Awalé Resources (TSX.V: ARIC)
Announced high-grade assay results from the first nine diamond drill holes completed as part of the Company’s drill campaign at the Charger zone at the Odienné Project in the Ivory Coast.
Highlights include 26m of 12 grams per tonne gold in OEDD-120 and 95m of 1.8 g/t Au in OEDD-118.
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Courtesy of Awalé Resources
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| Awalé Resources | TSX.v : ARIC | |
| Stage | Exploration | |
| Metals | Gold | |
| Market cap | C$46 m @ 53c | |
| Location | Ivory Coast, West Africa | |
| Website | https://awaleresources.ca/ | |
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Awalé Resources Hits 12 g/t Gold over 26 Metres Among Multiple High-Grade Intercepts at the Charger Target, Odienné Project
Toronto, Ontario–(Newsfile Corp. – April 17, 2025) – Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company“) is pleased to announce high-grade assay results from the first nine diamond drill holes completed as part of the Company’s drill campaign at the Charger zone at the Odienné Project (“Odienné” or the “Project“) in Côte d’Ivoire.
Highlights include 26m of 12 grams per tonne (“g/t”) gold (“Au”) in OEDD-120 and 95m of 1.8 g/t Au in OEDD-118.
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HIGHLIGHTS
- 26m @ 12 g/t gold from 146m downhole in hole OEDD-120
- 95m @ 1.8 g/t gold from 170m in OEDD-118
- Discovered a new parallel mineralized zone 50m from Charger’s high-grade corridor, containing:
- 26m @ 2 g/t gold from 134m in OEDD-137
- Shallow mineralization, at less than 70m depth, in OEDD-136 and OEDD-121, including:
- 4.0m @ 18.5 g/t gold from 67m in OEDD-121
- 1.5m @ 13.4 g/t gold from surface in OEDD-136
- 3.0m @ 3.2 g/t gold from 6.5m in OEDD-136
- 6.5m @ 4.4 g/t gold from 28.5m in OEDD-136
- Charger drilling continues to demonstrate strong continuity of mineralization
- Awalé is gaining a broader understanding of the Charger system with target breccia intercepted in all holes, and alteration opens the potential for new targets
- Assays pending for four holes on Charger that targeted high-grade mineralization 70m down-dip of prior hits, OEDD-83: 57m @ 26 g/t gold, OEDD-88: 29m @ 20 g/t gold, OEDD-100: 59m @ 14.7 g/t gold
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Andrew Chubb, CEO of Awalé Resources commented
“Today’s results from Charger, including 12 g/t Au over 26m in hole OEDD-120 and 1.8 g/t Au over 95m in hole OEDD-118, confirm the northeastern (NE) mineralization corridor and reinforce our confidence in the continuity, geometry, and scalability of the Charger system.
“Notably, drill hole OEDD-137 intersected 26m @ 2 g/t Au in a second breccia approximately 50m west of the NE corridor, highlighting the potential for parallel zones of mineralization similar to what has been defined.
“With assays pending for four deeper holes, we confidently advance as we trace high-grade mineralization at depth. Our confidence in the geology is growing and deeper holes are planned to begin in May.
“We now have sufficient data to interpret Charger-style mineralization as magnetite-destructive and occurring within low magnetic zones relative to their surroundings.
“This geophysical signature has led to the identification of four new target areas adjacent to the current discovery zone.
“With deeper drilling planned and new targets in hand, we are confident in the potential for Charger to provide more exciting results.”
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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 Awalé Resources.
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