VANCOUVER, BC , March 29, 2023 /CNW/ - Awalé Resources Limited (" A walé " or the " Company ") (TSXV: ARIC) is pleased to provide the following assay results for scout drilling completed at the Charger and Sceptre East targets at its Odienné Project in Côte d'Ivoire (Figure 1). A total of nine holes for 1,292.2m were completed over initial geophysical and geochemical targets (see Company News Release dated January 17, 2023 ), with seven holes having intersected significant alteration and sulfide mineralization. Highlights from this drilling are summarized below.

Highlights

CHARGER TARGET – High Grade Gold - Silver - Copper Target (Figures 2 and 3)

Two drill holes targeted intrusive-hosted sulfide mineralization underlying previously untested gossans and new artisanal workings. Highlights include:

OERC-132:
32m @ 3.0 g/t (grams per tonne) Au (gold), 0.17% Cu (copper) and 6.6 g/t Ag (silver) from 74m downhole.
Including 4m @ 12.4 g/t Au, 0.7% Cu and 30 g/t Ag from 78m downhole.
SCEPTRE EAST TARGET – New Discovery - Large Porphyry/Intrusion Related Gold-Copper Target (Figures 4 and 5)

Initial scout drilling at Sceptre East focused on an approximately 1km long section of a multi-kilometer combined ground geophysical (Induced Polarization, or IP) and soil 'Cu-Au anomaly'. Over 500m x 300m of open mineralization has been identified at Sceptre east, the drill holes reported below all end in mineralization.

OERC-128 – End of Hole ("EOH") at 126m
120m @ 0.13% Cu, 0.14 g/t Au, 1.5 g/t Ag and 82 ppm Mo (Molybdenum) from 6m downhole.
Including 13m @ 0.12% Cu, 0.3 g/t Au, 1.6 g/t Ag and 146 ppm Mo from 39m downhole.
And 48m @ 0.21% Cu, 0.11 g/t Au, 2.2 g/t Ag and 102 ppm Mo from 78m downhole.
OERC-129 - EOH at 132m
121m @ 0.18% Cu, 0.21 g/t Au, 2.4 g/t Ag and 136 ppm Mo from 11m downhole.
Including 20m @ 0.3 g/t Au, 0.13% Cu, 1.7 g/t Ag and 183 ppm Mo from 30m downhole.
And 22m @ 0.43% Cu, 0.5 g/t Au, 6.6 g/t Ag and 171 ppm Mo from 72m downhole.
OERC-130 – EOH at 138m
133m @ 0.13% Cu, 0.15 g/t Au, 1.6 g/t Ag and 312 ppm Mo from 5 meters downhole.
Including 38m @ 0.13% Cu, 0.21 g/t Au 1.7g/t Ag and 284 ppm Mo from 14m downhole.
And 28m @ 0.14% Cu, 0.21 g/t Au, 1.9 g/t Ag and 296.1 ppm Mo from 62m downhole.
The Sceptre Main and Sceptre West targets, within an adjacent 3km long soil Cu-Au anomaly, was not tested during this scout drill program.

View Attached Figures: https://www.awaleresources.com/_resources/news/nr-20230329-figures.pdf

Glen Parsons , Chief Executive Officer, commented:

" The results from these nine scout holes at the Charger and Sceptre East targets mark an exciting turning point for Awalé going forward. The Odienné project has two new discoveries from the first two targets drilled under the Newmont-funded JV, it seems clear that we are exploring in a large scale polymetallic system that is now delivering exciting results and confirming the intrusive and structural related models with multi-phase fluid flow. The understanding of the sheer scale of the Odienné mineralized system is unfolding and accelerating as the exploration program gathers momentum.

see & read more on
https://www.awaleresources.com/news/2023/awalxe9-resources-reports-high-grade-gold-and-a-new-copper-gold-discovery-from-odiennxe9-jv-drilling