Awalé Resources Limited (TSX-V: ARIC) is pleased to announce new high-grade gold mineralization in scout Reverse Circulation drilling at the newly-defined Charger prospect, which is located 3km north of the high-grade Empire Main gold discovery. Results have now been received for 22 holes of an initial 23 hole / 1,634m RC program at Charger (Figures 1 to 3), with highlights including:
* True widths of mineralization are unknown from this scout percussion drilling program.
The Charger prospect is a 600m long auger soil gold anomaly (with gold values consistently >90 parts per billion, and a peak value of 0.56 g/t Au; see Company News Release dated March 23, 2021), with this initial drill program consisting of three 160 meter-spaced drill lines targeting the central portion of the anomaly.
The high-grade gold mineralization at Charger is hosted within a diorite body interpreted to have intruded the nose of a fold structure (see Figure 2). The diorite host is variably iron-altered (hematite, magnetite +/- chlorite) with both disseminated sulphide and sulphide veins (Figure 5). This style of alteration is different to that of the Empire Main discovery and is believed by the Company to be conducive to a high grade disseminated style of mineralisation. Follow-up diamond drilling to determine the precise geometry of this new mineralized zone at Charger is currently expected to commence on or around the 16th of June.
Company CEO Glen Parsons commented today:
“We have initial exciting, high grade fresh rock intercepts from the first shallow scout drilling program at Charger.
These new high grade results at Charger are hosted in a fold hinge target that has uncovered a new style of alteration and mineralisation for the Empire Corridor. The Iron Alteration with disseminated sulphides differs from Empire Main and presents as a potential new high grade disseminated style of mineralisation proximal to Empire Main.
These results at Charger and of course Empire Main highlight multiphase fluid flow, alteration, and mineralized systems of the greater Odienné Project, reinforcing Awalé Resources ability to continually unlock and develop the potential for a significant gold camp in Côte d’Ivoire.
We are pleased to be planning and preparing for an immediate follow up diamond and RC phase of drilling to determine the geometry and orientation of the intercepted mineralization”
We also anticipate reporting results from the Empire Main targets in the ensuing weeks as well as initial results from the Bondoukou Scout drilling program in July.”
Table 1: Significant Intercepts – All Charger Drilling
|Hole ID||East||North||RL||Depth||Incl||Azimuth||From||To||Length||Au ppm|
|OERC0116||647854||1032401||476||80||-55||180||Results Not Received|
|* Significant Intercepts calculated using a 0.2 g/t Au trigger value and include 2m of internal waste. No High Cuts.|
Quality Control and Assurance
Analytical work for auger geochemical samples is being carried out at the independent Intertek Laboratories Australia Ltd. an ISO 17025 (2017) Certified Laboratory. Samples are stored at the Company’s field camps and put into sealed bags until collected by Intertek from the Company’s secure Bondoukou or Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Cote d’Ivoire for preparation. Samples are logged in the tracking system, weighed, dried and pulverized to better than 85%, passing a 75-micron screen, this pulp sample is then shipped to Ghana where a 50g charge is Fire Assayed with an AAS finish. Blanks, duplicates and certified reference material (standards) are being used to monitor laboratory performance during the analysis.
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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