Awalé Hits 14.7 g/t Gold over 59 Metres at the Charger Zone, Odienné Project
Awalé Hits 14.7 g/t Gold over 59 Metres at the
Charger Zone, Odienné Project
HIGHLIGHTS
14.7 g/t gold ("Au") over 59 metres ("m"), or 868-gram-metres gold, from 96m downhole,
including 22.4 g/t Au over 21m from 143m downhole in Hole OEDD-100.
OEDD-100 is a 'scissor' hole collared:
200m southwest of hole OEDD-83, which previously returned 26 g/t Au over 57m;
and
25m east of OEDD-88, which previously returned 20 g/t Au over 29m.
Awalé has reported three of the highest-grade intercepts in West Africa over the past 12
months.
Uniform mineralization across reported intersection, with no nugget effect.
Results confirm a very high-grade gold zone with strong continuity and significant
resource potential, with a 200m-long corridor identified.
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) -
Awalé Resources Limited
(TSXV: ARIC)
("
Awalé
" or the "
Company
") is pleased to report the final four holes from the Charger
target at the Odienné Project, including 14.7 g/t Au over 59m in drill hole OEDD-100. Today's results
mark the culmination of a successful drilling campaign, highlighted by the previously reported intercept of
26 g/t Au over 57 metres in hole OEDD-83 and 20 g/t Au over 29m in hole OEDD-88.
"We have now established the breccia's true width at over 30 metres, within a 200-metre strike length of
breccia mineralization, and the very high-grade gold is concentrated in fold hinges within this corridor.
Importantly, our understanding of Charger's structure has evolved, allowing us to test our new fold model
within the current corridor and step out to explore potential parallel zones. With this refined structural
model, we're confident in continuing our success at Charger.
We are very pleased with the latest results and the successful outcome of this drill campaign, which
delivered multiple high-grade hits at Charger and drilling through 100m of the target breccia body at
depth. These holes established both grade and geological continuity of the breccia mineralization. The
14 g/t Au over 59m in hole OEDD-100 has exhibited the same grade consistency across the reported
interval as the previous high-grade hits. We have also ramped up our new field season last week,
commencing a 4000m diamond drill program at BBM and Charger," commented Andrew Chubb, CEO
of Awalé Resources.
LINK TO Charger's Drill Core Photos with Gold Grade on OEDD-100
LINK TO Charger Hi-res Figures
LINK to Webinar on Charger
Uniform Mineralization
As with drill holes OEDD-83 and OEDD-88, OEDD-100 delivered consistently high-grade gold
mineralization throughout the reported interval. The
Core Photos
show the gold grade consistency within
the 1-metre assays from the reported interval in OEDD-100, reinforcing the consistent and robust
mineralization in this hole along with the previously reported high-grade intervals in OEDD-83 and
OEDD-88.
Figure 1: 3D Plan View for the Charger Zone; showing logged breccia distribution in red, and
the corridor of breccia mineralization trending from southwest to northeast. Red lines highlight
a 200m mineralized Corridor, folding has been identified in drilling both within and outside this
corridor, there is opportunity to find parallel corridors, and multiple fold hinges within each
corridor.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/229444_176619bed46f5a33_002full.jpg
New Charger Structural Interpretation: A Folded Model
The high-grade breccias are now understood to be controlled by folding within the Charger Intrusive, with
very high-gold grades developing in the fold hinge(s). The Company has now separated gold results
pertaining to interpreted hinge and limb zones, with interpreted fold hinges displaying significantly higher
gold results than the limb zones (
see Table 1
) with average gold grade in the hinge zone at 735-gram x
metres versus 38-gram x metres in the limbs. The Company will be drill testing the fold model within the
current corridor as well as step-out and test for other parallel zones starting in late Q4 2024 into Q1
2025.
Figure 2: 3D Long Section looking northwest through the Charger breccia mineralization,
again the red zones are breccia intercepted in drilling, along with OEDD-99 which has
intercepted 100m of breccia - the system is open at depth as well as along strike.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/229444_176619bed46f5a33_003full.jpg
Table 1: Weighted-Average Gold Grades in Interpreted Hinges and Limbs*.
Hole ID
From (m)
To (m)
Interval (m)
Gold g/t
GxM
Fold Geometry
OEDD0083
165
205
56
26.00
1456
Hinge
OEDD0085
177
196
21
1.70
36
Hinge
OEDD0088
149
178
29
20.00
580
Hinge
OEDD0100
143
199
59
14.70
867
Hinge
Average
735
OEDD0045
89
100
11
5.41
59.51
Limb
OEDD0045
117
127
10
1.86
18.60
Limb
OEDD0083
210
219
9
1.56
14.04
Limb
OEDD0083
232
236
4
1.77
7.08
Limb
OEDD0085
203
212
9
8.68
78.12
Limb
OERC0132
74
82
8
7.29
58.32
Limb
OERC0132
96
107
11
2.63
28.93
Limb
Average
38
*The intercepts reported in the Table 1 may not be the same as previously reported, as they have been selected based on geology and broken down to
'Hinge' or 'Limb' zones.
Figure 3: Cross Section showing inferred fold hinge controlling high-grade gold mineralization
in drill holes OEDD-83 and OEDD-100. Note the lower grade sections in the limbs from the
deeper mineralization in OEDD-83 - See the 'limb' intercepts shown in Table 1 with 56m at 26
g/t Au in the hinge and 9m at 1.6 g/t Au and 4m at 1.8 g/t Au in the limbs.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/229444_176619bed46f5a33_004full.jpg
Figure 4: 2D Plan View, Charger drill collars over simplified geology, drill holes from this
release highlighted in red.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/229444_176619bed46f5a33_005full.jpg
Table 2: All Significant Intercepts from this Phase of Drilling at the Charger Zone.
Hole
From (m)
To (m)
Length
(m)
Au (g/t)
Ag (g/t)
Cu (ppm)
Mo (ppm)
GxM Au
Depth
(m)
Easting
Northing
RL
Azi.
Dip
OEDD0084
64.0
65.0
1.0
0.7
1.9
425
2
1
179.2
647690
1032316
472
155
-55
OEDD0084
69.0
139.0
70.0
1.2
2.3
611
2
84
including
118.0
119.0
1.0
5.4
2.0
568
1
5
and
143.0
144.0
1.0
1.0
0.5
42
1
1
OEDD0085
55.0
56.0
1.0
0.8
0.8
117
1
1
260.0
647759
1032374
471
186
-55
and
64.0
69.0
5.0
0.4
0.5
274
8
2
and
117.0
118.0
1.0
1.9
0.2
82
2
2
and
137.0
138.0
1.0
1.3
0.3
121
14
1
and
149.0
152.0
3.0
0.4
0.1
90
15
1
and
163.0
164.0
1.0
0.7
0.4
102
8
1
and
177.0
198.0
21.0
1.7
2.2
122
2
36
Including
178.0
179.0
1.0
5.6
2.8
144
2
6
and
202.0
212.0
10.0
7.8
4.8
144
3
78
Including
207.0
211.0
4.0
16.8
8.7
219
3
67
and
222.0
223.0
1.0
1.5
1.3
299
2
2
and
242.0
243.0
1.0
0.5
0.2
95
1
1
and
248.0
249.0
1.0
0.4
0.2
126
1
0
OEDD0086
81.0
82.0
1.0
0.4
0.1
58
2
0
293.0
647818
1032414
474
190
-55
and
111.0
112.0
1.0
1.5
0.2
143
3
2
OEDD0087
125.0
126.0
1.0
0.7
0.1
28
3
1
344.3
647796
1032437
476
193
-55
and
145.0
146.0
1.0
0.5
0.3
128
1
1
and
222.0
223.0
1.0
0.6
0.1
45
1
1
and
149.0
178.0
29.0
20.0
6.7
635
2
580
218.2
647710
1032176
473
13
-55
Including
149.0
157.0
8.0
39.5
20.5
2210
3
316
OEDD0099
306.0
307.0
1.0
0.7
0.1
55
1
1
554.4
647597
1031979
471
13
-55
and
343.0
344.0
1.0
0.7
0.2
49
2
1
and
349.0
354.0
5.0
0.5
0.4
112
2
3
and
372.0
373.0
1.0
0.9
0.3
160
2
1
and
422.0
425.0
3.0
0.8
1.7
50
2
2
OEDD0100
96.0
97.0
1.0
0.8
0.9
777
1
1
233.2
647735
1032201
474
13
-55
and
140.0
199.0
59.0
14.7
5.2
219
4
868
Including
143.0
164.0
21.0
22.4
7.5
123
2
470
OEDD0101
1.50
3.0
1.5
0.7
0.2
92
6
1
370.9
647514
1031999
473
13
-55
OEDD0102
4.0
5.0
1.0
0.6
0.2
53
1
1
500.3
647675
1032344
477
155
-55
and
186.0
187.0
1.0
3.8
4
and
194.0
207.0
13.0
2.7
35
and
211.0
219.0
8.0
13.3
106
and
230.0
231.0
1.0
0.7
1
Background on the Charger Zone
The Charger Zone is one of four grassroots discoveries Awalé has made on its Odienné project.
Charger is a discovery that has delivered multiple high-grade results from drilling which includes the
following high-grade intercepts in a breccia to the south of that intercepted in OEDD-83 and now OEDD-
100 (
see news releases
January 11, 2023
,
March 29, 2023
,
August 21, 2023
,
March 25, 2024
and
July 31, 2024
):
OEDD-83: 57m @ 26 g/t Au from 164m downhole
Including 32m @ 45.7 g/t Au from 165m downhole
OEDD-88: 29m @ 20 g/t Au from 149m downhole
Including 8m @ 39.5 g/t Au from 149m downhole
OEDD-84: 70m @ 1.2 g/t Au from 143m downhole
OEDD-100: 59m @ 14.7 g/t Au from 140m downhole
OEDD-85: 21m @ 1.7 g/t Au from 177m and 10m @ 7.8 g/t Au from 202m downhole
OERC-132: 32m @ 3.0 g/t Au from 74m downhole
Including 4m @ 12.4 g/t Au from 78m downhole
OEDD-45 (step back from OERC 132) contains 3 high-grade intervals within a 65m wide zone of
mineralization which included
12m @ 4.9 g/t Au from 89m downhole,
13m @ 1.3 g/t Au from 114m downhole, and
21m @ 1.3 g/t Au from 133m downhole
Hole OEDD-53 (50m step back from OEDD-45): 32m @ 1.5 g/t Au from 215m downhole
Including 3m @ 5.2g/t Au from 77m downhole
The company has also determined the true width of the breccia between holes OEDD-83 and OEDD-
100 to be over 30 metres, and the intercept in OEDD-88 being a further 25 metres away from OEDD-
100. This drilling has established a 200-metre corridor of breccia mineralization where high-grade
mineralisation is thought to be controlled by folding and hosted in the hinge zone of these folds.
Moreover, the Company has gained a clearer understanding of the unique and complex characteristics
of the Charger target, presenting an opportunity to test the fold model within the current corridor as well
as step-out and test for other parallel zones.
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 focused on the Odienné Copper-Gold Project
("
Odienné
" or the "
Project
"), covering 2,489 km
2
across seven permits. This includes 796 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")
(see May 31,
2022 news release)
.
Awalé has discovered four gold, gold-copper, and gold-copper-silver-molybdenum discoveries within the
OJV and has recently commenced exploration on its 100%-owned properties following an $11.5 million
capital raise in April 2024.
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 drill samples is being carried out at the independent Intertek Laboratories in Ghana
and Australia, 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 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 greater than
85%, passing a 75-micron screen. Two pulps are prepared from each sample with one stream to
Intertek Ghana for fire assay and a second to Australia where the sample is analyzed by 52 element
ICP/MS with an Aqua Regia digest. Blanks, duplicates, and certified reference material (standards) are
being used to monitor laboratory performance during the analysis. All fire assay samples returning
greater than 5 g/t gold are routinely Screen Fire Assayed, in this special case lower than 5g samples up
and down hole from the high-grade interval in OEDD-88 were also subject to Screen Fire Assays. As a
further QC precaution due to visible gold presence, Intertek was requested to insert a quartz wash
between each sample in the mineralized interval, ensuring no sample contamination in the preparation
process.
Mineralized Interval Calculations
Significant intervals reported in this news release are calculated downhole length weighted intercepts.
For the Charger target initial mineralized are calculated at a 0.3 g/t trigger and include internal waste of
3m for delineation mineralized zones.
Abbreviations Used in this Release
Au
Gold
g/t
Grams per tonne
km
Kilometres
m
Metres
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
Geologists (SEG). Mr. Chubb has over 20 years of experience in international mineral exploration and
mining project evaluation.
AWALÉ Resources Limited
On behalf of the Board of Directors
"Andrew Chubb"
Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Chubb, CEO
(+356) 99139117
Ardem Keshishian, VP Corporate Development & Investor Relations
+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