ARIC.V · 2025-02-18 12:00:00

Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

Drill Results

Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at

the BBM Zone, Odienné Project

HIGHLIGHTS

29m @ 2.2 grams per tonne ("g/t") gold equivalent ("AuEq."), including 10m @ 2.8 g/t

AuEq. from 93m downhole in OEDD-105.

28m @ 1.3 g/t AuEq., including 5m @ 1.8 g/t AuEq. from 256m downhole in OEDD-108.

Drilling continues to demonstrate excellent continuity over significant width and gold

tenor.

A total of 6,380m of drilling was completed across 22 holes and one re-entry hole,

marking the completion of this phase at BBM.

Drilling continues at the Fremen, Charger, and Empire targets.

Toronto, Ontario--(Newsfile Corp. - February 18, 2025) -

Awalé Resources Limited (TSXV: ARIC)

Awalé

" or the "

Company

") is pleased to report results from two diamond drill holes completed as part

of the expanded drill campaign targeting the BBM zone at the Odienné Project ("

Odienné

" or the

Project

") in Côte d'Ivoire. The drill program, which began in November 2024, is now complete with

6,379.9m drilled, with assays from 18 holes yet to be released. Drillholes OEDD-105 and OEDD-108

were drilled within the previously reported central mineralized zone, where the Company is tightening drill

spacing to a 100m grid (see drill plans and sections in the link below).

"Building on the success of our previously released results, we are pleased to announce further excellent

drill results from BBM. The two holes reported today, along with those released on January 29, have

returned results in line with our expectations, with robust gold and copper mineralization demonstrating

consistency in both width and grade. These results reinforce the continuity of mineralization at BBM and

support its potential as a near-surface resource.

The drill program at the BBM target was extended after step-out holes from the core zone encountered

sulfide mineralization and alteration, giving the Company reason to believe that further drilling could

unlock substantial growth potential along strike to the southeast and northwest. To expedite progress, a

second diamond rig was deployed, enabling us to test the fold model at the Charger target and resume

drilling at the Empire target without delay from the extended program at BBM. Additionally, we are

actively progressing the Induced Polarization ("IP") geophysics program along the BBM trend and

reverse circulation ("RC") drilling over the 100%-owned Fremen target. This increased level of activity is

expected to yield a steady flow of results to the market throughout this quarter and beyond," commented

Andrew Chubb, CEO of Awalé Resources.

Link to All Figures

View Video of CEO Andrew Chubb Discussing Results

Drilling is ongoing at Fremen, Charger, and Empire

Further to the completion of 6,379.9m of drilling across 22 holes and one re-entry hole at BBM, the

Company continues drilling at Fremen, Charger, and Empire.

Fremen -

2,000m of RC drilling at this 100%-owned Awalé target, 4km along strike from BBM

(

see February 11, 2025 news release

Charger -

2,000m of diamond drilling planned in 10 holes, testing the fold model, which has

previously returned 57m @ 26 g/t Au in hole OEDD-83 and 59m @14.7 g/t Au in OEDD-100.

Empire -

1,000m of diamond drilling planned in 6 holes, targeting the top 120 vertical metres to

increase confidence in the structural model. Awalé's first high-grade gold discovery, with previous

results including 15m @ 13.1 g/t Au in hole OEDD-24.

A full table of significant intercepts from this release, with drill collar locations for all drilling in this phase

at BBM are presented in Table 1 and Table 2, respectively.

Table 1: Significant Intercepts - (from this release)

Hole ID

From

(m)

Width

(m)

(g/t)

(%)

(g/t)

(ppm)

AuEq.

(80%)

Comp.

Trigger

(Au g/t)

OEDD0105

0.6

0.37

2.4

591

1.2

0.2

Including

34.5

1.5

1.1

0.68

4.5

1176

2.3

0.5

OEDD0105

0.4

0.09

0.4

0.2

including

0.9

0.13

0.6

0.9

0.5

OEDD0105

0.4

0.06

0.2

708

0.8

0.2

including

1.1

0.02

0.1

0.9

0.5

OEDD0105

123

1.4

0.68

2.4

471

2.1

0.2

including

122

1.4

0.70

2.5

486

2.2

0.5

and

109

1.9

0.63

2.1

560

2.6

1.0

and

103

2.4

0.54

1.8

511

2.8

2.0

OEDD0108

139

140

0.5

0.01

0.1

0.4

0.2

OEDD0108

211

220

0.3

0.17

0.7

123

0.5

0.2

OEDD0108

255

286

1.1

0.22

0.9

135

1.2

0.2

Including

256

284

1.2

0.23

1.0

147

1.3

0.5

and

264

284

1.5

0.25

1.0

158

1.5

1.0

and

279

284

2.2

0.03

0.3

1.8

2.0

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 focused on the Odienné Copper-Gold Project

Odienné

" or the "

Project

"), covering 2,489 km

across seven permits. This includes 796 km

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 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.

Table 2: BBM Drilling Collar Cable - (all collars from this program)

Hole ID

Easting

Northing

RL_M

AZIM_TRUE

DIP

EOH_M

Results

Received

Comments

OEDD0103

655899

1048090

450

-55

197.43

✓

OEDD0104

655737

1048029

451

-55

452.3

✓

OEDD0105

656034

1048010

454

-55

182.17

✓

OEDD0106

655947

1047877

453

-55

434.3

OEDD0107

656024

1047863

455

-55

30.5

Failed Hole

OEDD0108

656027

1047867

453

-55

338.2

✓

OEDD0109

655999

1047787

455

-55

411.13

OEDD0110

656075

1047766

457

-55

380

OEDD0111

656179

1047907

457

-55

155.1

OEDD0112

656248

1047824

461

-55

140.2

OEDD0113

656157

1047726

460

-56

320.2

OEDD0115

656118

1047645

460

-55

431.29

OEDD0119

655870

1048027

448

-55

341.6

OEDD0122

655737

1048132

451

-55

245.2

OEDD0123

656299

1047755

462

-55

140.15

OEDD0125

656253

1047682

462

-55

251

OEDD0128

655693

1048160

453

-55

275.74

OEDD0129

656211

1047615

448

-55

341.15

OEDD0130

655650

1048106

433

-55

107.2

OEDD0131

655823

1048362

419

215

-55

360.2

OEDD0132

655566

1048098

424

-55

422.2

OEDD0133

655546

1048192

442

-55

332.1

OEDD0076

655766

1048079

450

-55

344.76

90.56m

re-entry

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 Intertek 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 Intertek 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.

Mineralized Interval Calculations

Significant intervals reported in this news release are calculated as downhole length-weighted

intercepts. For the BBM target, initial mineralized zones are calculated at a 0.2 g/t trigger and include up

to 3 metres of internal waste for delineating mineralized zones. Included intervals are calculated at 0.5

g/t, 1 g/t, and 2 g/t trigger values, with up to 3 metres of internal waste. Table 1 contains a list of all BBM

holes reported in this release. True widths are estimated to be 70% of the downhole widths.

Au Equivalent Calculations

Au Equivalent is calculated using the following parameters in USD: Au - 1910/Oz (Troy), Cu 3.80/lb, Mo

40,000/Tonne, and Ag 23.40/Oz (Troy). The Formula AuEq = Au (g/t) + ((Cu (ppm) * 0.00014) + (Mo

(ppm) * 0.00065) + (Ag (g/t)*0.01225)). An 80% metallurgical recovery is assumed for all metals, as the

specific recovery rates for individual metals are unclear, and assuming different recoveries would be

premature at this stage.

Abbreviations Used in this Release

Silver

Gold

AuEq.

Gold Equivalent

Copper

g/t

Grams per tonne

Kilometres

Metres

Molybdenum

ppm

Parts per million

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.

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

[email protected]

Ardem Keshishian, VP Corporate Development

+1 (416) 471-5463

[email protected]

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/241269

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