Awalé Resources Ltd.

Awalé Resources Ltd. is pleased to announce that scout drilling is expected to commence later this week on priority gold targets on the Kodio Trend, Bondoukou Project, after the successful completion of an initial 3,000 m of Reverse Circulation drill program on the Empire and Charger targets at Odienné . First assays from the Empire-Charger drill program are currently expected to be received at the end of May. The Kodio [...]

Awalé Resources Ltd. is pleased to announce that it has completed the second tranche of its non-brokered private placement for 37,655,733 units at a price of $0.06 per unit raising gross proceeds of $2,259,344. The proceeds of the Offering are to be used for ongoing exploration expenditure on its projects in Côte D'Ivoire and for general overhead, working capital and operating expenses. The units consist of one common [...]

Awalé Resources Ltd. wishes to announce that it closed the 1st tranche of its non-brokered private placement financing with the issuance of 17,207,200 units for gross proceeds of $1,032,430.00. The 17,207,200 common shares issued pursuant to this closing are subject to a hold period expiring on August 28, 2021 and the 8,601,100 warrants issued forming part of the unit, are exercisable at $0.12 and will expire on April 27 [...]

Awalé Resources Ltd. is pleased to report that an initial 3000m, 30-hole drill program has commenced over the recently reported Empire Gap, Empire West and Charger targets at the Odienné Project . The Odienné Project drilling will then be immediately followed by a 3000-5000m scout drilling program over new gold targets at the Bondoukou Project. Drilling at Odienné will focus on the following: Resource definition drilling [...]

Awalé Resources Ltd. wishes to announce that, subject to regulatory approval, the Company Vancouver, British Columbia has closed the first tranche of its non-brokered private placement financing as announced on March 31, 2021, of up to 33,333,333 units at a price of $0.06 per unit for gross proceeds of up to $2,000,000. Each Unit will consist of one common share and one-half share purchase warrant; each whole share [...]

Awalé Resources Ltd. is pleased to announce that it has entered into a binding Memorandum of Understanding with Geodrill Limited for a US$1 million drilling for equity program on Awalé's Odienné and Bondoukou gold projects in Côte d'Ivoire. This MoU covers a minimum of 10,000 meters of drilling for value US$1 million, commencing in April over the Company's two focus areas. Odienné Project - Resource definition and [...]

Awalé Resources Ltd. wishes to announce that, subject to regulatory approval, the Company intends to complete a non-brokered private placement of up to 33,333,333 units at a price of $0.06 per unit for gross proceeds of up to $2,000,000. Each Unit will consist of one common share and one-half share purchase warrant; each whole share purchase warrant will be exercisable at a price of $0.12 to purchase a common share of the [...]

Awalé Resources Ltd. is pleased to announce an increase in the geochemical footprint of the high grade Empire Main gold discovery to a strike length of 900m, as well as a new greater than >600m long high order gold anomaly at the Charger Target . Results reported in this release are from an 859 hole auger drill program covering Empire West, Empire Gap and the new Charger target. The drill ready strike extent and an offset [...]

Awalé Resources Ltd. 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 . 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 [...]

Awalé Resources Ltd. is pleased to announce the results of preliminary metallurgical testwork undertaken on 781 mineralized drill core samples from the Empire discovery, with exceptionally high gold recoveries being reported from LeachWELLTM bottle roll tests. Highlights Exceptionally high gold recoveries were returned from LeachWELLTM analyses of all drill core samples at the Empire discovery with gold grades > 0.2 grams [...]