VANCOUVER, BC , June 30, 2021 /CNW/ - Awalé Resources Limited (" Awalé " or the " Company ") (TSXV: ARIC) is pleased to report that follow-up diamond drilling is now underway at the Company's 100%-owned Odienné Project in Cote d'Ivoire . The first hole completed (OEDD-38) is a diamond twin hole of Charger Reverse Circulation hole OERC-89 and is interpreted to have successfully intersected the equivalent to the high-grade gold mineralization reported in OERC-89 (see Company News Release dated June 14, 2021 ; Figure 1). Assays reported from OERC-89 included:
OERC-89
1m @ 20.3 grams/tonne ("g/t") gold ("Au") from 16m downhole, plus
3m @ 9.0 g/t Au from 30m downhole
Diamond twin hole (OEDD-38) has intersected 5 meters of a sulfide-bearing iron breccia from 24 meters down hole (Figure 2; assays pending) in a corresponding downhole position to the high-grade mineralization previously reported in OERC-89. The Company will commence drill testing a fold plunge model as follow up to OEDD-38 later this week.
Company CEO Glen Parsons commented today:
"Seeing the extensive alteration system around these high grade, fresh rock results at Charger gives us an exciting high-grade target to understand and chase. We look forward to developing our understanding of this intensely iron altered hydrothermal breccia as the potential core of mineralization by reviewing the core and subsequent analysis from the newly planned plunge test drilling.
We see a busy period for us going forward with the ongoing reporting of results from the Bondoukou scout drilling program in the ensuing weeks as well as results from this follow up drilling at the Charger and Empire Main targets."
Table 1: Drill Collar location for OEDD-38 Assays are pending.
Hole ID
East North RL Azimuth Dip EOH Depth Comment OEDD-38 647790 1032309 478 292
-50 57.4
Assays Pending
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.
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