Awalé Resources Limited (TSX-V: ARIC) is pleased to report further exceptional gold results and confirmation of plunge continuity of mineralization from the final 5 holes of the Phase 2 drill program at the Empire gold discovery (Figures 1 & 2).
These reported drill holes have successfully confirmed both the high-grade nature and steep westerly plunge continuity of mineralization at Empire Main. The plunging mineralization remains open and is now tested to a theoretical open pit depth of 125 vertical meters, the open mineralization also confirms the underground potential of Empire Main.
Figures 3 to 7 depict cross sections and a long section for the holes reported in this release.
Note: Drill intervals are reported as downhole, true widths are approximately 75 to 80% of the downhole interval.
A full table of significant intercepts in included in table 1 below.
LINK: SEE FIGURES 1 TO 7:
Company CEO Glen Parsons commented today:
“Empire Main is a significant early-stage high grade gold discovery for Awalé, these final drill holes both verifies the high-grade gold and confirms down plunge continuity of mineralization at Empire Main. We have now also demonstrated shallow mineralisation in hole OEDD-37 with economic gold grades intercepted from surface, further to this shallow mineralization 22m at 4 g/t Au in primary mineralisation from this hole confirms the high-grade nature of the Empire gold system.
Awalé will continue to systematically explore extensions to the Empire Main discovery as well as the Empire Corridor with a view to building a gold camp at Odienné– initial results are now coming through from recent auger drilling at Charger and Empire Extension prospects and look encouraging – we expect to have a complete set of results in the ensuing week. These targets along with the new discoveries at Anomaly 1 and Anomaly 2 will form the core of the 5000m RC/DD drill program planned for May/June 2021.
Our aim is to achieve an initial resource at Empire main and continue to build gold ounces proximal to Empire Main and along strike of the 20 km long Empire mineralized corridor.
I look forward to keeping the market updated accordingly as work programs develop”.
Follow – Up Exploration Plan at Odienné
Awalé remains confident of the upside potential of the Empire Corridor and has an aggressive exploration campaign designed for 2021. The near-term focus for the Odienné project is as follows:
About the Empire Main Discovery
Empire Main discovery is a high-grade gold discovery characterized by multiphase deformation, alteration and veining hosted within a diorite intrusion. Mineralization is associated with early potassic (biotite) alteration+/- Au and pyrite, calc silicate alteration (rare garnet, clinopyroxene and pyrrhotite), and later carbonate and silica sericite alteration. The abundant free gold is likely late and associated with the final silica-carbonate-sericite phase.
High-grade mineralization is hosted in brittle/ductile quartz vein arrays that are oriented from east-west to northeast and exhibit both shallow and steep plunges. The host diorite lies within a > 20 kilometer long and 1 to 2 kilometer wide brittle/ductile shear zone, named the ‘Empire Corridor’. Mineralization at the Empire Main discovery remains open along strike and down dip/plunge. Beyond the Empire Main discovery there is high potential for discovery or similar or larger deposits along this fertile structural corridor.
Empire was discovered through systematic exploration by Awalé, resulting in a coincident geology, gold/arsenic geochemistry, and ground geophysics (Induced Polarization, or “IP”) anomaly. This discovery demonstrates high grade gold bearing fluid flow within the empire corridor, and the company plans to continue exploring along this fertile shear zone to make new discoveries and rapidly accrete the gold inventory through extensions of know mineralization and new discoveries.
Previously reported highlights from the Empire Main drilling are listed below, figures 1 and 2 show drill collars and a long section through the mineralization.:
The above results are all downhole intercepts and are approximately 75% of true width of mineralization.
|Table 1: Significant gold Intercepts in grams per tonne gold for all assayed holes reported in this release.|
|Note on Table 1: Drill intervals are reported as down hole, true widths are approximately 75 to 80% of the downhole interval. Results are reported at a 0.5 g/t Au trigger with 3m of included internal waste, included intervals are with a 1 g/t Au trigger or individual assay values. Short <1 g/t intervals have been omitted.
* Denotes calculations at a 0.2 g/t Au trigger with 3m of internal waste.
Quality Control and Assurance
Analytical work for drill core and RC percussion 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 stored securely until collected by Intertek for transportation to Ghana.
Drill holes reported in this release are HQ core and have been sampled as ¾ core (approximately 6 kg/ meter) with ¼ ‘sliver’ of the core sample being reserved as a library sample at the company offices. The remaining ¾ core samples are logged in the Intertek tracking system, weighed, dried and finely crushed to better than 70%, passing a 2 mm screen of which 50% is pulverized to 85%, passing a 75-micron, the remaining 50% is reserved. The pulverized sample is then leached by the LeachWELL method with a further 2 Fire Assays are completed on the tail samples from the leach to monitor leach efficacy. Total gold is reported from leach and fire assays, at grades of >0.2 g/t gold the leach is recovering 95.4% of all gold.
Blanks, core duplicates, crush duplicates and certified reference material (standards) are being used to monitor laboratory performance during the analysis. As a further measure, all samples in potentially mineralized zones at Empire Main have routinely have a quartz wash placed between each sample to prevent any smearing of high grade gold – 3% of these quartz wash samples are routinely analyzed, the remainder are stored with the analysis pulps.
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 an Economic Geology degree, is a Member of the Australian Institute of Geoscientists (AIG), and is a Member of the Society of Economic Geologists (SEG). Mr Chubb has 18 years of experience in international minerals exploration and mining project evaluation.
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