#AwaleResources #GoldMining #MiningExploration #CoteDIvoire #NewmontJV #ChargerProspect #BBMProspect #IOCG
Awalé Resources (TSXV: ARIC), a dynamic force in the mineral exploration sector, is pleased to unveil the commencement of an expansive 3,000-meter diamond drilling program targeting the Charger Prospect within the expansive Odienné project. This venture is primed to build upon the groundbreaking announcement of a high-grade gold discovery: 26 g/t gold over 57 meters, encapsulating an extraordinary 45.7 g/t gold across 32 meters from a depth of 165 meters in drill hole OEDD-83 at Charger. Furthermore, the program anticipates the initiation of a 4,000-meter drilling campaign at the BBM discovery, propelled by the promise shown from an earlier 75m intercept at 2.4 g/t gold equivalent. This strategic exploration is underpinned by funding from Newmont, illustrating a robust collaboration that leverages Awalé’s exploration prowess with Newmont’s investment in discovery.
Andrew Chubb, CEO of Awalé Resources, reflects on this significant moment, “Our recent discoveries at Charger and BBM are pivotal, prompting an immediate resumption of drilling. This next phase signifies a major leap in our objective to delineate a newly unfolding mining and exploration district within Côte d’Ivoire. The initial results from Charger and BBM are just the beginning, highlighting the latent potential we aim to unlock.”
The Charger Prospect, with its recent 57m @26 g/t gold intercept, reinterprets the potential for broader mineralization, hinting at interconnected breccia zones at depth, which could considerably augment the volume of high-grade gold mineralization. This vision is further reinforced by the consolidation of significant high-grade intercepts in preceding drilling, laying the groundwork for a robust exploration advance.
The initiative is a part of the Awalé-Newmont JV – ‘Odienné Project JV’, which orbits around an earn-in agreement with Newmont Ventures Limited, permitting Newmont to achieve a minimum of 65% interest in return for USD 15 million in exploration expenditures. This partnership, a testament to Awalé’s exploration success, entrenches Awalé’s position as a catalyst in uncovering high-grade gold and copper-gold deposits within Côte d’Ivoire’s underexplored terrains.
Awalé’s methodical approach has culminated in four significant gold and gold-copper-silver-molybdenum discoveries under the Odienné Project JV, amplifying the region’s potential for large-scale Iron Oxide Copper Gold (IOCG) mineral systems. Concurrently, Awalé steadfastly adheres to rigorous quality control protocols and analytical rigor in sample analysis, ensuring the reliability and accuracy of exploration data.
As Awalé Resources forges ahead, buoyed by strategic partnerships and a clear vision, its exploration endeavors stand as a beacon of potential, aiming to redefine the mineral wealth of Côte d’Ivoire and deliver substantial returns to its stakeholders.
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