{"id":15435,"date":"2025-02-27T14:53:40","date_gmt":"2025-02-27T14:53:40","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/02\/27\/awale-provides-progress-update-for-odienne-project\/"},"modified":"2025-02-27T14:53:40","modified_gmt":"2025-02-27T14:53:40","slug":"awale-provides-progress-update-for-odienne-project","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/02\/27\/awale-provides-progress-update-for-odienne-project\/","title":{"rendered":"Awal\u00e9 Provides Progress Update for Odienn\u00e9 Project"},"content":{"rendered":"<\/p>\n
\n

HIGHLIGHTS<\/p>\n

Completed 2,014m scout RC drill program across 22 holes over high-priority geochemical and IP anomalies at the 100%-owned Fremen target, with initial results expected in April 2025.
\nCompleted a 150-line-km IP geophysics survey covering over 15km of strike along the BBM trend, with final processed images expected in March 2025.
\nCommenced up to 4,000m of RC drilling on the BBM extensions, with initial results expected in April\/May 2025.
\nCompleted 6,380m of DD across 22 holes and one re-entry hole at BBM.
\nContinuing with 2,500m of DD in 10 holes at Charger, testing the fold model, with results expected in April\/May 2025.
\nCompleted 1,168m of DD in 6 holes at Empire, targeting the top 120 vertical metres to increase confidence in the structural model, with results expected in April\/May 2025.
\nPreparing to commence drill program at Lando, with a plan for 5 DD holes for 1,000m and 20 RC holes for 1,600m.<\/p>\n

Awal\u00e9 Resources Limited (TSXV: ARIC) (\u2018Awal\u00e9\u2019 or the \u2018Company\u2019) is pleased to provide an update on its exploration activities at the Odienn\u00e9 Project (\u2018Odienn\u00e9\u2019 or the \u2018Project\u2019) in C\u00f4te d\u2019Ivoire (Figure 1). At the start of the year, the Company set an ambitious work program that included commencing drilling at its 100%-owned Fremen property, advancing de-risking efforts at the BBM and Charger targets, resuming work on the Empire and Lando targets, and expanding its regional exploration focus to unlock the full potential of Odienn\u00e9.<\/p>\n

Andrew Chubb, CEO of Awal\u00e9 Resources, commented: \u2018With multiple active exploration fronts, Awal\u00e9 remains committed to delivering consistent updates and advancing its high-grade gold-copper targets at Odienn\u00e9. Most recently, the completion of 2,014m of drilling at the 100%-owned Fremen target and geophysics along the BBM trend mark another important milestone in our systematic exploration approach to unlocking the potential of the Odienn\u00e9 Project. We look forward to updating the market as results become available and as we continue advancing exploration of the Odienn\u00e9 Project.\u2019<\/p>\n

Current Target Summary<\/p>\n

Fremen Target (100% Awal\u00e9) <\/p>\n

Completed 2,014m scout reverse circulation (\u2018RC\u2019) drill program across 22 holes over high-priority geochemical and IP anomalies (Figure 2), with initial results expected in April 2025.<\/p>\n

BBM extensions<\/p>\n

Commenced up to 4,000m of RC drilling on the BBM extensions, targeting key structural trends identified from previous drilling and geophysical surveys, with initial results expected in April\/May 2025.<\/p>\n

BBM trend<\/p>\n

Completed a 150-line-km Induced Polarization (\u2018IP\u2019) geophysics survey covering over 15km of strike along the BBM trend, extending from the Fremen target in the southeast to the recently identified Boba and Fett targets in the north (Figure 3), with final processed images expected in March 2025.<\/p>\n

BBM Target<\/p>\n

Completed a total of 6,379.9m of diamond drilling across 22 holes and one re-entry hole, with pending assay results from 18 drill holes.
\nResults continue to meet expectations, returning robust gold and copper mineralization with consistent broad width and grade and further confirming the continuity of mineralization at BBM and its potential as a significant near-surface resource.<\/p>\n

Charger Target<\/p>\n

Drilling continues with 2,500m of DD in 10 holes, testing the fold model, which has previously returned 57m @ 26 g\/t Au in hole OEDD-83 and 59m @14.7 g\/t Au in OEDD-100. Eight holes have been completed, with results expected in April\/May 2025.<\/p>\n

Empire Target<\/p>\n

Empire was the Company\u2019s first high-grade gold discovery, with previous results including 15m @ 13.1 g\/t Au in hole OEDD-24. Exploration had covered approximately only 5km of 20km trend.
\nCompleted 1,168m of DD in 6 holes at Empire, targeting the top 120 vertical metres to increase confidence in the structural model, with results expected in April\/May 2025.<\/p>\n

Lando Target<\/p>\n

Lando is a large 4km-long copper-gold soil anomaly, located 10km northwest of BBM.
\nPreparing to commence a 5 DD holes for a 1,000m and 20 RC holes for 1,600m program.<\/p>\n

Figure 1: The Odienn\u00e9 Project \u2013 2,462 square kilometres, showing targets for the project area.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10016\/242634_eac7123474630b2f_002full.jpg<\/p>\n<\/p>\n

Figure 2: Induced Polarization \u2018Chargeability\u2019 image with the BBM and Fremen gold footprint superimposed in red. Drilled RC lines for the Fremen target are shown as black lines P1 to P4. Top right in an inset of the Fremen target.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10016\/242634_eac7123474630b2f_003full.jpg<\/p>\n<\/p>\n

Figure 3: The 15km-long BBM shear \u2013 A 15km trend with Fremen to the southeast, BBM, and Boba and Fett targets to the north.<\/p>\n

To view an enhanced version of this graphic, please visit:
https:\/\/images.newsfilecorp.com\/files\/10016\/242634_eac7123474630b2f_004full.jpg<\/p>\n

About Awal\u00e9 Resources<\/p>\n

Awal\u00e9 is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of C\u00f4te d\u2019Ivoire, where the Company is focused on the Odienn\u00e9 Copper-Gold Project (\u2018Odienn\u00e9\u2018 or the \u2018Project\u2018), covering 2,489 km2 across seven permits. This includes 796 km2 in two permits held under the Awal\u00e9-Newmont Joint Venture (\u2018OJV\u2019). Awal\u00e9 manages all exploration activities over the OJV, with funding provided by Newmont Joint Ventures Limited (\u2018Newmont\u2018).<\/p>\n

Awal\u00e9 has discovered four gold, gold-copper, and gold-copper-silver-molybdenum discoveries within the OJV and has recently commenced exploration on its 100%-owned properties following an $11.5 million capital raise in April 2024.<\/p>\n

The Project is underexplored and has multiple pipeline prospects with similar geochemical signatures to Iron Oxide Copper Gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The Company benefits from a skilled and well-seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.<\/p>\n

Abbreviations Used in this Release<\/p>\n

\n

Au
\nGold<\/p>\n

DD
\nDiamond drilling<\/p>\n

g\/t
\nGrams per tonne<\/p>\n

IP
\nInduced Polarization<\/p>\n

RC
\nReverse circulation<\/p>\n

km
\nKilometres<\/p>\n

m
\nMetres<\/p>\n<\/div>\n

\u00a0<\/p>\n

Qualified Person<\/p>\n

The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the Company\u2019s Qualified Person as defined by National Instrument 43-101. Mr. Chubb is the Company\u2019s Chief Executive 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 Geoscientists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.<\/p>\n

AWAL\u00c9 Resources Limited
On behalf of the Board of Directors<\/p>\n

\u2018Andrew Chubb\u2019
Chief Executive Officer<\/p>\n

\n

FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Chubb, CEO
(+356) 99139117
a.chubb@awaleresources.com<\/p>\n

Ardem Keshishian, VP Corporate Development
+1 (416) 471-5463
a.keshishian@awaleresources.com<\/p>\n<\/div>\n

The Company\u2019s public documents may be accessed at www.sedarplus.com. For further information on the Company, please visit our website at www.awaleresources.com.<\/p>\n

Forward-Looking Information<\/p>\n

This press release contains forward-looking information within the meaning of Canadian securities laws (collectively \u2018forward-looking statements\u2019). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company\u2019s presence in C\u00f4te d\u2019Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont JV, works on other properties, planned drilling, commencement of operations. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company\u2019s management\u2019s discussion and analysis as filed under the Company\u2019s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.<\/p>\n

Neither the 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.<\/p>\n<\/p>\n

To view the source version of this press release, please visit https:\/\/www.newsfilecorp.com\/release\/242634<\/p>\n<\/p>\n<\/div>\n

News Provided by Newsfile via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

HIGHLIGHTS Completed 2,014m scout RC drill program across 22 holes over high-priority geochemical and IP anomalies at the 100%-owned Fremen target, with initial results expected in April 2025. Completed a 150-line-km IP geophysics survey covering over 15km of strike along the BBM trend, with final processed images expected in March 2025. Commenced up to 4,000m […]<\/p>\n","protected":false},"author":0,"featured_media":15436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-15435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/15435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=15435"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/15435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/15436"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=15435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=15435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=15435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}