Awalé Extends Charger at Depth with Four High-Grade Hits, Including 16.4 g/t Gold Over 52 Metres
Awalé Extends Charger at Depth with Four
High-Grade Hits, Including 16.4 g/t Gold Over
52 Metres
HIGHLIGHTS
52m @ 16.4 g/t gold from 256m downhole in hole OEDD-148, including 11m @ 70.3 g/t
gold from 279m
33m @ 5.2 g/t gold from 276m downhole in hole OEDD-146, including 16m @ 6.8 g/t gold
from 280m
10m @ 12 g/t gold from 273m downhole in hole OEDD-145, including 7m @ 16.7 g/t gold
from 275m
Charger's high-grade gold system continues to expand, with these results extending
mineralization 70 metres deeper
Improved understanding of structural and mineralization controls guiding ongoing
success
Additional drilling now underway to test the down-plunge potential to 600 metres depth
Toronto, Ontario--(Newsfile Corp. - June 25, 2025) -
Awalé Resources Limited (TSXV: ARIC)
("
Awalé
" or the "
Company
") is pleased to report assay results from the latest four diamond drill holes
on the Company's Charger discovery, part of the Odienné Project ("
Odienné
" or the "
Project
") in Côte
d'Ivoire. The four step-back holes drilled 70 metres ("m") below previously reported high-grade
intercepts confirm the extension of the mineralized system and reinforce the depth potential at Charger.
Additional drilling at Charger is now underway to test the down-plunge extent of the open mineralized
system to 600 metres depth.
"We are delighted with the latest results from drilling at the Charger target," commented Andrew Chubb,
CEO of Awalé Resources. "Charger continues to deliver some of the best gold drill results in West
Africa, and now with a robust model, we see potential for the high-grade to continue at depth. In addition
to a sound understanding of the geometry of the mineralization, we are now intercepting parallel zones
that we believe can be linked together with further drilling. This, combined with the emergence of
untested geophysical targets, highlights the significant upside potential at Charger beyond the current
drilling zone. We have initiated the next phase of drilling designed to test the down-plunge continuity of
this open high-grade gold system down to 600 metres below surface."
Link to Sections and Maps
Link to Core Photos
Watch CEO Andrew Chubb Discuss Charger's Latest High-Grade Gold Results
Background on the Charger Discovery
Charger is a high-grade breccia target hosted within a monzodiorite intrusion. The mineralization is
controlled by a steeply dipping, northeast-trending structure with internal, wider, and higher-grade shoots
that have a sub-horizontal plunge, likely controlled by folding. True widths range from 5 to 40 metres, with
the wider zones coinciding with the shallow-plunging, fold-controlled shoots.
The higher-grade zones within the breccia are dominated by hydraulic breccia with quartz-fill and visible
gold. Lower grades are generally found in a clinopyroxene matrix breccia, with isolated zones of higher-
grade free gold mineralization. Charger drilling has consistently returned very high-grade intercepts,
including:
57m @ 26 g/t Au
from 164m downhole, including
32m @ 45.7 g/t Au
from 165 in
OEDD-83
29m @ 20 g/t Au
from 149m downhole, including
8m @ 39.5 g/t Au
from 149m in
OEDD-88
59m @ 14.7 g/t Au
from 140 downhole in
OEDD 100
26m @ 12 g/t Au
from 146m downhole in
OEDD-120
95m @ 1.8 g/t Au
from 170m downhole in
OEDD-118
26m @ 2 g/t Au
from 134m downhole in
OEDD-137
4m @ 18.5 g/t Au
from 67m downhole in
OEDD-121
1.5m @ 13.4 g/t Au
from surface in
OEDD-136
3m @ 3.2 g/t Au
from 6.5m downhole in
OEDD-136
6.5m @ 4.4 g/t Au
from 28.5m downhole in
OEDD-136
Intercepts from this release:
52m @ 16.4 g/t Au
from 256m downhole, including
11m @ 70.3 g/t Au
from 279m in
OEDD-148
33m @ 5.2 g/t Au
from 276m downhole, including
16m @ 6.8 g/t Au
from 280m in
OEDD-146
10m @ 12 g/t Au
from 273m downhole, including
7m @ 16.7 g/t Au
from 275m in
OEDD-145
The breccia is zoned both vertically and horizontally (see Long Section in Figure 5). Horizontally, there is
a transition from a silica-rich, quartz-fill-dominant hydrothermal breccia on the southeast side to a
clinopyroxene-dominant breccia on the northwest side of the northeast-trending structure. Vertically, a
polymetallic zone extends from the surface to approximately 100 metres depth, below which there is a
transition to a free gold-dominant zone that has yielded consistently high-grade mineralization. This
deeper zone contains significantly less sulfide (1-5%).
Alteration is dominated by a combination of silica (quartz), potassic (biotite and K-feldspar), and calc-
silicate (clinopyroxene), with hematite and epidote also present. The breccia zones are "magnetite
destructive", where magnetite in the parent rock is overprinted by pyrite and hematite. Dominant sulfides
include pyrite, chalcopyrite, and pyrrhotite, with accessory molybdenum, galena, and sphalerite.
Tellurides are also present as accessory minerals.
Recent confirmation that mineralization is magnetite destructive opens significant exploration potential at
Charger. Several other demagnetized zones have been recognized within the Charger monzodiorite and
are now considered new exploration targets (see Drill Plan in Figure 3, where zones labelled 2 to 5 are
considered new "demag" targets).
New Deep Drilling Planned
Three deep holes totalling approximately 2000 metres have been planned, ahead of the seasonal rains,
with the first hole collared last week. Drilling will be oriented northwest and the holes are designed to
intercept the target breccia at vertical depths of approximately 400 and 600 metres below surface.
These depths correspond to 150-metre and 350-metre step-backs from the current limit of drilling of 250
metres below surface (see Long Section in Figure 5). Refer to Table 1 for the planned drill collars.
Table 1: Planned Drill Collars for Charger Deep Drilling
Plan Collar
Easting
Northing
RL (m)
Dip
Azimuth
Depth (m)
CD_001
647386
1032092
470
-65
305
620
CD_002
647869
1032109
470
-65
305
620
CD_003
647912
1032042
469
-67
300
850
Note: Collars are planned to take into account expected progressive hole deviation in the course of drilling, these deviations are estimated from previous
drilling at the Charger target. Holes are expected to lift and turn toward the west.
How Charger Fits into the Odienné Vision for District-Scale Potential
The Odienné Project is being advanced as a district-scale opportunity, and Charger, together with BBM
and other discoveries continue to demonstrate the potential of Odienné as a multi-target system with
scale. Charger's evolution from early discovery to a more mature system, with well-defined geometry,
alteration zoning, and geophysical fingerprints, provides a template for potential repeatability across the
Project. Awalé has recognized that Charger-style gold mineralization is associated with magnetite
destruction, resulting in low magnetic signatures that have helped pinpoint four new prospective areas.
This methodological approach demonstrates that Awalé is not just drilling for discovery, but building a
pipeline of targets with a coherent geologic thesis.
Table 2: Charger Drilling Collar Cable - (all collars from this release)
Hole ID
Easting
Northing
RL (m)
Azimuth
Dip
Depth (m)
OEDD0145
647691
1032120
471
15
-55
350.44
OEDD0146
647686
1032090
470
15
-55
386.2
OEDD0147
647651
1032062
470
15
-55
416.22
OEDD0148
647658
1032094
472
15
-55
383.14
Table 3: Significant Intercepts - (from this release)
Hole ID
From (m)
To
(m)
Length (m)
Au
(g/t)
Ag
(g/t)
Cu (ppm)
Mo (ppm)
Composite Trigger
(g/t)
OEDD0145
21.00
21.50
0.50
8.8
2.5
145
1
0.5
OEDD0145
106.00
111.00
5.00
0.7
0.6
378
3
0.5
OEDD0145
228.00
229.00
1.00
0.5
0.3
151
2
0.5
OEDD0145
233.00
234.00
1.00
0.7
0.2
72
1
0.5
OEDD0145
260.00
261.00
1.00
0.8
0.5
132
1
0.5
OEDD0145
273.00
283.00
10.00
12.0
1.3
54
2
0.5
including
275.00
282.00
7.00
16.7
1.6
53
2
5.0
OEDD0145
288.00
289.00
1.00
2.0
0.5
41
2
0.5
OEDD0145
294.00
295.00
1.00
0.9
0.5
52
2
0.5
OEDD0145
299.00
305.00
6.00
2.0
0.6
136
4
0.5
OEDD0146
26.50
27.00
0.50
0.6
0.2
123
1
0.5
OEDD0146
31.00
32.00
1.00
3.2
0.3
137
2
0.5
OEDD0146
45.00
46.00
1.00
0.6
1.1
434
17
0.5
OEDD0146
58.00
59.00
1.00
0.7
0.3
127
2
0.5
OEDD0146
144.00
145.00
1.00
1.7
0.2
151
1
0.5
OEDD0146
212.00
213.00
1.00
0.7
0.4
67
1
0.5
OEDD0146
276.00
309.00
33.00
5.2
3.1
118
7
0.5
including
280.00
296.00
16.00
6.8
2.1
97
14
5.00
and
291
293
2.00
29.0
5.6
113
2
10.0
and
302
304
2.00
20.7
27.9
549
2
10.0
OEDD0146
313.00
321.00
8.00
1.7
1.3
62
2
0.5
OEDD0146
331.00
332.00
1.00
0.7
0.2
83
2
0.5
OEDD0147
262.00
281.00
19.00
2.4
1.5
105
2
0.5
including
277.00
278.00
1.00
12.3
0.2
72
2
5.0
OEDD0147
286.00
291.00
5.00
3.0
1.0
145
2
0.5
including
286.00
287.00
1.00
12.3
1.9
193
2
5.0
OEDD0147
301.00
315.00
14.00
1.7
0.6
56
1
0.5
including
314.00
315.00
1.00
9.9
0.8
70
1
5.0
OEDD0147
320.00
321.00
1.00
0.8
0.7
127
1
0.5
OEDD0147
322.00
339.00
17.00
2.0
0.7
72
1
0.5
including
332.00
333.00
1.00
5.9
1.0
47
1
5.0
OEDD0147
353.00
354.00
1.00
3.0
0.5
93
4
0.5
OEDD0147
362.00
364.00
2.00
2.7
2.5
114
2
0.5
OEDD0147
415.00
416.22
1.22
3.8
4.5
391
43
0.5
OEDD0148
22.50
23.50
1.00
0.8
2.1
452
1
0.5
OEDD0148
153.00
154.00
1.00
0.7
0.1
116
1
0.5
OEDD0148
256.00
308.00
52.00
16.4
6.9
1,046
2
0.5
including
256.00
259.00
3.00
6.6
2.7
283
3
5.0
and
273.00
274.00
1.00
6.5
1.1
109
1
5.0
and
279.00
290.00
11.00
70.3
29.7
4,549
2
5.0
OEDD0148
313.00
326.00
13.00
4.4
0.9
79
3
0.5
including
325.00
326.00
1.00
45.9
3.6
78
8
5.0
About Awalé Resources
Awalé is a diligent and systematic mineral exploration company focused on discovering large high-
grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored
regions of Côte d'Ivoire, where the Company is exploring the Odienné Copper-Gold Project ("
Odienné
"
or the "
Project
"), covering 2,346 km
2
across seven permits-five granted and two applications. This
includes 797 km
2
in two permits held under the Awalé-Newmont Joint Venture ("OJV"). Awalé manages
all exploration activities over the OJV, with funding provided by Newmont Joint Ventures Limited
("
Newmont
").
Awalé has discovered four gold, gold-copper, and gold-copper-silver-molybdenum mineralized systems
within the OJV and has recently commenced exploration on its 100%-owned properties.
The Odienné Project is underexplored and has multiple pipeline prospects with similar geochemical
signatures to Iron Oxide Copper Gold (
IOCG
) and intrusive-related mineral systems with substantial
upside potential. The Company benefits from a skilled and well-seasoned technical team that allows it to
continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale
discoveries.
Quality Control and Assurance
Analytical work for geochemistry samples is being carried out at the independent ALS Laboratories in
Ghana and Ireland, an ISO 17025 Certified Laboratory. Samples are prepared and stored at the
Company's field camps and put into sealed bags until collected by ALS from the Company's secure
Odienné office and transported by ALS to their preparation laboratory in Yamoussoukro, Côte d'Ivoire,
for preparation. Samples are logged in the tracking system, weighed, dried, and pulverized to greater
than 85%, passing a 75-micron screen. Two pulps are prepared from each sample with one stream to
ALS Ghana for fire assay and a second to Ireland where the sample is analyzed by 52 element ICP/MS
with a 4-Acid digest. Blanks, duplicates, and certified reference material (standards) are being used to
monitor laboratory performance during the analysis. Where visible gold is observed in drill core, a quartz
wash is applied between every sample to reduce or eliminate any contamination. Once Fire assay
results are received sample over 5 g/t gold are routinely screen fire assayed, samples lower than 5 g/t
continued within a high-grade interval are also screen fire assayed.
Mineralized Interval Calculations
Significant intervals reported in this news release are calculated as downhole length-weighted
intercepts. For the Charger target, initial mineralized zones are calculated at a 0.5 g/t Au trigger and
include up to 3 metres of internal waste for delineating mineralized zones. Included intervals are
calculated at 1 g/t, 3 g/t, 5 g/t and 10 g/t Au trigger values, with up to 3 metres of internal waste. Table 1
contains a list of all Charger holes reported in this release. True widths are estimated to be 60% of the
downhole widths.
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 Executive 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
Geoscientists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and
mining project evaluation.
Abbreviations Used in this Release
Ag
Silver
Au
Gold
Cu
Copper
g/t
Grams per tonne
km
Kilometres
m
Metres
Mo
Molybdenum
ppm
Parts per million
AWALÉ Resources Limited
On behalf of the Board of Directors
"Andrew Chubb"
Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Chubb, CEO
+356 9913 9117
Ardem Keshishian, VP Corporate Development
+1 (416) 471-5463
The Company's public documents may be accessed at
www.sedarplus.com
. For further information on
the Company, please visit our website at
www.awaleresources.com
.
Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities
laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions,
or are those, which, by their nature, refer to future events. All statements that are not statements of
historical fact are forward-looking statements. Forward-looking statements in this press release
include but are not limited to statements regarding, the Company's presence in Côte d'Ivoire and
ability to achieve results, creation of value for Company shareholders, achievements under the
Newmont JV, works on other properties, planned drilling, commencement of operations. Although the
Company believes any forward-looking statements in this press release are reasonable, it can give no
assurance that the expectations and assumptions in such statements will prove to be correct. Factors
that could cause actual results to differ materially from such forward-looking information include, but
are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices,
delays in obtaining required regulatory or governmental approvals, and other risks involved in the
mineral exploration and development industry, including those risks set out in the Company's
management's discussion and analysis as filed under the Company's profile at
www.sedarplus.ca
.
Forward-looking information in this news release is based on the opinions and assumptions of
management considered reasonable as of the date hereof, including that all necessary governmental
and regulatory approvals will be received as and when expected. Although the Company believes that
the assumptions and factors used in preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information. The Company disclaims any
intention or obligation to update or revise any forward-looking information, other than as required by
applicable securities laws.
Neither the 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/256724