Awalé Expands Systematic Exploration Over Highly Prospective Land

Awalé Resources (TSX.V: ARIC)
Provided an update on ongoing exploration across its 100%-owned permits within the Odienné Project in Côte d’Ivoire.
Awalé is concentrating exploration efforts on its 100%-owned permits, which represent two-thirds of Odienné’s 2,346 km² land package, backed by a C$15 million treasury, Awalé is funded to advance a robust pipeline of greenfield exploration.

 

 

Awale Resources

Project location map – Courtesy of Awalé Resources

 

 

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Awale Resources TSX.v : ARIC
Stage Exploration
Metals Gold
Market cap C$43 m   @ 49c
Location Ivory Coast, West Africa
Website https://awaleresources.ca/

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Awalé Expands Systematic Exploration Over Highly Prospective 100%-Owned Land

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Toronto, Ontario, August 7, 2025 — Awalé Resources Limited (TSX.V: ARIC) (OTCQX: AWLRF) (FSE: 2F60) (“Awalé” or the “Company”) is pleased to provide an update on ongoing exploration across its 100%-owned permits within the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire.
The Company’s wholly-owned permits cover approximately 1,550 km², representing two-thirds of the Project’s 2,346 km² land package.
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HIGHLIGHTS

  • Awalé is concentrating exploration efforts on its 100%-owned permits, which represent two-thirds of Odienné’s 2,346 km² land package.
  • Backed by a C$15 million treasury, Awalé is funded to advance a robust pipeline of greenfield exploration.
  • Two drill campaigns completed at the Fremen target with new results expected in August 2025.
  • Proven discovery track record and systematic methods being applied across highly prospective and underexplored ground.

 

Andrew Chubb, CEO of Awalé Resources commented;

 

“We are aggressively advancing exploration across three of our five 100%-owned permits, located directly along trend from our BBM, Charger, and Empire discoveries.

 

“Backed by a strengthened treasury following Fortuna Mining’s recent strategic investment, we are executing a systematic and well-funded greenfield program over some of the most prospective and underexplored ground in Côte d’Ivoire.

 

“The discoveries we’ve already made highlight the capability of our technical team, and we are now applying these proven methods to unlock the next wave of discoveries across our 100%-owned portfolio.

 

“The current exploration program is designed to develop a rapid pipeline of new drill targets in addition to Fremen, where results from a recently completed scout RC drilling are expected soon.”

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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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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a select group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Awalé Resources.

.

To read our full terms and conditions, please click HERE



Awalé Announces Strategic Investment by Fortuna Mining

Awalé Resources (TSX.V: ARIC)

Announced an C$8.26 million strategic investment in Awalé by Fortuna Mining Corp. (TSX:FVI) on a non-brokered private placement basis.

Proceeds from the Offering will be primarily used to advance exploration activities across the Company’s 100%-owned properties at the Odienné Project in Côte d’Ivoire.

 

 

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Awale Resources

Courtesy of Awale Resources

 

 

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Awale Resources TSX.v : ARIC
Stage Exploration
Metals Gold
Market cap C$43 m   @ 49c
Location Ivory Coast, West Africa
Website https://awaleresources.ca/

 

 

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Awalé Announces Strategic Investment by Fortuna Mining

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Toronto, Ontario, May 29, 2025 — Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to announce an C$8.26 million (representing the Canadian Dollar equivalent of US$6 million based on the Bank of Canada’s daily exchange rate on May 27, 2025) strategic investment in Awalé by Fortuna Mining Corp.
(TSX:FVI; NYSE:FSM) (“Fortuna”) on a non-brokered private placement basis (the “Offering”).
Proceeds from the Offering will be primarily used to advance exploration activities across the Company’s 100%-owned properties at the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire.
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Highlights:

  • C$8.26 million (US$6 million) investment by Fortuna for a 15% equity stake in Awalé at a premium and with no warrants.
  • Funding accelerates exploration on Awalé’s 100%-owned 1,549 km2 properties at the Odienné Project targeting IOCG-style systems.
  • Fortuna brings strategic partnership and proven operational expertise in Côte d’Ivoire.
  • Investment validates Awalé’s technical team, exploration strategy, and district-scale discovery potential.

 

 

 Andrew Chubb, CEO of Awalé Resources commented

“We are extremely pleased to welcome Fortuna Mining as a strategic investor.

 

“As an established and successful operator with a strong presence in West Africa and particularly in Côte d’Ivoire, Fortuna’s investment is a strong endorsement of our technical team, our exploration approach, and our clear vision for the Odienné district.

 

“This investment positions the Company strategically as we launch intensive exploration on our 100%-owned ground.”

 

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Under the terms of the Offering, Awalé will issue 15,037,593 common shares in the capital of the Company (“Shares”) at a price of US$0.399 (C$0.55) per Share, representing a 19% premium to the 10-day volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the “TSXV”) ending on May 27, 2025, for gross proceeds of approximately C$8,264,997 (US$6 million).

 

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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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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a select group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Awalé Resources.

.

To read our full terms and conditions, please click HERE



Mining Review 20th April 2025

Mining Review 20th April 2025

The price of gold reached a new high and settled up around 2%.

Calibre Mining and Orla Mining announced record production and at lower gold prices than the current level.

 

 

Happy Easter!

We wish all our readers a happy and peaceful Easter.

 

 

Awale Resources

Awalé Resources at the PDAC

 

 

City Investors Circle Mining Review 20th April 2025

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The price of gold reached a new high and settled up around 2%. All the precious metals rose, with silver rising nearly 5%.

Base metals also rose, with the exception of lithium, coking. and thermal coal.

 

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Calibre Mining and Orla Mining announced record production and at lower gold prices than the current level.

Awalé Resources reported more high-grade gold strikes in the Ivory Coast.

Producing gold miners generally had a good week as the market seems to be finally recognising the revenue now being earned at the higher gold price. The good results being reported now are at a lower gold price than currently, so if this price remains or increases the next set of results will be spectacular.

 

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Archives

image_pdfimage_print

  Colonial Coal mourns the passing of Director Tony Hammond

  Calibre Mining Delivered 71,539 Ounces in Q1 2025, a Record

  Awalé Resources Hit 12 g/t Gold over 26 Metres

  Orla Mining Achieved Record Quarterly Production

  Orla Mining Launched a $25M Exploration Drilling Program

  Capricorn Metals On Track for Production Guidance

  Mining Review 13th April 2025

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Market Data

Weekly Price Changes

(US$ unless stated).

Metal Prices 200425 Weekly % change Monthly YTD
Gold price in UK £ 2510 1.50% 6.99% 17.95%
Gold in AUD$ 5220 1.68% 7.50% 24.67%
Gold 3332 2.90% 10.19% 26.12%
Silver 32.79 4.49% -0.94% 14.65%
Palladium 967 4.88% 2.06% 4.71%
Platinum 973 5.42% -0.31% 2.60%
Rhodium 4625 -15.14% -19.57% 3.35%
Copper 4.79 8.13% -5.71% 21.57%
Nickel 7.02 6.04% 4.31% 3.08%
Zinc 1.28 7.56% -3.76% -3.76%
Tin 16.29 17.11% 2.00% 27.27%
Cobalt 16.04 4.91% -1.23% 47.02%
Lithium 9457 -0.80% -4.12% -3.91%
Uranium 65.1 1.09% -0.31% -12.50%
Iron Ore 99.5 0.40% -0.50% -3.96%
Coking Coal 182.5 -0.82% 4.89% -10.54%
Thermal coal 98 -1.80% -2.00% -22.53%
Metal ETFs Price Weekly % change Monthly YTD
GLD 306.12 2.75% 9.92% 25.55%
GDX 50.92 2.45% 14.43% 45.36%
GDXJ 64.12 4.74% 15.47% 44.77%
Sil 41.55 3.31% 5.16% 26.87%
SILJ 12.59 1.94% 1.61% 21.88%
GOEX  (PCX) 42.385 4.97% 15.27% 39.20%
URA 22.87 0.97% -8.52% -19.70%
COPX  36.35 2.34% -12.91% -6.65%
HUI  399.62 2.41% 13.48% 40.28%

Click HERE for live Spot Metal Prices 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE



Awalé Resources Hits 12 g/t Gold over 26 Metres

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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Awalé Resources

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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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a select group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Awalé Resources.

.

To read our full terms and conditions, please click HERE



Awalé Hits 1.6 g/t Gold Eq. over 45m at the BBM Zone

Awalé Resources (TSX.V: ARIC) 

Reported results from the last six diamond drill holes completed as part of the drill campaign targeting the BBM discovery at the Odienné Project in Côte d’Ivoire.

The drill program began in November 2024 and is complete with a total of 6,380m drilled.

 

 

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Awale Resources

Courtesy of Awale Resources.

 

 

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Awale 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 Hits 1.6 g/t Gold Eq. over 45 Metres at the BBM Zone, Odienné Project

Download

 

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HIGHLIGHTS

  • 45m @ 1.6 grams per tonne (“g/t”) gold equivalent (“AuEq.”) from 220m in OEDD-131,
    • including 4m @ 2.6 g/t Au, 0.55% Cu, and 449ppm Mo from 241m.
  • 37m @ 0.8 g/t AuEq. from 159m downhole in OEDD-133.
  • BBM has now confirmed consistent mineralization over 1km down to a depth of 300m below surface, with average true widths1 ranging from 30m in the core zone to 22m over the entire 1km drilled strike.
  • Several holes below 300m depth show mineralization is open down plunge.
  • All assays from the 22-hole, 6,380m, diamond drill program at BBM are now reported.

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Andrew Chubb, CEO of Awalé Resources commented,

“With all results from the 22-hole diamond drill program at BBM now in hand, we are pleased to confirm a broad, consistent gold-copper mineralized system extending over a 1-kilometre strike to 300 metres below surface.

 

“Within this, we’ve defined a moderately plunging, higher-grade core — 300 metres wide which remains open down plunge, with significant potential for satellite targets within 2 to 3 kilometres of the now well-defined BBM discovery zone.

 

“We await the results from a scout reverse circulation drill program testing these additional satellite targets along strike.

 

As part of the broader 18,000m company-wide drill campaign, BBM is one of several key targets under active evaluation.

 

“With approximately two-thirds of results still pending, Awalé expects a consistent stream of news flow as it works to unlock the camp-scale potential of the Odienné Project.” 

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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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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a select group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Awalé Resources.

.

To read our full terms and conditions, please click HERE



Mining Review 23rd March 2025

Mining Review 23rd March 2025

The high price of gold  came through in some glittering results from Galiano Gold and Wesdome last week. This augurs well for the current quarter as the gold price is significantly higher now.

Gold Road Resources once again reported mechanical problems at Gruyere, which is becoming an annual event, and lowered guidance.

 

 

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Gold Road

Gold Road Resources Gilmour Mine in WA

 

Archives

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City Investors Circle Mining Review 23rd March 2025

image_pdfimage_print
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The high price of gold  came through in some glittering results from Galiano Gold and Wesdome last week. This augurs well for the current quarter as the gold price is significantly higher now.

Gold Road Resources once again reported mechanical problems at Gruyere, which is becoming an annual event, and lowered guidance.

Wesdome Gold Reported Record Production in FY 2024

Capricorn Buys Out Its Hedge Book

 Calibre Mining’s  Buyout by Equinox Gold is Opposed by Van Eck

  Galiano Gold Reported Q4 And FY 2024 Results

  Awalé Resources Hit 2.0 g/t Gold Eq. over 52 metres at BBM

  Gold Road Reduced Guidance for the March Quarter

  Catalyst Metals Announced the  First Stoping Ore From Plutonic East

  Mining Review 16th March 2025

 

Other news from our watchlist companies last week are listed below, click on the link to be taken to the full story.

Cartier Resources announced a flow through and hard dollar financing.

Heliostar Metals Announced a C$17 million bought Deal financing.

Barton Gold presentation to the SMI Conference

Caprice Resources 1 minute video update

 

 

 

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Market Data

Weekly Price Changes

(US$ unless stated)

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Metal Prices Price Weekly % change
Gold price in UK £ £2,346 1.25%
Gold $3024 1.20%
Silver 33.1 -2.16%
Palladium 947.5 -1.10%
Platinum 976 -3.37%
Rhodium 5750 9.52%
Copper 5.08 8.09%
Nickel 6.73 -10.15%
Zinc 1.33 -1.48%
Tin 15.97 -0.19%
Cobalt 16.24 34.21%
Manganese 4 0.00%
Lithium 9863 -1.46%
Uranium 65.3 3.16%
Iron Ore 100 -2.15%
Coking Coal 174 -1.69%
Thermal coal 100 -6.45%
Metal ETFs Price Weekly % change
GLD 278.49 1.18%
GDX 44.5 1.97%
GDXJ 55.53 0.98%
Sil 39.51 -0.28%
SILJ 12.39 0.90%
GOEX  (PCX) 36.77 1.41%
URA 25 4.60%
COPX  41.74 1.02%
HUI  352.14 2.74%

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Click HERE for live Spot Metal Prices 

 

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE



Awalé Hits 2.0 g/t Gold Eq. over 52 metres at BBM

Awalé Resources (TSX.V: ARIC)

Reported results from seven diamond drill holes completed as part of the expanded drill campaign targeting the BBM zone at the Odienné Project in the Ivory Coast.

Hole OEDD-119 intercepted 52m @ 2.0 grams per tonne gold equivalent from 197m, including 15m @ 3.6 g/t Au, 0.52% Cu.

 

 

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Awale Resources

Awale Resources booth at PDAC 2025

 

 

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Awale 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 Hits 2.0 g/t Gold Eq. over 52 Metres at the BBM Zone, Odienné Project

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Toronto, Ontario, March 18, 2025 — Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to report results from seven diamond drill holes completed as part of the expanded drill campaign targeting the BBM zone at the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire.
The drill program, which began in November 2024, is complete with a total of 6,379.9m drilled.
The seven drill holes reported are within the east, west, and central parts of the BBM mineralization, where the Company has closed drill spacing to a 100m grid (see drill plans and sections in the link below).
Notably, hole OEDD-119 has confirmed the interpreted high-grade mineralization within a 300m wide plunging shoot. Assay results from 6 drill holes of the BBM diamond drill program are still pending.
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HIGHLIGHTS

  • Hole OEDD-119 intercepted 52m @ 2.0 grams per tonne (“g/t”) gold equivalent (“AuEq.”) from 197m,
    • including 15m @ 3.6 g/t Au, 0.52% Cu, and 479ppm Mo from 208m, and
    • 2m @ 9.3 g/t Au, 0.87% Cu, and 1,206ppm Mo from 215m downhole.
  • Hole OEDD-122 intercepted 32m @ 1.2 g/t AuEq. from 59m downhole.
  • Hole OEDD-119 confirms the higher-grade core to mineralization within a 300m wide plunging shoot.
  • Assays pending for 6 remaining holes from the 22-hole, 6,380m, diamond drill program at BBM.

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Andrew Chubb, CEO of Awalé Resources commented

“We are excited to see continued strong results from BBM, reinforcing the robust gold and copper mineralization at this target.

 

“The 52m at 2.0 g/t AuEq. intercept in hole OEDD-119 confirms the plunging higher-grade core to mineralization, particularly with the consistently higher-grade zone at the footwall contact.

 

“The BBM system remains open down-plunge, and we look forward to additional results from this diamond drilling campaign, as well as from the completed reverse circulation scout drilling, which tested for satellite targets along strike.

 

“BBM continues to demonstrate its potential, supported by the intensive exploration efforts launched at the start of the 2024-2025 dry season, which are now delivering tangible results—not only at BBM but also across multiple high-priority targets.

 

“By systematically advancing these parallel exploration programs, we are unlocking Odienné’s broader potential— where we do not view each of our discoveries individually but as part of a greater camp.” 

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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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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a select group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Awalé Resources.

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To read our full terms and conditions, please click HERE



Mining Review 16th March 2025

Mining Review 16th March 2025

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world.

 

 

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Orla Mining

Orla Mining – Musselwhite Gold Mine

 

 

 

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City Investors Circle Mining Review 16th March 2025

 

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world. One theory is this is because US banks have to comply with Basel 3 by mid-year, and are importing gold to cover bullion they leased out years ago.

Most precious and base metals ended the week higher after yet another positive stimulus message from the Chinese governement.

 

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Mining Review

 

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Awale have recorded some of the highest grades in Africa in the last year and high-grade discoveries continue to be made on very prospective land in the Ivory Coast.

Cabral have been quiet for a while but have now announced some new gold discoveries that boosted the share price. CEO Alan Carter has a large personal investment here bought in the market.

Meeka Metals, on the cusp of initial production in Western Australia announced a new gold discovery.

Ora Banda Mining, also in Western Australia, announced an “outstanding” discovery as they expand production and exploration at their Daveyhurst project.

 

All of this week’s stories can be read in full by clicking the links below.

 Cabral Gold Trenched 20m @ 3.6 g/t Gold at Machichie

  Awalé Resources Updates on Drilling at High-Grade Gold Target

  Ora Banda Mining’s New Outstanding Gold Discovery

  G Mining Ventures CEO Named Producer of the Year

  G Mining Ventures Commences Construction at Oko West

  Capricorn Delivered Strong Half Year Results

  Orla Mining Completes the Musselwhite Acquisition

  Meeka Metals Discovers a New High-Grade Gold Zone

 

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PDAC 2025 reviews can be read below

  PDAC 2025 Day 4

  PDAC 2025 Day 3

 PDAC 2025 Day 2

  PDAC 2025 Day 1

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Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices Price $ Weekly % change
Gold price in UK £ 2317 2.57%
Gold 2988 6.22%
Silver 33.83 3.84%
Palladium 958 1.70%
Platinum 1010 4.55%
Rhodium 5250 -0.94%
Copper 4.7 0.43%
Nickel 7.49 0.67%
Zinc 1.35 3.05%
Tin 16 8.25%
Cobalt 12.1 5.77%
Manganese 4 0.00%
Lithium 10009 -0.11%
Uranium 63.3 -1.25%
Iron Ore 102.2 -4.40%
Coking Coal 177 -4.17%
Thermal coal 106.9 0.38%
Metal ETFs Price Weekly % change
GLD 275.24 2.55%
GDX 43.64 4.80%
GDXJ 54.99 5.89%
Sil 39.62 8.82%
SILJ 12.28 8.48%
GOEX  (PCX) 36.26 4.32%
URA 23.9 -0.17%
COPX  41.32 3.43%
HUI  342.75 4.89%
Gold / Silver ratio 88.32 0.65%

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Click HERE for live Spot Metal Prices 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE



Awalé Updates on Drilling at High-Grade Gold Target

Awalé Resources (TSX.V: ARIC)

Provided an update on exploration activities at the Charger target within the Odienné Project in the Ivory Coast.

The Charger zone stands out with some of the highest-grade intercepts in West Africa in the last 12 months, including 32m @ 45.7 g/t Au from 165m downhole in OEDD-83.

 

 

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Awale Resources

 

 

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Awale 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 Updates on Drilling at High-Grade Gold Charger Target, Odienné Project

 

Toronto, Ontario, March 13, 2025 — Awalé Resources Limited (TSXV: ARIC)(“Awalé” or the “Company”) is pleased to provide an update on exploration activities at the Charger target within the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire.

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HIGHLIGHTS

  • The Charger zone stands out with some of the highest-grade intercepts in West Africa in the last 12 months, including 32m @ 45.7 g/t Au from 165m downhole in OEDD-83. Awalé is now following up on these high-grade intersections.
  • Charger is a near-surface, high-grade gold discovery hosted within a 200m-long breccia corridor.
  • Ten holes have been completed at Charger, with drilling on two more in progress, with results expected in April/May 2025.

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Andrew Chubb, CEO of Awalé Resources commented:

“Charger has already delivered some of the highest-grade gold intercepts in West Africa, and we believe we are only beginning to unlock its full potential.

 

“With the current drill program well underway, we are systematically testing Charger’s northeast trending corridor to confirm continuity and volume potential.

 

“Drilling to date has consistently intersected the breccia target, warranting an extension of the initial program based on these encouraging observations.

 

“This phase of drilling will play a critical role in our broader strategy to define a district-scale gold system at Odienné.”

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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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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a select group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Awalé Resources.

.

To read our full terms and conditions, please click HERE



Awalé Hits 2.5 g/t Gold Eq. over 34m at the BBM Zone

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

 

 

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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

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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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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Awale Resources.

.

To read our full terms and conditions, please click HERE



Market Review for December 2024 published

City Investors Circle Market Review

Market Review for December 2024 has been published.

The highlighted company is Awale Resources.

Ora Banda Mining was the biggest riser of the year at 207%.

 

 

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Ora Banda

Ora Banda minesite camp, Western Australia

 

 

City Investors Circle Market Review December 2024

 

 

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Market Review for December 2024 has been published.

The highlighted company is Awale Resources.

Ora Banda Mining was the biggest riser of the year at 207%.

 

We review the top tier watchlist of producing gold miners and an average gain of 70% over 2024, whilst the gold price rose 27%.

We maintain our stance on producing gold miners as being the place to invest in 2025 given the high gold price driving additional revenue to the bottom line.

To subscribe to our free newsletter and free to attend company presentations, please email andrew@city-investors-circle.com

To view the December 2024 newsletter please click HERE

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Live metal prices can be found HERE

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

To read our full terms and conditions, please click HERE