21:19:56 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Awale Resources Ltd
Symbol ARIC
Shares Issued 124,069,152
Close 2020-08-18 C$ 0.135
Market Cap C$ 16,749,336
Recent Sedar Documents

Awale begins phase 2 drilling at Odienne

2020-08-19 10:03 ET - News Release

Mr. Glen Parsons reports

AWALE RESOURCES COMMENCES FOCUSED FOLLOW-UP DRILLING PROGRAM AT THE EMPIRE GOLD PROSPECT, ODIENNE GOLD PROJECT, COTE D'IVOIRE

Awale Resources Ltd.'s phase 2 drill program has commenced at the previously announced Empire gold discovery on the Odienne project in northwest Ivory Coast (see releases dated Nov. 19, 2019, Dec. 23, 2019, and Jan. 29, 2020). The program is combined RC/diamond and consists of a minimum of 5,000 metres in approximately 50 holes.

The Empire discovery includes a robust 200 m long and greater than 200 m deep mineralized zone containing high-grade visible gold in fresh rock. The company will drill the interpreted plunge of high-grade intercepts in the discovery zone to test and extend this mineralization. Additional to the high-grade plunge test holes, the company will test three new proximal (within two kilometres), high-order gold-in-auger targets along strike of the discovery zone. These new targets have never been drilled and add a potential 1.2 strike km to the current discovery. The Empire structure also remains open northwest and southeast to the extent of the Awale permits and applications -- approximately 25 km.

Chief executive officer Glen Parsons commented today: "We are excited to announce that the drill is turning again at the Empire discovery. The program will not only test plunging high-grade mineralization within the discovery zone but includes maiden drilling of three high-order untested gold-in-auger anomalies. These anomalies display a similar gold and pathfinder geochemistry to the discovery zone, and potentially add a further 1.2 strike kilometres of mineralization.

"Further to these targets, there remains over 20 strike kilometres of the Empire structure that are as yet untested.

"I look forward to announcing drill results from Empire as they become available."

Quality control and assurance

Analytical work for geochemical samples and rock chip samples is being carried out at the independent Intertek Laboratories Ghana Ltd. an ISO 17025 certified laboratory. Samples are stored at the company's field camps and put into sealed bags, they are transported to the company's Bondoukou office where they are stored securely until collected by Intertek for transportation to Ghana. Samples are logged in the tracking system, weighed, dried and finely crushed to better than 70 per cent, passing a two-millimetre screen. A split of up to 1,000 grams is taken and pulverized to better than 85 per cent, passing a 75-micron screen, and a 50-gram split is analyzed by fire assay or aqua regia with an atomic absorption spectroscopy finish. 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 a economic geology degree, is a member of the Australian Institute of Geoscientists, and is a member of the Society of Economic Geologists. Mr. Chubb has 17 years of experience in international minerals exploration and mining project evaluation.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.