High Grade Gold Mineralization Extension at the Empire Gap Prospect and IOCG Style Mineralization Confirmed at the Charger Prospect
High Grade Gold Mineralization Extension at the Empire Gap Prospect and
IOCG Style Mineralization Confirmed at the Charger Prospect
Vancouver, BC, September 1, 2021 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC)
is pleased to report further results from drilling at the Empire and Charger prospects , Odienne Project,
Cote d’Ivoire (Figures 1 and 2). Final assay results have now been returned for the last 11 holes completed
(3 diamond drill holes/“DDH” and 8 Reverse Circulation/“ RC” holes for a total of 1,297m) with the
following highlights:
Empire Prospect – ‘Empire Gap’ Offset Drilling
Five RC holes and one diamond hole were drilled into a 150m lateral offset (Figure 3 and 4) from the
Empire Main discovery known as Empire Gap. This drilling has delineated a further 180m strike potential
of new, open and high grade gold mineralisation at the Empire prospect. The combined mineralized strike
length for Empire Main and Empire Gap is now approximately 400m.
Highlights
• OERC-119 – 9 metres (“m”) at 1.9 grams per tonne gold (“g/t Au”) from 139m downhole including
3m at 3.9 g/t Au from 139m . This RC hole is a 40m step -out west of previously reported hole
OERC102 – see Company News Release dated 23rd June 2021) (Figure 5)
• OERC-118 - 8m at 1.4 g/t Au from 110m downhole including 1 m at 8.4 g/t Au . This RC hole is a
40m step-out east of OERC102.
• OEDD-39. 2m at 2g/t Au from 164m downhole. This DDH is a 50 metre step back from OERC-102.
This drilling has resulted in the discovery of a new mineralized zone at Empire Gap, with drillholes OERC-
118, OERC-119 and OEDD39 all intercepting more than 50 down hole metres of the target ‘Empire Diorite’
with brittle ductile deformation and associated alteration . Holes drilled along strike east and west have
intercepted shorter intervals of diorite within a package of sheared and mineralised volcanic and mylonitic
rocks.
The mineralized shear zone defining the Empire Gold Corridor remains open down dip and along strike
and future follow up drilling is planned.
Charger Prospect
Three RC holes and 2 diamond holes were completed at Charger (Figures 6 and 7) as follow up to the
previously reported 3m at 9 g/t Au and peak copper value of 0.71% (handheld pXRF results) in hole OERC-
89 (see Company News Releases dated June 14, June 30, and July 22 2021). The Charger prospect is
interpreted by the Company to have all the hallmarks of Iron Oxide Copper Gold “IOCG” systems with
strong hematite and magnetite alteration being associated with the gold and copper mineralization.
Highlights
• OEDD-38 - 6m at 0.3 g/t Au from 24m downhole. Mineralized interval is hosted within a hematite
breccia at equivalent position as OERC-89 (See section in Figure 7), and
o 4m at 1.1 g/t Au from 50m downhole.
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• OERC-124 1m at 1.1 g/t Au from 51m downhole within a 40-metre-wide hematite alteration zone
The IOCG style mineraliz ation at Charger is now interpreted to tie in with district scale copper and
base metal anomalism identified by Awale within the Odienné Project area (Figure 2). Approximately
3 km north of the Charger discovery lies a >5 km long Cu -Au soil anomaly with impressive Cu values
up to 0.18% and known as the Sceptre Target. This anomaly was delineated using a combination of
Company and former Randgold Resources (now Barrick) legacy data sourced by the company (see
release dated August 10th 2021)
See Figures :
http://www.awaleresources.com/_resources/maps/2021_08_24_Figures_Empire_Drilling_Update_Final.pdf
Company CEO Glen Parsons commented today:
“Follow up drilling has now confirmed at least 180m of new, open mineralisation on an offset
extension to the Empire Main mineralisation. There are very few holes in this new zone and most
have returned encouraging results with high- grade gold, ‘Empire styl e’ mineralisation and
alteration. Follow up drilling is planned as we now chase the Empire Corridor style as well as the
exciting new Charger style mineralization.
Following the discovery at Charger we continue to explore and develop the potential of IOCG
systems within the Odienné project. As previously reported, strong copper anomalism exists to the
north of the Empire Corridor with a significant 5km copper with gold anomaly at the “Sceptre
Prospect” advancing to drill ready status.
The 4th Quarter will be a productive one for Awale, geochemical sampling is currently underway
over the greater Charger prospect area as well as the new Sceptre target. This work will be
complemented with permit wide Aerial Magnetic and radiometric surveys planned for Q4 2021 as
well as ground gravity surveys over the Charger prospect. These works will culminate with Q4
drilling of the new targets at Sceptre and Sceptre East as well as follow up drilling at the Charger
prospect and the Empire Corridor.”
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Table 1: All Significant Intercepts from this Charger and Empire Offset Program (Gap Targets)
HOLEID East North RL Dip Azi EOH From To Length Au g/t Prospect
OEDD0038 647,791 1,032,306 468 -50 292 57.4 4.1 4.2 1.1 0.2 Charger
OEDD0038
15.5 18 2.5 0.3 Charger
OEDD0038 22 23 1 0.2 Charger
OEDD0038 24 30 6 0.3 Charger
OEDD0038 50 54 4 1.1 Charger
OEDD0039 647,561 1,029,980 478 -52 360 219 164 166 2 2.0 Gap
OEDD0039
176 177 1 0.5 Gap
OEDD0039 183 185 2 0.5 Gap
OEDD0040 647,755 1,032,249 472 -54 18 135 0 1.4 1.4 0.3 Charger
OEDD0040 40 42 2 0.5 Charger
OERC0118 647,595 1,030,028 479 -53 360 160 39 40 1 0.3 Gap
OERC0118
41 42 1 0.2 Gap
OERC0118 46 48 2 0.2 Gap
OERC0118 51 53 2 0.8 Gap
OERC0118 80 81 1 0.2 Gap
OERC0118 89 90 1 3.8 Gap
OERC0118 93 94 1 0.6 Gap
OERC0118 99 100 1 0.2 Gap
OERC0118 103 104 1 0.3 Gap
OERC0118 110 118 8 1.4 Gap
OERC0118 Including 116 118 2 4.5
OERC0118 129 134 5 0.8 Gap
OERC0119 647,521 1,030,025 477 -52 360 160 27 28 1 0.3 Gap
OERC0119
78 80 2 1.2 Gap
OERC0119 99 100 1 0.3 Gap
OERC0119 105 106 1 1.9 Gap
OERC0119 110 111 1 0.2 Gap
OERC0119 123 124 1 0.2 Gap
OERC0119 128 131 3 0.3 Gap
OERC0119 136 137 1 0.3 Gap
OERC0119 139 148 9 1.9 Gap
OERC0119 Including 139 142 3 3.9 Gap
OERC0120 647,655 1,030,163 479 -52 180 163 45 46 1 0.3 Gap
OERC0120
61 62 1 0.2 Gap
OERC0120 65 69 4 1.0 Gap
OERC0120 75 76 1 0.3 Gap
OERC0121 647,481 1,030,026 475 -52 360 160 37 39 2 0.6 Gap
OERC0121
114 116 2 0.3 Gap
OERC0121 117 119 2 0.2 Gap
OERC0122 647,561 1,029,980 478 -52 360 41.8 Failed Hole - No Significant Values
OERC0123 647,882 1,032,266 466 -55 292 84 3 4 1 0.7 Gap
OERC0123
53 54 1 0.5 Charger
OERC0123 57 59 2 0.3 Charger
OERC0123 61 62 1 0.2 Charger
OERC0123 63 68 5 0.5 Charger
OERC0123 70 71 1 0.4 Charger
OERC0124 647,781 1,032,340 469 -54 198 100 46 47 1 0.4 Charger
OERC0124 51 54 3 0.6 Charger
* Significant Intercepts calculated using a 0.2 g/t Au trigger value and include 2m of internal waste. No High Cuts .
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Quality Control and Assurance
Analytical work for auger geochemical samples is being carried out at the independent Intertek
Laboratories Australia Ltd. an ISO 17025 (2017) Certified Laboratory. Samples are stored at the Company’s
field camps and put into sealed bags until collected by Intertek from the Company’s secure Bondoukou or
Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Cote d’Ivoire
for preparation. Samples are logged in the tracking system, weighed, dried and pulverized to better than
85%, passing a 75 -micron screen, this pulp sample is then shipped to Ghana where a 50g charge is Fire
Assayed with an AAS 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 an Economic Geology degree, is a Member
of the Australian Institute of Geoscientists ( AIG) and is a Member of the Society of Economic Geologists
(SEG). Mr Chubb has 18 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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