Awalé Resources Commences 3,000 metre Drill Program at the Odienné Gold Project, Côte d’Ivoire.
Awalé Resources Commences 3,000 metre Drill Program at the Odienné Gold Project, Côte
d’Ivoire.
Vancouver, BC, November 4, 2019 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC)
is pleased to report that drilling has commenced at the 90% owned Odienné Gold Project in Cote d’Ivoire
(Figure 1). The 3,000m drill program will be completed over the Empire and Vakaba gold prospects (see
Company News Release dated 8th July 2019), and will include a combination of diamond and reverse
circulation (“RC”) drilling. The program has now commenced at the Empire prospect, where 2 ,000m of
the budgeted metres are currently expected to be drilled.
Highlights
Empire - The Empire prospect represents a compelling orogenic shear zone -hosted gold target with
favourable geology and coincident gold/arsenic geochemistry and ground geophysical (Induced
Polarisation or IP) anomalies. The high order soil anomalism coincides with a mapped mylonite bearing
structure that has been intruded by a later diorite body. The resistive chargeable anomaly likely indicates
coincident silicification and sulphidation of the diorite and conforms with both the soil anomalism and the
mapped structure. Rock chip samples taken from quartz veins on the prospect have returned up to 65
grams/tonne (“g/t”) gold* (“Au”) and a channel sample in altered wall rock has returned 8m at 0.7 g/t
Au including 2m at 3.17g/t Au and 2m at 1.57 g/t Au.
The soil sampling completed by the Company forms a 2km long, 50+ppb gold anomaly which includes a
200m long core containing 200+ppb gold. Artisanal mining activities commenced at Empire some months
after the completion and reporting of the of the soil program. The main pit opened by these artisanal
workers ( Figure 2) does not cover either the best soil anomalism or the best resistive chargeable IP
anomaly. This also demonstrates the potential for wide shear zone hosted gold mineralisation in a classic
Birimian gold setting.
Vakaba – The target mineralization at Vakaba is high grade gold hosted in quartz tourmaline veins at a
granite/intermediate volcanic contact. A series of veins have opened oblique to the NNE trending faulted
contact between the granite and volcanic rocks, the veins are dominantly oriented NW with a subordinate
NE orientation. Gold hosted in the quartz tourmaline veins have returned results of up to 111.5 g/t gold
and a n average grade of 6 samples of quartz material from the artisanal orpaillage pits and outcrop
returned 24.6 g/t Au*.
Deep artisanal pits and a trench have been opened by artisanal workers along a NW quartz -tourmaline
bearing structure in the central part of the prospect ( Figure 3), a channel sample along the wall of the
costean returned 14m of wall-rock alteration at 1.14 g/t Au, with included values of 1m at 2g/t Au, 4.4
g/t Au, and 1.9 g/t Au from 1, 2, and 5 metres respectively . The same structure is clear in the induced
polarisation surveys completed in May 2019, as well as revealing a major structural confluence at this
location with NW/NE chargeable resistive structures meeting at the granite/volcanic contact. This
confluence is a compelling target for the planned maiden drill program at the Vakaba prospect.
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*Rock chip samples are taken to understand which structures and veins are mineralised at a prospect and contribute to underst anding the
geometry and nature of mineralisation, while they provide an insight to tenor of mineralisation, they do not represent a true indication of the
overall grade of a prospect
** This channel sample is parallel to the strike of mineralisation and is an indication of wall rock/hanging wall mineralisation, it does not represent
true width.
Link to Figures: http://www.awaleresources.com/_resources/maps/Odienne-Commences-Drilling.pdf
CEO Glen Parsons commented today:
“We are excited to announce the commencement of our maiden drilling program at Odienné in the north
west. Both the Empire and Vakaba prospects are untested drill targets and which have developed into
excellent gold targets following results from our systematic work programs.
As an update planned drill targeting work at Bondoukou will be commencing soon in the North East once
access becomes manageable, with abating rains, and this will ultimately lead to scout drilling in the New
Year.
I look forward to announcing drill results from Odienné in the near future as they become available.”
Quality Control and Assurance
Analytical work for geochemical samples and rock chip samples is being carried out at the independent
Intertek Laboratories Ghana Ltd. an ISO 17025 Certified Laboratory. Samples are stored at the company’s
field camps and put into sealed bags, they are transported to the companies Bondoukou office where they
are stored securely until collected by Intertek for transportation to Ghana . Samples are logged in the
tracking system, weighed, dried and finely crushed to better than 70%, passing a 2 mm screen. A split of
up to 1,000 g is taken and pulverized to better than 85%, passing a 75-micron screen, and a 50-gram split
is analyzed by fire assay or Aqua Regia with an AA S finish. Blanks, duplicates and certified reference
material (standards) are being used to monitor laboratory performance during the analysis.
ON BEHALF OF THE BOARD
AWALE RESOURCES LIMITED.
“Glen Parsons”
Glen Parsons, President and CEO
For additional information you are invited to visit the Awalé Resources Limited website at
www.awaleresources.com, or contact Karen Davies, Head of Investor Relations at Tel: 604.314.6270
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 Operating Officer and holds a Economic Geology degree, is a Member
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of the Australian Institute of Geoscientists (AIG), and is a Member of the Society of Economic Geologists
(SEG). Mr Chubb has 17 years of experience in international minerals exploration and mining project
evaluation.
End
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Readers
are cautioned not to place undue reliance on forward -looking information. Actual results and developments may
differ materially from those contemplated by such information. The statements in this news release are made as of
the date hereof. The Company undertakes no obligat ion to update forward-looking information except as required
by applicable law.
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