Awalé Resources (TSX.V: ARIC)
Reported results from the first two diamond drill holes completed as part of an expanded drill campaign targeting the BBM zone at the Odienné Project in the Ivory Coast.
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| Awale Resources | TSX.V : ARIC | |
| Stage | Exploration / Development | |
| Metals | Gold | |
| Market cap | C$41 m @ 47 cents | |
| Location | Ivoey Coast, West Africa | |
| Website | https://awaleresources.ca |
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Awalé Hits 2.5 g/t Gold Eq. over 34 Metres at the BBM Zone, Odienné Project
Vancouver, British Columbia, January 29, 2025 — Awalé Resources Limited (TSX.V: ARIC)(“Awalé” or the “Company”) is pleased to report results from the first two diamond drill holes completed as part of an expanded drill campaign targeting the BBM zone at the Odienné Project in Côte d’Ivoire.
The drill program, which began in November 2024, is ongoing, with five holes remaining in the extended campaign. These initial holes were drilled within the previously reported central mineralized zone, where the Company is tightening drill spacing to a 100m grid (refer to drill plan and sections).
HIGHLIGHTS
- 34m @ 2.5 grams per tonne (“g/t”) gold equivalent (“AuEq.”), including 12m @ 3.5 g/t AuEq. from 323m downhole in OEDD-104.
- 29m @ 1.2 g/t AuEq., including 14m @ 1.8 g/t AuEq. from 82m downhole in OEDD-103.
- Drilling continues to demonstrate excellent continuity over significant width and gold tenor at BBM.
- With the success of drilling results, the Company has increased the drill program at BBM from 3000m to 7000m.
- Drilling at Charger is progressing to plan, with drilling at Empire to follow suit.
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Andrew Chubb, CEO of Awalé Resources commented,
“We are excited to report additional excellent results from the BBM target, confirming the robust nature of mineralization at BBM.
“We are seeing a remarkable consistency in width and grade in this drilling, consistent with those previously reported in the core zone at BBM. These results underscore the potential of this zone.
We are also pleased to announce that the expanded step-out diamond drilling is near completion at BBM. This drilling is focused on expanding the 600m core zone along strike to the southeast and northwest where we believe there is potential to expand the size of BBM.
“The success of this program has led to an extension beyond the initial 3000m plan, with over 5400m now completed in 19 holes, with 4 holes to be drilled.
“The deployment of two diamond drill rigs has enabled us to not only advance BBM but also commence drilling at the Charger target.
“We are also bringing the Empire target back into the exploration pipeline as part of this program. In addition to these diamond drilling advancements, we are actively progressing with the IP geophysics program, with RC drilling set to commence in the coming weeks.
“This increased level of activity is expected to deliver a steady stream of results to the market throughout this quarter and beyond,”
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To read the full news release please click HERE
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The live Spot gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in Awale Resources.
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