Awalé Hits 5.2 g/t Gold over 15 Metres Among Multiple High-Grade Intercepts at the Empire Target, Odienné Project
Awalé Hits 5.2 g/t Gold over 15 Metres Among
Multiple High-Grade Intercepts at the Empire
Target, Odienné Project
HIGHLIGHTS
15m @ 5.2 g/t gold from 215m downhole in hole OEDD-127
16m @ 3.0 g/t gold from 44m in hole OEDD-114
19m @ 2.3 g/t gold from 76m in hole OEDD-124
39m @ 1.4 g/t gold from 97m in hole OEDD-126
Notable previous results include 15m @ 13.1 g/t gold in hole OEDD-24
Empire is a high-grade target on a 20 km-long corridor located 3 km from Charger
Toronto, Ontario--(Newsfile Corp. - May 12, 2025) -
Awalé Resources Limited (TSXV: ARIC)
("
Awalé
" or the "
Company
") is pleased to report assay results from 1,168m of diamond drilling in six
holes at the high-grade Empire target, Odienné Project ("
Odienné
" or the "
Project
") in Côte d'Ivoire.
Empire had not been drilled since 2020, and Awalé was excited to return to this highly prospective
target, located just 2.5 kilometres from the Charger discovery. These two nearby zones are part of four
discoveries made to date at the Project, underscoring its district-scale potential.
All holes intersected significant mineralization, including OEDD-127 which returned 15m @ 5.2 grams
per tonne ("g/t") gold ("Au") from 215m, including 10m @ 7.5 g/t Au from 215m. This intercept is
significant as it is located at a similar depth to hole OEDD-15 and shows the potential of further high-
grade mineralization at depth on the Empire zone.
The updated geology model also suggests that other zones may be open to the southeast. Exploration to
date has covered only 5 km of Empire's 20 km trend, with significant potential for further expansion. In
this program, the Company targeted the top 120 vertical metres to refine the structural model of the
discovery and drill hole OEDD-127 has extended down plunge mineralization to a vertical depth of
approximately 200m.
"Empire was Awalé's first high-grade gold discovery, and we're excited to resume drilling where we left
off with significant mineralization similar in nature to our previous programs in 2019 and 2020. We are
particularly happy to see the result of 5.2 g/t gold over 15 metres in OEDD-127 demonstrating that the
system remains open at depth, with our new interpretation indicating further expansion potential along
strike to the southeast. Bringing Empire back into play reinforces our confidence in the district-scale
potential of the Odienné Project," commented Andrew Chubb, CEO of Awalé Resources.
Link to All Figures
Watch CEO Andrew Chubb Discuss Empire
How Empire Fits into Odienné
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.
Background on Empire
Previous drilling highlighted below confirmed robust mineralization extending to 125m vertical depth, with
high-grade gold intercepts remaining open at depth and along strike. The Empire Main discovery is
characterized by multiphase deformation, alteration, and veining with early potassic alteration +/- Au and
pyrite, calc silicate alteration (rare garnet, clinopyroxene, and pyrrhotite), carbonate and silica sericite
alteration. The observed free gold is likely late and associated with the final silica-carbonate-sericite
phase. Prior to the Newmont exploration agreement, Awalé drilled 8,377m in 68 holes over multiple
phases at Empire.
Highlights from the previous Empire drill campaigns included:
OEDD-01:
18.15m @ 4.9 g/t Au from 40m downhole
OEDD-02:
27m @ 3.1 g/t Au from 43.2m downhole
OEDD-09:
17m @ 2.6 g/t Au from 40m downhole
OERC-21:
18m @ 3 g/t Au from 97m downhole and 2m @ 15.5 g/t Au from 111m downhole
OEDD-24:
15m @ 13.1 g/t Au from 69m downhole
OEDD-18:
11m @ 4.9 g/t Au from 40m downhole
OEDD-16:
17m @ 3.5 g/t Au from 86m downhole
OEDD-32:
22m @ 3.8 g/t Au from 92m downhole
OEDD-31:
16m @ 2 g/t Au from 45m downhole
OEDD-37
: 68m @ 2.4 g/t Au from surface (0m)
Details on Empire's previous drill results are available in news releases date
February 26, 2020
,
October 28, 2020
, and
December 15, 2020
.
Table 1: Significant intercepts and collar details for all 6 drill holes from this news release
Hole ID
From
(m)
To
(m)
Length
(m)
Au
(g/t)
Composite
Trigger
(g/t)
Easting
Northing
RL_M
Azim-True
Dip
EOH_M
OEDD0114
0
6.5
6.5
4.0
0.5
647,497
1,030,232
474
0
-55
152.35
including
3
5
2
11.6
5
14
15.5
1.5
1.1
0.5
20.5
21
0.5
0.7
0.5
35
36
1
0.6
0.5
44
60
16
3.0
0.5
including
49
54
5
5.3
5
and
53
54
1
16.1
10
77
78
1
1.0
0.5
92
93
1
12.3
0.5
OEDD0116
24
34
10
1.0
0.5
647,458
1,030,246
474
0
-55
167.24
40
62
22
1.5
0.5
including
46
51
5
3.3
2
and
46
47
1
6.4
5
and
48
49
1
7.1
5
66
68
2
1.3
0.5
OEDD0117
0
8
8
0.8
0.5
647,421
1,030,252
472
0
-55
116.23
13
14
1
0.5
0.5
19
20
1
3.4
0.5
29
30
1
5.8
0.5
35
36
1
2.7
0.5
40
41
1
0.8
0.5
47
49
2
1.4
0.5
OEDD0124
36
37
1
1.0
0.5
647,395
1,030,209
472
0
-55
209.15
55
64
9
0.6
0.5
69
70
1
0.5
0.5
76
95
19
2.3
0.5
including
83
87
4
6.1
2
and
83
84
1
18.7
5
and
93
95
2
6.6
2
and
93
94
1
9.7
5
102
103
1
1.1
0.5
109
110
1
1.1
0.5
OEDD0126
8
9.5
1.5
0.8
0.5
647,459
1,030,192
475
0
-55
230.1
42
44
2
6.6
0.5
including
43
44
1
11.6
10
50
51
1
0.5
0.5
97
136
39
1.4
0.5
including
115
132
17
2.7
2
and
119
120
1
21.7
10
145
150
5
8.3
0.5
including
145
146
1
24.4
10
and
147
148
1
13.5
10
OEDD0127
102
109
7
0.8
0.5
647,472
1,030,138
475
0
-55
293.15
118
119
1
0.7
0.5
123
124
1
0.8
0.5
144
146
2
3.0
0.5
164
165
1
0.7
0.5
175
176
1
0.5
0.5
183
191
8
0.7
0.5
201
202
1
1.4
0.5
210
211
1
0.6
0.5
215
230
15
5.2
0.5
including
215
225
10
7.5
2
and
215
216
1
27.2
10
and
220
221
1
15.6
10
237
239
2
2.3
0.5
253
267
14
0.5
0.5
271
273
2
1.7
0.5
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 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 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. Fire Assay results above 5 g/t are
routinely screen fire assayed and those results used in reported intervals. Sampled core is dominantly
NQ diameter sampled at 1 metre intervals, with HQ diameter in pre collars sampled at 0.5 to 1.5m
intervals depending on recovery. All sampling is half core.
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 0.5 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, 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 Empire holes reported in this release. True widths are estimated to be 70% 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
Au
Gold
g/t
Grams per tonne
km
Kilometres
km
2
Kilometres square
m
Metres
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.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/251674