Source: Awalé Resources Ltd.
  • Awalé Resources’ (TSXV:ARIC) first two drill holes at the Charger Target in Ivory Coast have found visible gold
  • This is part of its ongoing drill program at the Odienné Copper-Gold Project that targeted mineralization underlying the 32-metre at 3.0 grams per tonne (g/t) Au / 96 gram-metre (gm) intercept
  • The company stated that observing visible gold in these holes is very encouraging and confirms the depth potential and high-grade fluid flow of the Charger mineralized system.
  • Awalé Resources Ltd. (ARIC) opened trading at $0.13 per share

Awalé Resources’ (TSXV:ARIC) first two drill holes at the Charger Target in Ivory Coast (Côte d’Ivoire) have found visible gold.

This is part of its ongoing drill program at the Odienné Copper-Gold Project that targeted mineralization underlying the 32-metre at 3.0 grams per tonne (g/t) Au / 96 gram-metre (gm) intercept.

The company stated that observing visible gold in these holes is very encouraging and confirms the depth potential and high-grade fluid flow of the Charger mineralized system. The discovery of a potential new parallel mineralized structure could open a significant upside opportunity for the Charger Target with multiple parallel lodes.

Geological cross section looking west through the Charger Target showing parallel mineralized lodes. Source: Awalé Resources Ltd.

The company’s CEO, Andrew Chubb, commented that combining this result and the discovery of a new parallel mineralized structure with the same characteristics, the resource potential of Charger Target is significantly increased.

“These new developments have the project team truly excited about this prospect. The upside interpretation of Charger has been to identify parallel lodes, and this model is starting to bear fruit,” Chubb said in a statement. “We look forward to seeing the full multi-element and gold results from these holes while drilling continues at the Lando and Sceptre Main targets at the Odienné Copper-Gold Project.

“We are now drilling the first holes at Lando, with the targets at Sceptre Main to follow. Both targets are compelling. Lando is a 4 km long by 2.5 km wide copper-gold geochemistry footprint that neatly aligns with IP Geophysics. Further to this, rock chip samples from the prospect have returned grades of up to 4.8 g/t Au. Sceptre Main has delivered rock chip samples up to 26.6 g/t Au and 0.1 per cent Cu from artisanal activity over polymetallic veining. We are very enthusiastic about the potential of these targets to deliver new discoveries for the company.”

As the full wet season approaches the coast, the team working to close out the planned 2,500-metre drill program with holes to be completed at Lando and Sceptre Main. A 400-metre mesh gravity survey is 50 per cent complete and is expected to be finished in mid-July.

Awalé Resources is a mineral exploration company focused on the discovery of large high-grade gold and copper-gold deposits. The company currently undertakes exploration activities in the underexplored parts of Côte d’Ivoire in West Africa.

Awalé Resources Ltd. (ARIC) opened trading at $0.13 per share.

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