Awalé Hits Multiple Shallow High-Grade Intercepts, including 2.4 g/t AuEq Over 75 Meters at the Odienné Project
Awalé Hits Multiple Shallow High-Grade Intercepts, including 2.4 g/t AuEq Over 75 Meters at
the Odienné Project
HIGHLIGHTS
• 75m @ 2.4 g/t gold equivalent (Au Eq) from 242m downhole* in OEDD-74
• 44m @ 2.5 g/t Au Eq from 131m downhole* in OEDD-65
• 40m @ 1.9 g/t Au Eq from 194m downhole* in OEDD-76
• 39m @ 1.6 g/t Au Eq from 60m downhole* in OEDD-64
• Assay results from the Charger target are expected soon
• A follow-up drill program is scheduled to begin in April
Vancouver, BC, March 18, 2024, Awalé Resources Limited. (ARIC -TSX.V) (the "Company" or "Awalé") is
delighted to report significant assay results at the Odienné Project. The BBM Zone is a grassroots discovery
announced in Awale's January 11, 2024 news release . These latest holes followed up on this promising
new discovery, and the Company expects to restart drilling in April. These multiple, shallow, broad, high-
grade intercepts demonstrate the BBM zone's excellent continuity and scale potential.
All holes were mineralized and intercepted target geology. Mineralization remains open in all directions.
Andrew Chubb, CEO of Awale Resources, commented today:
"We are delighted with these assays from the follow-up program at the BBM target. The mineralization is
robust and we have now confirmed plunging high grade mineralization over 500m of strike, which remains
open in all directions. The consistently high-grade gold mineralization encountered in multiple drill holes
underscores the prospectivity of our exploration area and highlights the substantial value it holds for our
Company and stakeholders.”
The gold and copper mineralization and alteration are controlled by a shear zone that follows an
intrusive/sedimentary contact. Drilling now covers 2 km of strike along this shear zone, which sits within
a high tenor, and open 8km long geochemical gold in termitaria trend. This d rilling has been completed
on 8 sections with a minimum spacing of 150 m between sections and up to 500m step-outs to the SE and
NW (Figure 1). All holes have intercepted mineralization (Figure 2 & 3 cross sections and Figure 4-long
section). All assay results from 14 holes for 2537 m drilled at BBM have been returned.
LINK TO BBM’s OEDD-74 Drill Core Photos
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With an established robust geologic framework, the Company can progress with a targeted drilling
program to scope size potential, geological and grade continuity of the mineralization as well as test for
new parallel shoots along the 8km of open strike.
A full table of significant intercepts for the program is given in Table 1 below.
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Figure 1: BBM Location with drill area zoom on the right. Map to left shows the >8km of strike potential between the BBM and Lando targets.
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Figure 2: Drill section looking NW through A-A’ in figure 1. Red hatch shown mineralization zone
with >50m true width.
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Figure 3: Cross Section B-B’ through the Discovery line at BBM.
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Figure 4: Gram Metre Equivalent Long Section L-L’. Approximately 500m strike of high grade mineralization in initial drilling.
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Table 1: List of significant values for all drill holes at BBM
Hole From To Width AuEq
g/t Au g/t Cu_% Mo_ppm Ag_ppm EAST NORTH RL Azi Dip Hole
Depth Au_gm AuEq_gm
OEDD0059 59 103 44 1.7 1.2 0.24 230 0.9 656099 1047971 454.8 36 -51 179.2 53 75
Including 68 87 19 2.5 1.9 0.26 411 1 36 48
Including 95 99 4 3.2 1.9 0.89 218 3.3 8 13
OEDD0060 49.65 66.00 16.35 0.6 0.4 0.13 85 0.4 656370 1047683 464.9 45 -52 122 6 10
OEDD0061 25 78.1 53.1 0.9 0.5 0.27 16 1.5 655630 1048206 455.2 25 -52 155.15 27 48
Including 37.65 39.9 2.25 1.6 1.6 0.03 6 0.1 4 4
Including 53.63 54.65 1.02 3.1 2 0.75 81 5.5 2 3
and 116 117.1 1.1 1.7 1.6 0.04 2 0.7 2 2
OEDD0062 130.9 181.4 50.5 1.3 0.9 0.18 155 0.8 656075 1047938 454 37 -60 188.33 45 66
Including 157.7 160.55 2.85 2.3 1.6 0.48 78 1.7 5 7
Including 163.7 174 10.3 3.3 2.6 0.32 302 1.5 27 34
OEDD0063 175 179.3 4.3 1.6 0.7 0.64 30 1.2 655607 1048149 456 35 -55 257.3 3 7
OEDD0063 217 246 29 1 0.7 0.21 53 0.8 20 29
Including 221.64 230 8.36 2.3 1.5 0.48 63 2 13 19
OEDD0064 47 50 3 1.5 1.1 0.27 53 1.5 655979 1048060 451 35 -55 134.43 3 5
OEDD0064 60 99 39 1.6 1.1 0.30 226 0.8 41 63
OEDD0064 60 82 22 2.2 1.7 0.25 184 0.8 37 48
Including 72 74 2 6.5 5.7 0.40 355 1.7 11 13
OEDD0065 131 175 44 2.5 1.4 0.60 413 2.5 655949 1048016 450.2 35 -55 209.51 62 110
Including 134 140 6 5 3.9 0.64 371 2.5 23 30
Including 146 155 9 3.4 1.9 0.55 1063 2 17 31
OEDD0066 18 25.5 7.5 1.5 0.7 0.58 20 0.8 655512 1048297 457.3 35 -55 92.2 5 11
Including 20.5 21.5 1 2.9 2.1 0.50 90 0.9 2 3
and 75 76 1 2.4 2.4 0.01 3 0.5 2 2
OEDD0067 147.00 176.00 29.00 0.6 0.3 0.11 142.1 0.5 656325 1047619 464.5 35 -55 206.2 9 16
OEDD0068 96 192 96 0.747 0.345 0.000 41.8 1.400 655468 1048237 458.8 35 -55 239.3 33 72
85.00 93.00 8.00 0.4 0.2 0.10 16 0.4 2 3
96.00 142.00 46.00 0.7 0.3 0.24 62 1.0 13 31
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Hole From To Width AuEq
g/t Au g/t Cu_% Mo_ppm Ag_ppm EAST NORTH RL Azi Dip Hole
Depth Au_gm AuEq_gm
153.00 192.00 39.00 1.0 0.5 0.35 23 2.1 19 39
OEDD0069 55.00 87.00 32.00 0.4 0.2 0.05 153.9 0.3 656673 1047344 461.6 35 -55 113.3 8 14
OEDD0070* 91 100 10 0.14 0.12 0.10 2 0.1 655294 1048466 452.6 35 -55 110.2
OEDD0071 108.00 115.00 7.00 0.5 0.5 0.0 45 0.1 656640 1047306 460.9 35 -55 179.3 3 4
OEDD0072 110.00 112.00 2.00 0.38 0.27 0.07 143.5 8.5 657639 1045558 465.1
OEDD0073 19 56.5 37.5 1.8 0.5 0.77 344 1.7 19 68
Including 52 56 4 5 1.4 2.18 950 3.4 6 20
OEDD0074 242 317 75 2.4 1.8 0.34 267 1.2 655911 1047965 448.8 33 -58 338.21 132 181
Including 242 294 52 2.5 1.7 0.36 307 1.3 88 130
Including 272 273 1 6.3 5.6 0.46 193 2.3 6 6
Including 281 282 1 9.4 8 0.67 644 2.8 8 9
Including 300 317 17 3 2.4 0.35 235 1.2 41 51
Including 305 306 1 6.7 5.5 0.65 381 2.8 6 7
Including 308 309 1 6.3 5.2 0.69 232 2.4 5 6
OEDD0075* 72 86 14 0.33 0.1 0.15 23 0.6 655854 1048203 448 215 -55 152.3
OEDD0076 39.25 41.00 1.75 2.5 1.9 0.43 32 3.5 655766 1048079 449.8 35 -55 254.20 3 4
and 194 234 40 1.9 1.5 0.21 118 1.0 62 77
Including 219 231 12 4.7 4.0 0.36 322 1.7 48 57