Awalé Hits 24.9 g/t Gold over 2 Metres Within 5.1 g/t Gold over 10 Metres at Empire
Awalé Hits 24.9 g/t Gold over 2 Metres Within
5.1 g/t Gold over 10 Metres at Empire
Highlights:
Step-down drilling at Empire confirms broad, multi-zone gold mineralization to 280m vertical depth.
5.1 g/t gold over 10m from 224m, including 24.9 g/t gold over 2m (EMDD-11)
1.3 g/t gold over 11m from 198m, including 7.8 g/t gold over 1m (EMDD-11)
Near-surface resource drilling:
2.9 g/t gold over 10m from 116m (EMDD-07)
1.1 g/t gold over 19m from 23m (EMDD-03)
Mineralization open along strike and at depth across Empire's 20 km corridor, with drilling to date
covering only 5 km.
All resource drilling results now reported; initial MRE targeted for Q2 2026.
Toronto, Ontario--(Newsfile Corp. - April 21, 2026) -
Awalé Resources Limited (TSXV: ARIC)
(OTCQX: AWLRF) (FSE: 2F60)
("
Awalé
" or the "
Company
") is pleased to report drill results from the
Empire target at its Odienné Project ("
Odienné
" or the "
Project
") in Côte d'Ivoire. These results
complete the Company's 12-hole drill program at Empire with 9 of these 12 holes to be incorporated into
the initial Mineral Resource Estimate ("MRE"), targeted for release in Q2 2026.
Drill hole EMDD-11 follows-up on the previously released deep hole OEDD-127, which returned 5.2 g/t
Au over 15m from 215m downhole, including 7.5 g/t Au over 10m (
see news release dated May 12,
2025
), extending the high-grade zone down-plunge to 150m vertical depth. The Empire target will form
part of Awale's first MRE alongside BBM and Charger and is expected to contribute a potential near-
surface, open-pit component with upside expansion potential.
"This is an important result for Empire because it confirms growth beyond the current resource drilling
area. High-grade mineralization in the deepest hole drilled to date shows the system continues at depth
and potentially remains open along strike. With drilling now reported across Empire, Charger, and BBM,
we have significantly advanced the data that supports a first resource estimate for the Project in the
coming weeks. Drilling continues to test additional upside at the Charger and BBM targets, and Sienso
permit," stated Andrew Chubb, President and CEO of Awalé Resources.
Link to All Figures
Watch Video of CEO Andrew Chubb Discussing New Results from Empire
About Empire
Step-back hole EMDD-11 has not only intercepted down-plunge mineralization from previously reported
hole OEDD-127, returning a high-grade result of 2m at 24.9 g/t Au within a broader minreralized vein
and alteration zone of 10m at 5.1 g/t Au, but also intercepted hanging wall mineralization. This returned
11m at 1.3 g/t Au from 198m, including 1m at 7.8 g/t Au. This mineralization is significant and is
interpreted to represent a new zone (see cross section in Figure 4) and may be related to step south and
southeast en echelon mineralization previously reported at Empire as 'Empire Gap' (
see news release
dated September 1, 2021
).
Empire is Awalé's first discovery from the first drill program on the Odienné Project in 2019. It is a high-
grade gold discovery that sits within a 20 km WNW (west-northwest) trending structure corridor, and 2.5
km south of the Charger discovery. The Company has now demonstrated that the Odienné Project lies
within a large plumbing system where multiple discoveries have been made. Taken together, these
discoveries form the potential for a mining camp where multiple sites would feed a central processing
facility, Empire is a high-grade discovery that is part of this vision.
Ongoing Drilling and Results Pending
The Company continues to advance multiple drill programs across the Project, with results pending from:
Four exploration holes at Charger 2
Seven diamond drill holes and aircore drilling at Fremen target on the 100%-owned Sienso permit
Ongoing diamond drilling at BBM and Charger NE
Regional aircore drilling 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
(Aug/t)
EMDD0001
34.0
35.0
1.0
0.8
0.2
145.5
1.3
0.5
EMDD0002
4.6
9.6
5.0
3.5
0.3
108.0
2.6
0.2
including
7.6
9.1
1.5
10.2
0.4
89.6
2.0
5
13.0
14.0
1.0
5.0
0.2
71.2
2.6
0.2
23.0
29.0
6.0
1.4
0.3
120.2
3.4
0.2
including
23.0
24.0
1.0
6.9
1.0
161.9
4.3
0.5
75.0
78.0
3.0
0.6
0.2
142.5
2.3
0.2
EMDD0003
0.0
4.6
4.6
0.6
0.1
157.8
1.9
0.2
0.6
1.6
1.0
2.2
0.1
134.3
2.4
0.5
9.1
13.5
4.4
4.0
0.3
154.6
1.9
0.5
including
9.1
10.6
1.5
7.4
0.3
187.5
2.5
5
23.0
42.0
19.0
1.1
0.2
98.8
5.0
0.5
including
38.0
39.0
1.0
7.8
0.4
27.9
3.2
5
46.0
48.0
2.0
1.0
0.2
76.2
4.3
0.5
52.0
58.0
6.0
0.8
0.2
61.3
3.1
0.5
EMDD0004
19.0
23.0
4.0
5.2
0.7
135.5
3.0
0.5
including
19.0
20.0
1.0
18.8
2.0
183.1
2.3
5
EMDD0005
0.0
29.0
29.0
0.7
0.1
82.9
2.5
0.2
including
13.6
23.0
9.4
1.5
0.2
74.2
2.3
0.5
and
22.0
22.5
0.5
9.8
0.5
66.0
5.4
5
45.0
46.0
1.0
0.5
0.1
66.1
6.2
0.5
77.0
82.0
5.0
0.6
0.2
161.7
5.4
0.5
89.0
90.0
1.0
0.8
0.1
77.1
6.1
0.5
EMDD0006
66.0
67.0
1.0
0.9
0.2
89.6
1.3
0.5
77.0
78.0
1.0
2.1
0.2
83.0
4.1
0.5
102.0
121.0
19.0
0.4
0.1
88.3
4.2
0.2
including
114.0
117.0
3.0
1.0
0.2
82.3
4.0
0.5
125.0
133.0
8.0
0.5
0.1
104.4
2.2
0.2
including
132.0
133.0
1.0
1.5
0.1
92.9
3.5
0.5
137.0
140.0
3.0
1.8
0.3
114.9
4.3
0.2
including
138.0
139.0
1.0
4.9
0.7
177.2
3.8
0.5
148.0
160.0
12.0
1.3
0.2
126.3
2.7
0.2
including
159.0
160.0
1.0
5.3
0.2
102.9
2.4
5
167.0
178.0
11.0
0.8
0.1
98.1
5.1
0.5
182.0
183.0
1.0
1.2
0.3
53.6
2.9
0.5
EMDD0007
77.0
78.0
1.0
0.8
0.2
256.2
1.7
0.5
EMDD0007
92.0
93.0
1.0
0.8
0.1
78.5
6.9
0.5
EMDD0007
116.0
126.0
10.0
2.9
0.3
87.5
2.5
0.2
including
116.0
119.0
3.0
8.9
0.6
71.2
4.7
0.5
including
116.0
117.0
1.0
23.9
1.5
55.7
5.0
5
EMDD0007
137.0
150.0
13.0
0.5
0.1
72.6
1.7
0.2
including
137.0
138.0
1.0
2.0
0.2
103.1
0.9
0.5
186.0
187.0
1.0
0.8
0.0
67.6
0.9
0.5
190.0
191.0
1.0
0.7
0.2
210.5
1.0
0.5
194.0
195.0
1.0
0.7
0.1
65.1
6.2
0.5
201.0
205.0
4.0
0.5
0.1
58.2
5.5
0.5
209.0
213.0
4.0
1.6
0.1
52.0
3.8
0.5
220.0
221.0
1.0
2.3
0.2
71.7
2.9
0.5
EMDD0008
1.6
3.5
1.9
0.7
0.2
194.4
4.9
0.5
24.0
28.0
4.0
0.8
0.1
84.0
6.7
0.5
56.0
57.0
1.0
0.6
0.1
119.5
16.5
0.5
60.0
61.0
1.0
0.5
0.1
116.6
3.1
0.5
62.0
63.0
1.0
0.5
0.1
71.5
2.0
0.5
85.0
88.0
3.0
0.9
0.1
87.0
0.9
0.5
97.0
105.0
8.0
0.8
0.1
79.9
1.3
0.2
115.0
140.0
25.0
0.5
0.2
91.4
6.9
0.2
including
125.0
127.0
2.0
3.8
0.7
117.6
1.9
0.5
including
125.0
126.0
1.0
7.1
1.2
123.1
0.6
5
131.0
132.0
1.0
1.7
0.3
67.2
3.1
0.5
137.0
139.0
2.0
0.6
0.1
139.7
37.7
0.5
153.0
158.0
5.0
0.4
0.1
46.7
4.1
0.2
including
153.0
154.0
1.0
1.6
0.1
54.3
8.3
0.5
174.0
175.0
1.0
0.8
0.1
126.3
5.7
0.5
EMDD0010
3.5
5.0
1.5
1.5
0.3
116.3
4.4
0.5
66.0
66.5
0.5
1.0
1.2
92.0
3.5
0.5
88.0
100.0
12.0
0.6
0.1
132.5
8.1
0.2
including
90.0
95.0
5.0
0.9
0.2
173.1
11.4
0.5
and
99.0
100.0
1.0
2.1
0.1
126.7
1.8
0.5
137.0
158.0
21.0
0.5
0.1
71.9
2.6
0.2
including
137.0
138.0
1.0
1.4
0.1
62.7
4.6
0.5
and
143.0
145.0
2.0
1.2
0.1
90.1
1.6
0.5
and
151.0
158.0
7.0
0.8
0.1
68.9
2.7
0.5
184.0
195.0
11.0
0.5
0.1
73.2
2.7
0.2
184.0
188.0
4.0
1.0
0.1
66.7
2.7
0.5
207.0
209.0
2.0
1.3
0.2
107.5
11.8
0.5
229.0
236.0
7.0
1.0
0.3
104.9
3.4
0.5
EMDD0011
138.0
141.0
3.0
1.0
0.3
178.9
2.2
0.5
174.0
175.0
1.0
0.9
0.2
103.5
9.3
0.5
198.0
209.0
11.0
1.3
0.2
80.5
2.5
0.2
including
199.0
200.0
1.0
7.8
0.6
70.6
2.4
5
213.0
214.0
1.0
1.6
0.1
92.3
3.4
0.5
224.0
234.0
10.0
5.1
0.2
114.1
3.8
0.2
including
224.0
226.0
2.0
24.9
0.6
46.2
5.0
0.5
including
225.0
226.0
1.0
47.6
1.1
75.3
5.7
5
249.0
270.0
21.0
0.3
0.1
109.7
6.3
0.2
including
256.0
257.0
1.0
0.6
0.1
110.6
17.6
0.5
and
261.0
262.0
1.0
0.7
0.2
77.5
1.6
0.5
and
269.0
270.0
1.0
2.2
0.5
133.8
4.8
0.5
298.0
308.0
10.0
1.0
0.1
57.7
3.0
0.2
including
298.0
305.0
7.0
1.3
0.1
70.4
3.9
0.5
and
321.0
322.0
1.0
4.6
0.1
46.9
1.8
0.5
328.0
333.0
5.0
1.2
0.3
67.5
2.0
0.2
including
330.0
333.0
3.0
1.9
0.5
80.3
1.8
0.5
EMDD0012
209.0
213.0
4.0
0.6
0.0
0.0
0.0
0.5
275.0
290.0
15.0
0.6
0.1
36.5
1.3
0.2
including
283.0
290.0
7.0
1.0
0.1
71.5
2.4
0.5
294.0
350.0
56.0
0.8
0.2
68.9
38.8
0.2
including
322.0
323.0
1.0
6.6
0.3
65.4
16.4
5
and
345.0
350.0
5.0
1.9
0.2
65.3
20.7
0.5
including
349.0
350.0
1.0
8.8
0.5
64.7
23.3
5
EMDD0013
19.5
20.5
1.0
1.2
0.1
98.4
2.0
0.5
171.0
172.0
1.0
1.0
0.3
141.8
7.4
0.5
183.0
184.0
1.0
5.4
1.0
62.8
2.5
0.5
190.0
193.0
3.0
2.7
0.1
47.2
5.5
0.2
including
192.0
193.0
1.0
7.1
0.3
84.2
7.7
5
Table 2: Empire Drill Collar Details - (all collars from this release)
Hole ID
Easting
Northing
RL_M
Azimuth_True
Dip
EOH_M
Comments
EMDD0001
647575.3
1030224.5
476.7
360
-60
87.32
EMDD0002
647320.8
1030241.0
469.1
359
-60
84.37
EMDD0003
647543.0
1030233.2
474.6
359
-60
93.4
EMDD0004
647341.1
1030254.7
469.9
2
-60
64.4
EMDD0005
647423.9
1030247.1
471.0
359
-59
95.4
EMDD0006
647506.8
1030155.3
475.1
356
-62
252.35
EMDD0007
647447.5
1030153.2
473.8
355
-62
264.35
EMDD0008
647414.7
1030181.1
472.2
356
-62
224.3
EMDD0009
647414.2
1030151.2
472.7
356
-62
45.5
Failed Hole
EMDD0010
647414.1
1030146.0
472.6
356
-62
290.2
EMDD0011
647479.8
1030089.0
474.6
354
-63
449.27
EMDD0012
647413.9
1030075.4
472.3
354
-62
455.8
EMDD0013
647520.9
1029980.5
476.9
360
-52
261.3
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 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 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 Empire target, initial mineralized zones are calculated at a 0.2 g/t Au trigger and
include up to 3 metres of internal waste for delineating mineralized zones. Included intervals are
calculated at 0.5 g/t Au, 1 g/t Au, and 5 g/t Au trigger values, with up to 3 metres of internal waste. Table
1 and 2 contains a list of all holes reported in this release. True widths are estimated to be 75% of the
downhole widths. Holes not reported do not make the 0.2 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/293495