VANCOUVER, BC , Aug. 23, 2022 /CNW/ - Awalé Resources Limited (" A walé " or the " Company ") (TSXV: ARIC) is pleased to provide the following update on ongoing exploration activities at the Odienné gold-copper project in Cote D'Ivoire (Figures 1 and 2). The Odienne Project is subject to an earn in joint venture agreement ("JV") with Newmont Ventures Limited ("Newmont") (see Company News Release dated May 31, 2022 ). The JV is now fully operational, and the Company is pleased to report the discovery of a new 4km-long high-tenor copper (+molybdenum & arsenic) anomaly at the Lando prospect (Figure 3). The Lando prospect is located approximately 18km due N of the Sceptre copper-gold anomaly, and was identified as an area of interest from initial soil sampling completed in the area by Randgold in the 1990's.

The Lando anomaly is a 4km long, >99ppm (80 th percentile) copper ("Cu") anomaly with a 1km >387ppm Cu core (98 th percentile), The Lando copper anomaly, defined through pXRF analyses, is also associated with elevated values of both molybdenum and arsenic. These latest results are indicative of a third significant copper footprint at Odienne with similarities to both the Sceptre and Charger targets in the south of the permit area. Legacy soils from a small 600x600m soil grid completed by Randgold in the area returned up to 350ppb gold – old trenches (with no data) have been located at Lando and the soil grid is thought to cover the same locality. Approximately 836 samples covering this pXRF anomaly have been sent for 52 element ICP and gold analysis and results are expected in 4 to 6 weeks.

Furthermore, the company has now collected around 75% of a planned c.2800 sample soil and termitaria program along the 'BBM' prospect to the east and southeast of Lando (Figure 2). The BBM prospect covers some 17 strike kilometers along the interpreted belt-basin margin between deep water sedimentary rocks to the east and northeast and a volcanic/volcaniclastic series to the west – a typical setting for gold mineralization in west Africa . Initial pXRF* results for this program are anticipated to be available by the end of Q3.

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https://www.awaleresources.com/news/2022/awalxe9-delineates-new-4km-long-soil-copper-anomaly-at-the-lando-prospect-odiennxe9-joint-venture-cote-divoire