HIGHLIGHTS
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14.7 g/t gold (“Au”) over 59 metres (“m”), or 868-gram-metres gold, from 96m downhole, together with 22.4 g/t Au over 21m from 143m downhole in Gap OEDD-100.
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OEDD-100 is a ‘scissor’ gap collared:
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200m southwest of gap OEDD-83, which beforehand returned 26 g/t Au over 57m; and
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25m east of OEDD-88, which beforehand returned 20 g/t Au over 29m.
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Awalé has reported three of the highest-grade intercepts in West Africa over the previous 12 months.
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Uniform mineralization throughout reported intersection, with no nugget impact.
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Outcomes affirm a really high-grade gold zone with robust continuity and important useful resource potential, with a 200m-long hall recognized.
Vancouver, British Columbia–(Newsfile Corp. – November 11, 2024) – Awalé Assets Restricted (TSXV: ARIC) (“Awalé” or the “Firm“) is happy to report the ultimate 4 holes from the Charger goal on the Odienné Undertaking, together with 14.7 g/t Au over 59m in drill gap OEDD-100. Right this moment’s outcomes mark the fruits of a profitable drilling marketing campaign, highlighted by the beforehand reported intercept of 26 g/t Au over 57 metres in gap OEDD-83 and 20 g/t Au over 29m in gap OEDD-88.
“We’ve got now established the breccia’s true width at over 30 metres, inside a 200-metre strike size of breccia mineralization, and the very high-grade gold is concentrated in fold hinges inside this hall. Importantly, our understanding of Charger’s construction has advanced, permitting us to check our new fold mannequin inside the present hall and step out to discover potential parallel zones. With this refined structural mannequin, we’re assured in persevering with our success at Charger.
We’re very happy with the most recent outcomes and the profitable consequence of this drill marketing campaign, which delivered a number of high-grade hits at Charger and drilling by 100m of the goal breccia physique at depth. These holes established each grade and geological continuity of the breccia mineralization. The 14 g/t Au over 59m in gap OEDD-100 has exhibited the identical grade consistency throughout the reported interval because the earlier high-grade hits. We’ve got additionally ramped up our new subject season final week, commencing a 4000m diamond drill program at BBM and Charger,” commented Andrew Chubb, CEO of Awalé Assets.
LINK TO Charger’s Drill Core Photographs with Gold Grade on OEDD-100
LINK TO Charger Hello-res Figures
Uniform Mineralization
As with drill holes OEDD-83 and OEDD-88, OEDD-100 delivered persistently high-grade gold mineralization all through the reported interval. The Core Photographs present the gold grade consistency inside the 1-metre assays from the reported interval in OEDD-100, reinforcing the constant and sturdy mineralization on this gap together with the beforehand reported high-grade intervals in OEDD-83 and OEDD-88.
Determine 1: 3D Plan View for the Charger Zone; exhibiting logged breccia distribution in purple, and the hall of breccia mineralization trending from southwest to northeast. Pink traces spotlight a 200m mineralized Hall, folding has been recognized in drilling each inside and out of doors this hall, there’s alternative to search out parallel corridors, and a number of fold hinges inside every hall.
To view an enhanced model of this graphic, please go to:
https://photos.newsfilecorp.com/recordsdata/10016/229444_176619bed46f5a33_002full.jpg
New Charger Structural Interpretation: A Folded Mannequin
The high-grade breccias are actually understood to be managed by folding inside the Charger Intrusive, with very high-gold grades creating within the fold hinge(s). The Firm has now separated gold outcomes pertaining to interpreted hinge and limb zones, with interpreted fold hinges displaying considerably larger gold outcomes than the limb zones (see Desk 1) with common gold grade within the hinge zone at 735-gram x metres versus 38-gram x metres within the limbs. The Firm can be drill testing the fold mannequin inside the present hall in addition to step-out and take a look at for different parallel zones beginning in late This autumn 2024 into Q1 2025.
Determine 2: 3D Lengthy Part trying northwest by the Charger breccia mineralization, once more the purple zones are breccia intercepted in drilling, together with OEDD-99 which has intercepted 100m of breccia – the system is open at depth in addition to alongside strike.
To view an enhanced model of this graphic, please go to:
https://photos.newsfilecorp.com/recordsdata/10016/229444_176619bed46f5a33_003full.jpg
Desk 1: Weighted-Common Gold Grades in Interpreted Hinges and Limbs*.
| Gap ID | From (m) | To (m) | Interval (m) | Gold g/t | GxM | Fold Geometry |
| OEDD0083 | 165 | 205 | 56 | 26.00 | 1456 | Hinge |
| OEDD0085 | 177 | 196 | 21 | 1.70 | 36 | Hinge |
| OEDD0088 | 149 | 178 | 29 | 20.00 | 580 | Hinge |
| OEDD0100 | 143 | 199 | 59 | 14.70 | 867 | Hinge |
| Common | 735 | |||||
| OEDD0045 | 89 | 100 | 11 | 5.41 | 59.51 | Limb |
| OEDD0045 | 117 | 127 | 10 | 1.86 | 18.60 | Limb |
| OEDD0083 | 210 | 219 | 9 | 1.56 | 14.04 | Limb |
| OEDD0083 | 232 | 236 | 4 | 1.77 | 7.08 | Limb |
| OEDD0085 | 203 | 212 | 9 | 8.68 | 78.12 | Limb |
| OERC0132 | 74 | 82 | 8 | 7.29 | 58.32 | Limb |
| OERC0132 | 96 | 107 | 11 | 2.63 | 28.93 | Limb |
| Common | 38 | |||||
| *The intercepts reported within the Desk 1 is probably not the identical as beforehand reported, as they’ve been chosen primarily based on geology and damaged right down to ‘Hinge’ or ‘Limb’ zones. | ||||||
Determine 3: Cross Part exhibiting inferred fold hinge controlling high-grade gold mineralization in drill holes OEDD-83 and OEDD-100. Be aware the decrease grade sections within the limbs from the deeper mineralization in OEDD-83 – See the ‘limb’ intercepts proven in Desk 1 with 56m at 26 g/t Au within the hinge and 9m at 1.6 g/t Au and 4m at 1.8 g/t Au within the limbs.
To view an enhanced model of this graphic, please go to:
https://photos.newsfilecorp.com/recordsdata/10016/229444_176619bed46f5a33_004full.jpg
Determine 4: 2D Plan View, Charger drill collars over simplified geology, drill holes from this launch highlighted in purple.
To view an enhanced model of this graphic, please go to:
https://photos.newsfilecorp.com/recordsdata/10016/229444_176619bed46f5a33_005full.jpg
Desk 2: All Vital Intercepts from this Part of Drilling on the Charger Zone.
| Gap | From (m) | To (m) | Size (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | Mo (ppm) | GxM Au | Depth (m) | Easting | Northing | RL | Azi. | Dip |
| OEDD0084 | 64.0 | 65.0 | 1.0 | 0.7 | 1.9 | 425 | 2 | 1 | 179.2 | 647690 | 1032316 | 472 | 155 | -55 |
| OEDD0084 | 69.0 | 139.0 | 70.0 | 1.2 | 2.3 | 611 | 2 | 84 | ||||||
| together with | 118.0 | 119.0 | 1.0 | 5.4 | 2.0 | 568 | 1 | 5 | ||||||
| and | 143.0 | 144.0 | 1.0 | 1.0 | 0.5 | 42 | 1 | 1 | ||||||
| OEDD0085 | 55.0 | 56.0 | 1.0 | 0.8 | 0.8 | 117 | 1 | 1 | 260.0 | 647759 | 1032374 | 471 | 186 | -55 |
| and | 64.0 | 69.0 | 5.0 | 0.4 | 0.5 | 274 | 8 | 2 | ||||||
| and | 117.0 | 118.0 | 1.0 | 1.9 | 0.2 | 82 | 2 | 2 | ||||||
| and | 137.0 | 138.0 | 1.0 | 1.3 | 0.3 | 121 | 14 | 1 | ||||||
| and | 149.0 | 152.0 | 3.0 | 0.4 | 0.1 | 90 | 15 | 1 | ||||||
| and | 163.0 | 164.0 | 1.0 | 0.7 | 0.4 | 102 | 8 | 1 | ||||||
| and | 177.0 | 198.0 | 21.0 | 1.7 | 2.2 | 122 | 2 | 36 | ||||||
| Together with | 178.0 | 179.0 | 1.0 | 5.6 | 2.8 | 144 | 2 | 6 | ||||||
| and | 202.0 | 212.0 | 10.0 | 7.8 | 4.8 | 144 | 3 | 78 | ||||||
| Together with | 207.0 | 211.0 | 4.0 | 16.8 | 8.7 | 219 | 3 | 67 | ||||||
| and | 222.0 | 223.0 | 1.0 | 1.5 | 1.3 | 299 | 2 | 2 | ||||||
| and | 242.0 | 243.0 | 1.0 | 0.5 | 0.2 | 95 | 1 | 1 | ||||||
| and | 248.0 | 249.0 | 1.0 | 0.4 | 0.2 | 126 | 1 | 0 | ||||||
| OEDD0086 | 81.0 | 82.0 | 1.0 | 0.4 | 0.1 | 58 | 2 | 0 | 293.0 | 647818 | 1032414 | 474 | 190 | -55 |
| and | 111.0 | 112.0 | 1.0 | 1.5 | 0.2 | 143 | 3 | 2 | ||||||
| OEDD0087 | 125.0 | 126.0 | 1.0 | 0.7 | 0.1 | 28 | 3 | 1 | 344.3 | 647796 | 1032437 | 476 | 193 | -55 |
| and | 145.0 | 146.0 | 1.0 | 0.5 | 0.3 | 128 | 1 | 1 | ||||||
| and | 222.0 | 223.0 | 1.0 | 0.6 | 0.1 | 45 | 1 | 1 | ||||||
| and | 149.0 | 178.0 | 29.0 | 20.0 | 6.7 | 635 | 2 | 580 | 218.2 | 647710 | 1032176 | 473 | 13 | -55 |
| Together with | 149.0 | 157.0 | 8.0 | 39.5 | 20.5 | 2210 | 3 | 316 | ||||||
| OEDD0099 | 306.0 | 307.0 | 1.0 | 0.7 | 0.1 | 55 | 1 | 1 | 554.4 | 647597 | 1031979 | 471 | 13 | -55 |
| and | 343.0 | 344.0 | 1.0 | 0.7 | 0.2 | 49 | 2 | 1 | ||||||
| and | 349.0 | 354.0 | 5.0 | 0.5 | 0.4 | 112 | 2 | 3 | ||||||
| and | 372.0 | 373.0 | 1.0 | 0.9 | 0.3 | 160 | 2 | 1 | ||||||
| and | 422.0 | 425.0 | 3.0 | 0.8 | 1.7 | 50 | 2 | 2 | ||||||
| OEDD0100 | 96.0 | 97.0 | 1.0 | 0.8 | 0.9 | 777 | 1 | 1 | 233.2 | 647735 | 1032201 | 474 | 13 | -55 |
| and | 140.0 | 199.0 | 59.0 | 14.7 | 5.2 | 219 | 4 | 868 | ||||||
| Together with | 143.0 | 164.0 | 21.0 | 22.4 | 7.5 | 123 | 2 | 470 | ||||||
| OEDD0101 | 1.50 | 3.0 | 1.5 | 0.7 | 0.2 | 92 | 6 | 1 | 370.9 | 647514 | 1031999 | 473 | 13 | -55 |
| OEDD0102 | 4.0 | 5.0 | 1.0 | 0.6 | 0.2 | 53 | 1 | 1 | 500.3 | 647675 | 1032344 | 477 | 155 | -55 |
| and | 186.0 | 187.0 | 1.0 | 3.8 | 4 | |||||||||
| and | 194.0 | 207.0 | 13.0 | 2.7 | 35 | |||||||||
| and | 211.0 | 219.0 | 8.0 | 13.3 | 106 | |||||||||
| and | 230.0 | 231.0 | 1.0 | 0.7 | 1 |
Background on the Charger Zone
The Charger Zone is one in every of 4 grassroots discoveries Awalé has made on its Odienné venture. Charger is a discovery that has delivered a number of high-grade outcomes from drilling which incorporates the next high-grade intercepts in a breccia to the south of that intercepted in OEDD-83 and now OEDD-100 (see information releases January 11, 2023, March 29, 2023, August 21, 2023, March 25, 2024 and July 31, 2024):
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OEDD-83: 57m @ 26 g/t Au from 164m downhole
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OEDD-88: 29m @ 20 g/t Au from 149m downhole
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OEDD-84: 70m @ 1.2 g/t Au from 143m downhole
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OEDD-100: 59m @ 14.7 g/t Au from 140m downhole
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OEDD-85: 21m @ 1.7 g/t Au from 177m and 10m @ 7.8 g/t Au from 202m downhole
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OERC-132: 32m @ 3.0 g/t Au from 74m downhole
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OEDD-45 (step again from OERC 132) accommodates 3 high-grade intervals inside a 65m huge zone of mineralization which included
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12m @ 4.9 g/t Au from 89m downhole,
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13m @ 1.3 g/t Au from 114m downhole, and
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21m @ 1.3 g/t Au from 133m downhole
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Gap OEDD-53 (50m step again from OEDD-45): 32m @ 1.5 g/t Au from 215m downhole
The corporate has additionally decided the true width of the breccia between holes OEDD-83 and OEDD-100 to be over 30 metres, and the intercept in OEDD-88 being an extra 25 metres away from OEDD-100. This drilling has established a 200-metre hall of breccia mineralization the place high-grade mineralisation is considered managed by folding and hosted within the hinge zone of those folds. Furthermore, the Firm has gained a clearer understanding of the distinctive and sophisticated traits of the Charger goal, presenting a chance to check the fold mannequin inside the present hall in addition to step-out and take a look at for different parallel zones.
About Awalé Assets
Awalé is a diligent and systematic mineral exploration firm centered on discovering massive high-grade gold and copper-gold deposits. Exploration actions are presently underway within the underexplored areas of Côte d’Ivoire, the place the Firm is targeted on the Odienné Copper-Gold Undertaking (“Odienné” or the “Undertaking“), protecting 2,489 km2 throughout seven permits. This consists of 796 km2 in two permits held below the Awalé-Newmont Joint Enterprise (“OJV”). Awalé manages all exploration actions over the OJV, with funding supplied by Newmont Joint Ventures Restricted (“Newmont”) (see Could 31, 2022 information launch).
Awalé has found 4 gold, gold-copper, and gold-copper-silver-molybdenum discoveries inside the OJV and has not too long ago commenced exploration on its 100%-owned properties following an $11.5 million capital elevate in April 2024.
The Odienné Undertaking is underexplored and has a number of pipeline prospects with related geochemical signatures to Iron Oxide Copper Gold (IOCG) and intrusive-related mineral methods with substantial upside potential. The Firm advantages from a talented and properly seasoned technical group that enables it to proceed exploring in a pro-mining jurisdiction that provides important potential for district-scale discoveries.
High quality Management and Assurance
Analytical work for drill samples is being carried out on the unbiased Intertek Laboratories in Ghana and Australia, an ISO 17025 (2017) Licensed Laboratory. Samples are saved on the Firm’s subject camps and put into sealed baggage till collected by Intertek from the Firm’s safe Odienné workplace and transported by Intertek to their preparation laboratory in Yamoussoukro, Cote d’Ivoire, for preparation. Samples are logged within the monitoring system, weighed, dried, and pulverized to higher than 85%, passing a 75-micron display screen. Two pulps are ready from every pattern with one stream to Intertek Ghana for hearth assay and a second to Australia the place the pattern is analyzed by 52 factor ICP/MS with an Aqua Regia digest. Blanks, duplicates, and licensed reference materials (requirements) are getting used to observe laboratory efficiency in the course of the evaluation. All hearth assay samples returning higher than 5 g/t gold are routinely Display screen Fireplace Assayed, on this particular case decrease than 5g samples up and down gap from the high-grade interval in OEDD-88 have been additionally topic to Display screen Fireplace Assays. As an extra QC precaution as a result of seen gold presence, Intertek was requested to insert a quartz wash between every pattern within the mineralized interval, guaranteeing no pattern contamination within the preparation course of.
Mineralized Interval Calculations
Vital intervals reported on this information launch are calculated downhole size weighted intercepts. For the Charger goal preliminary mineralized are calculated at a 0.3 g/t set off and embody inner waste of 3m for delineation mineralized zones.
Abbreviations Used on this Launch
| Au | Gold | |
| g/t | Grams per tonne | |
| km | Kilometres | |
| m | Metres |
Certified Particular person
The technical and scientific info contained on this information launch has been reviewed and authorised for launch by Andrew Chubb, the Firm’s Certified Particular person as outlined by Nationwide Instrument 43-101. Mr Chubb is the Firm’s Chief Govt Officer and holds an Financial Geology diploma, is a Member of the Australian Institute of Geoscientists (AIG) and is a Member of the Society of Financial Geologists (SEG). Mr. Chubb has over 20 years of expertise in worldwide mineral exploration and mining venture analysis.
AWALÉ Assets Restricted
On behalf of the Board of Administrators
“Andrew Chubb”
Chief Govt Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Chubb, CEO
(+356) 99139117
a.chubb@awaleresources.com
Ardem Keshishian, VP Company Improvement & Investor Relations
+1 (416) 471-5463
a.keshishian@awaleresources.com
The Firm’s public paperwork could also be accessed at www.sedarplus.com. For additional info on the Firm, please go to our web site at www.awaleresources.com.
Ahead-Wanting Data
This press launch accommodates forward-looking info inside the that means of Canadian securities legal guidelines (collectively “forward-looking statements”). Ahead-looking statements are usually recognized by phrases similar to: imagine, count on, anticipate, intend, estimate, plans, postulate and related expressions, or are these, which, by their nature, consult with future occasions. All statements that aren’t statements of historic reality are forward-looking statements. Ahead-looking statements on this press launch embody however are usually not restricted to statements concerning, the Firm’s presence in Côte d’Ivoire and skill to attain outcomes, creation of worth for Firm shareholders, achievements below the Newmont JV, works on different properties, deliberate drilling, graduation of operations. Though the Firm believes any forward-looking statements on this press launch are cheap, it may give no assurance that the expectations and assumptions in such statements will show to be right. Elements that would trigger precise outcomes to vary materially from such forward-looking info embody, however are usually not restricted to, adjustments within the state of fairness and debt markets, fluctuations in commodity costs, delays in acquiring required regulatory or governmental approvals, and different dangers concerned within the mineral exploration and growth business, together with these dangers set out within the Firm’s administration’s dialogue and evaluation as filed below the Firm’s profile at www.sedarplus.ca. Ahead-looking info on this information launch is predicated on the opinions and assumptions of administration thought-about cheap as of the date hereof, together with that every one obligatory governmental and regulatory approvals can be obtained as and when anticipated. Though the Firm believes that the assumptions and components utilized in making ready the forward-looking info on this information launch are cheap, undue reliance shouldn’t be positioned on such info. The Firm disclaims any intention or obligation to replace or revise any forward-looking info, apart from as required by relevant securities legal guidelines.
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
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