VANCOUVER, BC, Sept. 22, 2021 /CNW/ - Awalé Resources Limited
("Awalé" or the "Company") (TSXV: ARIC) is
pleased to announce that a significant new surface gold anomaly has
been defined from termitaria sampling at the Alliance Prospect,
Empire Corridor, Odienné Project (Figures 1 and 2). The Alliance
Prospect extends the known strike extent of the Empire mineralized
trend by 3km to >6km.
Highlights:
- New 1km long, >100 part per billion ("ppb") surface gold
("Au") anomaly has been defined from termitaria sampling at the
Alliance Prospect, Empire Corridor. Peak gold value returned was
441ppb (Figure 3).
- The 100ppb surface Au anomaly lies within a larger (3km in
length), > 15ppb Au anomaly. Mineralization is open both along
strike and to the north.
The Alliance Prospect mirrors the Empire Main discovery in a
similar 'pressure shadow' structural position on the opposite side
of a late intrusive body (the "Rebel Intrusion") emplaced along the
northern margin of the Empire structural corridor (Figure 2).
Approximately 50% of results have now been returned from a larger
1,340 sample 400x100m termitaria survey along the Empire Corridor.
Descriptive statistics from results returned are shown in Table
1.
View Attached
Figures: http://www.awaleresources.com/_resources/maps/2021-09-20-Figures-Alliance-Target-Geochmistry-Final.pdf
Company CEO Glen Parsons
commented today:
"It is very pleasing to see new gold anomalies continuing to
be uncovered through the team's focussed and systematic exploration
approach at the Odienné project. Our work continues to not only
reveal new gold and gold/copper anomalies, but also confirms the
highly prospective nature of the Odienné project and its camp scale
potential in different settings.
The Empire Corridor continues to reveal itself as a
significant gold bearing fluid pathway at Odienné, with significant
potential to build ounces to the already robust foundation of the
Empire Main discovery. The Alliance Target lies to the east along
the northern boundary of Empire Corridor and has the same scale and
tenor geochemical footprint as the Empire Main discovery. The team
is fast tracking Alliance to a drill ready status.
Furthermore, this new anomalism compliments the exciting 5km
long Sceptre copper, gold anomaly
approximately 10km to the NW of the Alliance target where we focus
on the IOCG style Charger mineralization.
We look forward rapidly developing and advancing these
targets."
Table 1: Descriptive statistics for Empire Corridor
Termitaria.
Number of
samples
|
1341
|
Percentile
80
|
8
|
Min
|
0
|
Percentile
90
|
16
|
Max
|
441
|
Percentile
95
|
28
|
Mean
|
8.8
|
Percentile
98
|
72
|
Percentile
70
|
5
|
Percentile
99
|
102
|
Quality Control and Assurance
Analytical work for auger/soil and termitaria 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 laboratory in Tarkwa, Ghana
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 Australia where 10-gram split is analysed by
ICP/MS with an Aqua Regia digest. Blanks, duplicates and certified
reference material (standards) are being used to monitor laboratory
performance during the analysis.
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.
ON BEHALF OF THE BOARD
AWALE RESOURCES
LIMITED.
"Glen
Parsons"
Glen Parsons, President and
CEO
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
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content:https://www.prnewswire.com/news-releases/new-alliance-prospect-delivers-a-further-3km-of-strike-to-the-empire-gold-trend-odienne-project-cote-divoire-301382520.html
SOURCE Awale Resources