VANCOUVER, BC, Sept. 1, 2021 /CNW/ - Awalé Resources Limited
("Awalé" or the "Company") (TSXV: ARIC) is pleased to report
further results from drilling at the Empire and Charger prospects,
Odienne Project, Cote d'Ivoire
(Figures 1 and 2). Final assay results have now been returned for
the last 11 holes completed (3 diamond drill holes/"DDH" and 8
Reverse Circulation/"RC" holes for a total of 1,297m) with the following highlights:
Empire Prospect – 'Empire Gap' Offset Drilling
Five RC holes and one diamond hole were drilled into a
150m lateral offset (Figure 3 and 4)
from the Empire Main discovery known as Empire Gap. This drilling
has delineated a further 180m strike
potential of new, open and high grade gold mineralisation at the
Empire prospect. The combined mineralized strike length for Empire
Main and Empire Gap is now approximately 400m.
Highlights
- OERC-119 – 9 metres ("m") at 1.9 grams per tonne gold ("g/t
Au") from 139m downhole including
3m at 3.9 g/t Au from 139m. This RC hole is a 40m step-out west of previously reported hole
OERC102 – see Company News Release dated 23rd
June 2021) (Figure 5)
- OERC-118 - 8m at 1.4 g/t Au from
110m downhole including 1 m at 8.4 g/t Au. This RC hole is a 40m step-out east of OERC102.
- OEDD-39. 2m at 2g/t Au from
164m downhole. This DDH is a 50 metre
step back from OERC-102.
This drilling has resulted in the discovery of a new mineralized
zone at Empire Gap, with drillholes OERC-118, OERC-119 and OEDD39
all intercepting more than 50 down hole metres of the target
'Empire Diorite' with brittle ductile deformation and associated
alteration. Holes drilled along strike east and west have
intercepted shorter intervals of diorite within a package of
sheared and mineralised volcanic and mylonitic rocks.
The mineralized shear zone defining the Empire Gold Corridor
remains open down dip and along strike and future follow up
drilling is planned.
Charger Prospect
Three RC holes and 2 diamond holes were completed at Charger
(Figures 6 and 7) as follow up to the previously reported
3m at 9 g/t Au and peak copper value
of 0.71% (handheld pXRF results) in hole OERC-89 (see Company News
Releases dated June 14, June 30, and July
22 2021). The Charger prospect is interpreted by the
Company to have all the hallmarks of Iron Oxide Copper Gold "IOCG"
systems with strong hematite and magnetite alteration being
associated with the gold and copper mineralization.
Highlights
- OEDD-38 - 6m at 0.3 g/t Au from
24m downhole. Mineralized interval is
hosted within a hematite breccia at equivalent position as OERC-89
(See section in Figure 7), and
-
- 4m at 1.1 g/t Au from
50m downhole.
- OERC-124 1m at 1.1 g/t Au from
51m downhole within a 40-metre-wide
hematite alteration zone
The IOCG style mineralization at Charger is now interpreted to
tie in with district scale copper and base metal anomalism
identified by Awale within the Odienné Project area (Figure
2). Approximately 3 km north of the Charger discovery lies a
>5 km long Cu-Au soil anomaly with impressive Cu values up to
0.18% and known as the Sceptre Target. This anomaly was delineated
using a combination of Company and former Randgold Resources (now
Barrick) legacy data sourced by the company (see release dated
August 10th 2021)
See Figures :
http://www.awaleresources.com/_resources/maps/2021_08_24_Figures_Empire_Drilling_Update_Final.pdf
Company CEO Glen Parsons
commented today:
"Follow up drilling has now
confirmed at least 180m of new, open
mineralisation on an offset extension to the Empire Main
mineralisation. There are very few holes in this new zone and most
have returned encouraging results with high-grade gold, 'Empire
style' mineralisation and alteration. Follow up drilling is planned
as we now chase the Empire Corridor style as well as the exciting
new Charger style mineralization.
Following the discovery at
Charger we continue to explore and develop the potential of IOCG
systems within the Odienné project. As previously reported, strong
copper anomalism exists to the north of the Empire Corridor with a
significant 5km copper with gold anomaly at the "Sceptre Prospect"
advancing to drill ready status.
The 4th Quarter will
be a productive one for Awale, geochemical sampling is currently
underway over the greater Charger prospect area as well as the new
Sceptre target. This work will be
complemented with permit wide Aerial Magnetic and radiometric
surveys planned for Q4 2021 as well as ground gravity surveys over
the Charger prospect. These works will culminate with Q4 drilling
of the new targets at Sceptre and
Sceptre East as well as follow up drilling at the Charger prospect
and the Empire Corridor."
Table 1: All Significant Intercepts from this Charger
and Empire Offset Program (Gap Targets)
HOLEID
|
East
|
North
|
RL
|
Dip
|
Azi
|
EOH
|
From
|
To
|
Length
|
Au
g/t
|
Prospect
|
OEDD0038
|
647,791
|
1,032,306
|
468
|
-50
|
292
|
57.4
|
4.1
|
4.2
|
1.1
|
0.2
|
Charger
|
OEDD0038
|
|
15.5
22
24
50
|
18
23
30
54
|
2.5
1
6
4
|
0.3
0.2
0.3
1.1
|
Charger
Charger
Charger
Charger
|
OEDD0038
|
OEDD0038
|
OEDD0038
|
OEDD0039
|
647,561
|
1,029,980
|
478
|
-52
|
360
|
219
|
164
|
166
|
2
|
2.0
|
Gap
|
OEDD0039
|
|
176
183
|
177
185
|
1
2
|
0.5
0.5
|
Gap
Gap
|
OEDD0039
|
OEDD0040
|
647,755
|
1,032,249
|
472
|
-54
|
18
|
135
|
0
|
1.4
|
1.4
|
0.3
|
Charger
|
OEDD0040
|
|
40
|
42
|
2
|
0.5
|
Charger
|
OERC0118
|
647,595
|
1,030,028
|
479
|
-53
|
360
|
160
|
39
|
40
|
1
|
0.3
|
Gap
|
OERC0118
|
|
41
46
51
80
89
93
99
103
110
|
42
48
53
81
90
94
100
104
118
|
1
2
2
1
1
1
1
1
8
|
0.2
0.2
0.8
0.2
3.8
0.6
0.2
0.3
1.4
|
Gap
Gap
Gap
Gap
Gap
Gap
Gap
Gap
Gap
|
OERC0118
|
OERC0118
|
OERC0118
|
OERC0118
|
OERC0118
|
OERC0118
|
OERC0118
|
OERC0118
|
OERC0118
|
|
Including
|
116
|
118
|
2
|
4.5
|
|
OERC0118
|
|
129
|
134
|
5
|
0.8
|
Gap
|
OERC0119
|
647,521
|
1,030,025
|
477
|
-52
|
360
|
160
|
27
|
28
|
1
|
0.3
|
Gap
|
OERC0119
|
|
78
99
105
110
123
128
136
139
|
80
100
106
111
124
131
137
148
|
2
1
1
1
1
3
1
9
|
1.2
0.3
1.9
0.2
0.2
0.3
0.3
1.9
|
Gap
Gap
Gap
Gap
Gap
Gap
Gap
Gap
|
OERC0119
|
OERC0119
|
OERC0119
|
OERC0119
|
OERC0119
|
OERC0119
|
OERC0119
|
OERC0119
|
|
Including
|
139
|
142
|
3
|
3.9
|
Gap
|
OERC0120
|
647,655
|
1,030,163
|
479
|
-52
|
180
|
163
|
45
|
46
|
1
|
0.3
|
Gap
|
OERC0120
|
|
61
65
75
|
62
69
76
|
1
4
1
|
0.2
1.0
0.3
|
Gap
Gap
Gap
|
OERC0120
|
OERC0120
|
OERC0121
|
647,481
|
1,030,026
|
475
|
-52
|
360
|
160
|
37
|
39
|
2
|
0.6
|
Gap
|
OERC0121
|
|
114
117
|
116
119
|
2
2
|
0.3
0.2
|
Gap
Gap
|
OERC0121
|
OERC0122
|
647,561
|
1,029,980
|
478
|
-52
|
360
|
41.8
|
Failed Hole - No
Significant Values
|
OERC0123
|
647,882
|
1,032,266
|
466
|
-55
|
292
|
84
|
3
|
4
|
1
|
0.7
|
Gap
|
OERC0123
|
|
53
57
61
63
70
|
54
59
62
68
71
|
1
2
1
5
1
|
0.5
0.3
0.2
0.5
0.4
|
Charger
Charger
Charger
Charger
Charger
|
OERC0123
|
OERC0123
|
OERC0123
|
OERC0123
|
OERC0124
|
647,781
|
1,032,340
|
469
|
-54
|
198
|
100
|
46
|
47
|
1
|
0.4
|
Charger
|
OERC0124
|
|
51
|
54
|
3
|
0.6
|
Charger
|
* Significant
Intercepts calculated using a 0.2 g/t Au trigger value and include
2m of internal waste. No High Cuts.
|
Quality Control and Assurance
Analytical work for auger geochemical 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 Company's secure Bondoukou or Odienné office and
transported by Intertek to their preparation laboratory in
Yamoussoukro, Cote d'Ivoire for preparation. 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 Ghana where a 50g
charge is Fire Assayed with an AAS finish. Blanks, duplicates and
certified reference material (standards) are being used to monitor
laboratory performance during the analysis.
ON BEHALF OF THE BOARD
AWALE RESOURCES
LIMITED.
"Glen
Parsons"
Glen Parsons, President and
CEO
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, 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 mining project
evaluation.
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.
Cautionary Statement
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE
View original
content:https://www.prnewswire.com/news-releases/high-grade-gold-mineralization-extension-at-the-empire-gap-prospect-and-iocg-style-mineralization-confirmed-at-the-charger-prospect-301367019.html
SOURCE Awale Resources