Awalé Hits 24.8 g/t Gold over 5 Metres within 18.9 g/t Gold over 7 Metres at Charger
Awalé Hits 24.8 g/t Gold over 5 Metres within
18.9 g/t Gold over 7 Metres at Charger
Highlights:
Significant intercepts at Charger 1 include:
18.9 g/t gold over 7m from 292m, including 24.8 g/t gold over 5m (CHDD-20)
9.2 g/t gold over 7m from 310m, including 14.7 g/t gold over 4m & 11.7 g/t gold over 4m
(CHDD-13)
Results confirm and extend high-grade gold mineralization through depths of 300m below surface.
Four diamond drill holes at Charger 2 have been completed and are in the reporting pipeline.
Empire resource drilling results to be released shortly.
Toronto, Ontario--(Newsfile Corp. - April 14, 2026) -
Awalé Resources Limited (TSXV: ARIC)
(OTCQX: AWLRF) (FSE: 2F60)
("
Awalé
" or the "
Company
") is pleased to announce new step-down
drilling results from the Charger target at its Odienné Project ("
Odienné
" or the "
Project
") in Côte
d'Ivoire. The results build on those reported on
January 29, 2026
and
March 31 2026
, and continue to
demonstrate strong down-plunge continuity of the high-grade mineralization at Charger 1, supporting its
potential for future underground resource growth (see Figures 2 and 3).
"These latest results further demonstrate the continuity of high-grade gold mineralization within the
breccia and vein system at Charger, reinforcing its potential as a robust emerging underground target.
With all 17 holes from the Charger program now reported, we are building strong confidence in the
continuity of the Charger 1 system and its potential for further growth along strike and at depth, as we
advance toward an initial Mineral Resource Estimate targeted in Q2 2026," stated Andrew Chubb,
President and CEO of Awalé Resources.
Link to All Figures
Watch Video of CEO Andrew Chubb Discussing New Results from Charger
Link to Core Photos
Charger Step-Down Drilling
These results complete the 17-hole resource drilling program supporting the Company's initial MRE in
Q2 2026, which will include the BBM, Charger, and Empire targets. The program successfully tested the
down-plunge continuity of the high-grade Charger 1 system to depths of 400 metres below surface.
The reported holes in this release, together with those reported on
March 31 2026
are approximately
250 metres down-plunge from the original discovery hole at Charger (OEDD-83), which returned 57
metres at 26 g/t gold (
see March 25, 2024 news release
).
CHDD-14 and CHDD-17 were drilled a further 40 and 80 metres down-plunge from CHDD-03,
which returned 52.8 g/t gold over 9 metres (
see January 29, 2026 news release
).
CHDD-20 expands mineralization up-plunge from CHDD-03 in what was previously a lower grade
gap.
Follow-up drilling will test Charger to at least 600 metres vertical depth, while also stepping out to the
northeast and southwest to evaluate potential strike extensions and additional mineralized zones.
Ongoing Drilling and Results Pending - BBM, Charger 2, and Empire
The Company will soon report results from four additional exploration holes at Charger 2, as well as the
remaining twelve (12) holes from the Empire MRE drill program. Diamond drilling also continues at
BBM, targeting new exploration and expansion zones, alongside a broad aircore drilling program testing
multiple greenfields targets across the Odienné East and Odienné West permits.
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 currently
manages all exploration activities over the OJV, with funding currently provided by Newmont Ventures
Limited ("Newmont") under an Exploration Agreement signed in May 2022.
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.
Table 1: Significant Intercepts from Diamond Drilling - (from this release)
Hole ID
From
(m)
To
(m)
Length
(m)
Au
(g/t)
Ag
(g/t)
Cu
(ppm)
Mo
(ppm)
Composite
Trigger
(Au g/t)
CHDD0005
279
280
1.00
1.1
0.1
57.6
3
0.5
342
343
1.00
0.6
0.2
171.2
2
0.5
378
380
2.00
0.7
0.7
68.5
2
0.5
399
400
1.00
0.5
0.4
63.9
1
0.5
416
417
1.00
0.6
0.4
238.8
3
0.5
CHDD0006
351
352
1.00
2.0
7.5
69.3
3
0.5
367
368
1.00
4.6
5.6
96.2
3
0.5
383
386
3.00
0.9
0.6
101.8
2
0.5
432
433
1.00
1.2
1.0
129.2
4
0.5
439
440
1.00
0.6
0.9
106.1
2
0.5
CHDD0008
307
308
1.00
0.5
0.2
108.3
1
0.5
332
333
1.00
1.4
0.7
121.6
2
0.5
384
385
1.00
1.1
0.5
64.2
2
0.5
390
391
1.00
1.4
1.5
95.1
4
0.5
400
401
1.00
1.7
0.5
92.7
10
0.5
413
414
1.00
2.2
3.8
164.7
7
0.5
CHDD0009
234
235
1.00
0.9
0.2
65.0
2
0.5
291
292
1.00
1.4
0.2
150.9
2
0.5
361
362
1.00
0.9
0.2
60.1
1
0.5
365
366
1.00
0.5
1.1
385.7
2
0.5
CHDD0013
301
303
2.00
0.9
ICP Results Pending
0.5
310
317
7.00
9.2
0.5
including
310
314
4.00
14.7
5.0
327
331
4.00
11.7
0.5
339
340
1.00
1.1
0.5
345
346
1.00
1.3
0.5
360
363
3.00
9.0
0.5
including
361
363
2.00
13.1
5.0
388
389
1.00
0.8
0.5
CHDD0019
306
307
1.00
0.6
0.1
103.5
4
0.5
314
315
1.00
2.3
0.3
168.3
6
0.5
354
355
1.00
1.1
0.2
51.5
2
0.5
CHDD0020
241
242
1.00
0.7
0.2
72.1
25
0.5
292
299
7.00
18.9
3.7
50.3
2
0.5
including
293
298
5.00
24.8
4.7
50.3
2
10.0
308
310
2.00
3.1
0.8
61.8
2
0.5
316
321
5.00
3.0
0.6
262.8
6
0.5
325
326
1.00
1.2
0.2
71.7
1
0.5
Table 2: Charger Drill Collar Details - (all collars from this release)
Hole ID
Easting
Northing
RL_M
Azimuth_True
Dip
EOH_M
Comment
CHDD0005
647828.0
1032078.5
466.7
306.9
-58.7
473.09
CHDD0006
647852.1
1032110.2
466.4
307.0
-58.6
473.50
CHDD0008
647839.1
1032095.7
466.5
306.7
-58.7
473.70
CHDD0009
647811.7
1032068.5
467.2
306.6
-58.7
488.20
CHDD0011
647845.8
1032130.8
467.1
307.5
-58.3
173.15
Failed Hole
CHDD0012
647852.6
1032072.1
465.5
307.6
-58.2
165.25
Failed Hole
CHDD0013
647838.7
1032130.7
467.4
307.5
-58.4
443.15
CHDD0016
647857.0
1032048.1
464.4
304.8
-59.7
67.60
Failed Hole
CHDD0018
647820.3
1032047.9
466.3
306.0
-59.1
40.17
Failed Hole
CHDD0019
647881.9
1032075.1
464.2
304.9
-59.9
578.34
CHDD0020
647870.3
1032154.7
466.3
307.0
-57.0
441.70
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 Certified Laboratory. Samples are prepared and 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 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
Intertek Ghana for fire assay and a second to Australia 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, samples over 5 g/t gold are routinely screen fire assayed, samples lower
than 5 g/t gold 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 2 g/t Au, 5 g/t Au, and 10 g/t Au trigger values, with up to 3 metres of internal waste. Table 2
contains a list of all Charger holes reported in this release. True widths are estimated to be 70% of the
downhole widths. Holes not reported do not make the 0.5 g/t Au grade trigger.
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
MRE
Mineral Resource
Estimate
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) 99139117
Ardem Keshishian, VP Corporate Development
+1 (416) 471-5463
The Company's public documents may be accessed at
www.sedarplus.ca
. For further information on the
Company, please visit our website at
www.awaleresources.com
.
Forward-Looking Information
This news 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, propose, potential, 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
news 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, timing and extent of planned drilling, expectations
to achieve a first mineral resource estimate and preliminary economic assessment, advancing
towards a pre-feasibility study, potential for new discoveries, timing for providing assay results,
commencement of operations. Although the Company believes any forward-looking statements in this
news 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, the results of the proposed drilling
programs, the number of drilling rigs on site, 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 and that the
proposed drilling program will proceed as planned. 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/292284