather than the fire assay results.
Hole ID Primary Fire Assay Duplicate Fire Assay
OEDD0001 34.11 20.73
OEDD0002 2.45 1.84
OEDD0009 21.1 1.73
OEDD0009 0.8 4.62
Quality Control and Assurance
Analytical work for drillcore 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. 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 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. Due to the presence of free gold the lab was requested to run a quartz wash be tween each
sample during preparation. Samples that have returned more than 1g/t Au have been Screen Fire Assayed.
Screen Fire Assay involves screening a nominal 1kg sample and firing the entire coarse fraction, including
the screen cloth. Duplicate assay s are carried out on the undersize fraction which is more reproducible
due to the smaller gold particle sizes. The total gold content is calculated as a weighted mean of the
measured grades of the two screen fractions.
ON BEHALF OF THE BOARD
AWALE RESOURCES LIMITED.
“Glen Parsons”
6
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
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.
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
GHANA
Atlantic Ocean
GUINEA
MALI
BURKINA FASO
LIBERIA
CÔTE
D’IVOIRE
ABENGOUROU
PROJECT
BONDOUKOU
PROJECT
ITY
Application
ODIENNE
PROJECT
Bouaké
Bondoukou
Aboisso
Abidjan
Agnibilekrou
Yamoussoukro
Man
Odienne
Ferkessedougou
Korhogo
Danane
200km
Granted Permits
Application Areas
FIGURE 1 Awale Resources Project Locations, Cote d’Ivoire
Artisanal
Workings
30400
7300
30300
30200
30100
30400
7200
7400
7500
7600
7700
7800
7900
OEDD0003
OERC0004
DRILL SECTION 1
DRILL SECTION 2
DRILL SECTION 2A
DRILL SECTION 3
DRILL SECTION 4
OEDD0008
OERC0009
OERC0011
OEDD0010
OEDD0004
OEDD0007
OEDD0009
OERC0012
OERC0010
OERC0015
OERC0016
OERC0003/
OEDD0006
OERC0002/
OEDD0005
OERC0001/
OEDD0001
OEDD0002
OERC0005
OERC0008
OERC0006
OERC0007
OERC0013
OERC0014
300m
65 36.7
5.07
15.25
100m
Drill Collar – Assay Received
Drill Collar – Assay Pending
Planned Drill Collars
Au in Soil (ppb)
+100
32-100
18-32
Faama Granite
Meta-Andesties & Dacites
Lithogeochemistry Trend Lines
Drill Lines
Soil Geochemistry Lines
Rock Chip Samples
FIGURE 2 Empire Drill Plan – Geochemistry, Lines 1-4
+100 ppb Gold in Soil
Artisanal Workings
Top of Fresh
450m
400m
350m
300m
25m
Drill Collar – Assay Received
Drill Collar – Assay Pending
Meta-Diorite & Biotite Alteration
Brittle Ductile Deformation
Mylonite +/- Calcsilicate Alteration
Medium to Fine Grain Volcaniclastics
+/- & Calcsilicate Alteration
Porphyry
Meta-Andesties & Dacites
Potassic Alteration
+/- Diseminated Sulphide
Limit of Moderate to Strong
Potassic Alteration
Visible Gold
OERC0006 OERC0008
OERC0006/
OEDD0001
120m
109m
170m
210m
171m
84m
110m
OEDD0002
OERC0004/
OEDD0003
108m
OEDD0003
Extension
(Assay Pending)
18.15m @ 4.9 g/t Au
from 40m
27m @ 3.1 g/t Au
from 43.2m
19m @ 0.9 g/t Au
from 151m
FIGURE 2
31000 47000
47500
48000
48500
49000
49500
30500
30000
29500
29000
47000
DRILL SECTION 1
DRILL SECTION 2DRILL SECTION 3DRILL SECTION 2A
DRILL SECTION 4
3 Kilometres
250m
Au in Soil (ppb)
+100
32-99
8-32
Faama Granite
Meta-Andesties & Dacites
Lithogeochemistry Trend Lines
Planned Drill Lines
Soil Lines
FIGURE 4 Cross Section 2
FIGURE 3 Empire – Geochemistry & Lithogeochem