The Bondoukou Project Continues to Deliver New Gold Targets in Côte d’Ivoire.
The Bondoukou Project Continues to Deliver New Gold Targets in Côte d’Ivoire.
Vancouver, BC, May 13, 2020 Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC)
is pleased to announce the delineation of the ‘Kodio Trend’ , a new 17.5 km long gold in soil
anomaly at the Bondoukou Project (figures 1 and 2).
The Kodio trend (figure 3) includes multiple >50ppb gold cores up to several kilometres long over
the entire length of the anomaly. The trend lies open toward the northwest and contains a peak
gold value of 476ppb*.
The recently completed first pass 8383 meter 1819 hole auger program was drilled on a 640m
line spacing with 50 metres between holes. The broad spaced program was designed as first pass
testing of the southern half of the NNW striking Kodio trend. Anomalous stream BLEG samples
and mapping along the structure uncovered active artisanal workings along a major lithological
boundary, which suggested a fertile gold bearing structure. This drilling has confirmed the model
and the Company is ready to to follow up these anomalies with further infill auger drilling at the
end of May.
LINK FOR ATTACHED FIGURES : https://www.awaleresources.com/_resources/maps/Auger-Anomalies-at-
Kodio-Trend-Figures.pdf
CEO Glen Parsons commented today:
“Awale Resources field programs at Bondoukou continue to successfully advance drill target
generation at the project, with the aim of developing multiple drill targets for testing later this
year.
Despite the Covid 19 hurdles faced, the Company is incredibly pleased to deliver these results from
Kodio. The team ’s work continues to substantiate the potential for the Bondoukou project to
deliver multiple new gold discoveries in this underexplored region of northeast Côte d’Ivoire”
*Descriptive Statistics from sampling for gold (‘Au’) in auger drilling.
Au ppb Au ppb
Number of
Samples 1819 Percentile80 5
Minimum 0 Percentile90 8
Maximum 476 Percentile95 15
Mean 5 Percentile98 32
Median 2 Percentile99 52
2
Quality Control and Assurance
Analytical work for geochemical 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
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 Austra lia 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.
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.
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
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 obligation to update forward- looking information except as required
by applicable law.
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3
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