03:24:51 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Awale Resources Ltd
Symbol ARIC
Shares Issued 79,651,712
Close 2020-04-16 C$ 0.06
Market Cap C$ 4,779,103
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Awale cuts back planned drilling in Cote d'Ivoire

2020-04-20 11:17 ET - News Release

Mr. Glen Parsons reports

AWALE RESOURCES COMPANY UPDATE

Awale Resources Ltd. has provided an update on the following.

In light of developments regarding COVID-19, Cote d'Ivoire has implemented internal control measures in an attempt to contain and minimize transmission.

In the interest of safety and well-being of its employees and their respective families, the company has temporarily wound back planned drilling and field programs and has implemented new protocols and operating procedures. The company is working with local staff to re-establish planned work programs in a safe working environment. Furthermore, costs have been reduced with cash contribution from all salaried employees to assist in getting through this difficult unknown period. This loyalty is commendable as these efforts help ensure the team remains fully employed until a normalizing of conditions in the field can be achieved.

On a positive note, the company has soil and auger geochemistry samples still to be received from both the Odienne Empire gold discovery and Bondoukou targets. Refining drill and exploration targets from this data will ensure the company rapidly gains momentum for drilling and target refinement at Odienne and Bondoukou as soon as conditions allow for it to get on the ground. In the interim, its project sites remain secure and are continually monitored.

We seek Safe Harbor.

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