New Gold Targets Identified at the Bondoukou Project, Cote d’Ivoire.
New Gold Targets Identified at the Bondoukou Project, Cote d’Ivoire.
Vancouver, BC, February 4,2020 - Awalé Resources Limited (“ Awalé” or the “Company”) (TSXV:
ARIC) is pleased to announce the delineation, from a 12km2 soil sampling program, of two new
3km long gold targets along the previously untested Samanda Trend at the Bondoukou project in
Cote d’Ivoire (Figures 1 and 2).
The Samanda targets contain greater than 10ppb gold (“Au”) soil anomalies with >40ppb Au cores
and a peak value of 4,297 ppb Au*. The anomalies within the sampling area follow a high strain
contact between granite/granodiorite to the west and volcanic rocks to the east as seen in Figure
3. Brecciation and quartz veining , has developed along the high strain contacts. Together these
anomalies are equivalent in scale and tenor to the Fako auger anomalies along the Awari Shear
where the company returned significant trench and drill results (Fako was a 6km long 10 ppb
anomaly with consistent >50ppb cores).
These new 3km long targets continue to highlight the potential and scale of the Bondoukou
project, and complimenting the additional previously defined 40km east west Awari Shear zone
anomalies.
LINK VIEW ATTACHED FIGURES:
http://www.awaleresources.com/_resources/maps/New_Gold_Targets_Identified_at_the_Bondoukou_Project.
*Descriptive Statistics from sampling for Gold in soils.
Au ppb Au ppb
Number Samples 746 Percentile80 12
Minimum 0 Percentile90 21
Maximum 4297 Percentile95 40
Mean 17.7 Percentile98 84
Median 5 Percentile99 182
These strong first pass anomalies warrant further work and an infill sampling program has
commenced over the 2 new target areas. It is expected that the Samanda targets will now
progress rapidly toward trenching and drilling.
CEO Glen Parsons commented today:
“Whilst the ongoing drilling at our Empire discovery at Odienné remains our priority, our field
teams also continue to successfully advance drill target generation activities at the Bondoukou
project, with the aim of developing multiple drill targets for testing later this year.
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Further to the work being completed at Samanda, a planned 7000m first pass auger program has
commenced over the Kodio Trend. We look forward to continue releasing results from drilling
and these exciting new prospect areas at Bondoukou in the ensuing weeks.”
Background
The Samanda prospect is one of the twelve priority target areas that were defined at the Bondoukou
Project through Awale’s 2017 regional reconnaissance exploration program. Samanda is characterized by
the highest order (up to 20.2ppb Au) BLEG (silt sample) stream gold anomalies within the entire
Bondoukou project area. The table below includes summary statistics for the silt samples collected from
the Samanda prospect , these are con sistently high order anomalies for this style of sampling and are
distributed along the granitoid contact zone . The contact zone has now been mapped as granit e to the
west and a mafic to Intermediate volcanic package to the east.
BLEG Stream summary statistics from the Samanda prospect.
Au ppb Au ppb
Number Samples 11 Percentile80 10
Minimum 2.9 Percentile90 17
Maximum 20.2 Percentile95 19
Mean 8.1 Percentile98 19
Median 5 Percentile99 19
This interpreted contact along with gold in stream anomalism and the structural interpretation of the
aerial magnetic data collected by the company led to the broad scale first pass soils program at the
Samanda prospect covering approximately 9 strike kilometres (figure 3).
Structures in the magnetics at Samanda are dominated by NNE and NE trending lineaments in a typical C-
S sinistral shear array, which is supported by the current field studies. NNE trending lineaments are
interpreted as zones of transpressive sinistral shears and/or mylonitization, while ENE lineaments
represent oblique sinistral shears. Locally quartz veining and brecciation has been observed at the contact
between the Granite body and the volcanics, develop ed around NNE and NNW trending shears and
mylonites. Observed in situ mineralisation observed in some of these localities is hosted in strongly
oxidised and laminated quartz veins at Samanda West (see figure 3, 6.2 g/t Au).
Rock chip samples collected during the course of the mapping and soil sampling program and
have returned values up to 16.2 grams/tonne gold (g/t Au), other rock samples collected returned
have also returned high order values of 0.9 g/t Au g/t Au,1.3 g/t Au, 2.2 g/t Au, and 6.9 g/t Au.
(Note: rock chip sampling is not necessarily representative of mineralisation at the prospect, it
does however indicate presence of gold mineralisation along the Samanda Trend).
Quality Control and Assurance
Analytical work for ge ochemical samples and rock chip 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 C ompany’s secure
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Bondoukou office and transported by Intertek to their laboratory in Tarkwa, Ghana for preparation and ,
subsequently the samples are shipped by Intertek to their Australian laboratory for analysis. 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 Australia where 10 -gram split is analysed by ICP/MS with an
Aqua Regia digest . 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 with Honours,
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 min ing
project evaluation.
End
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