Awalé Resources Ltd. the Company wishes to announce that the directors have approved a consolidation of its common shares on the basis of one new common share for every eight outstanding shares and further plans to complete a non-brokered private placement of up to 10,417,000 shares to raise gross proceeds of up to $2,500,000 on a post consolidated basis, at a price of $0.24 per post consolidated common share. Gross [...]
Awalé Resources Ltd. is pleased to announce that a significant new surface gold anomaly has been defined from termitaria sampling at the Alliance Prospect, Empire Corridor, Odienné Project. The Alliance Prospect extends the known strike extent of the Empire mineralized trend by 3km to >6km. Highlights: New 1km long, >100 part per billion surface gold anomaly has been defined from termitaria sampling at the Alliance [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 297,013 payment shares in settlement of C$21,401.41 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited as originally announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its services in cash or a combination of [...]
Awalé Resources Ltd. is pleased to report further results from drilling at the Empire and Charger prospects, Odienne Project, Cote d'Ivoire . Final assay results have now been returned for the last 11 holes completed with the following highlights: Empire Prospect 'Empire Gap' Offset Drilling Five RC holes and one diamond hole were drilled into a 150m lateral offset from the Empire Main discovery known as Empire Gap. This [...]
Awalé Resources Ltd. is pleased to announce that following the recent high grade IOCG styled discovery at the Charger prospect, significant copper/gold anomalism has been delineated in geochemistry surveys completed over the greater Odienné Permit area . Highlights include: Delineation of a >5 km long Cu-Au soil anomaly with Cu values up to 0.18% . The Sceptre Target is located north of the Charger Prospect where recent [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 1,121,270 payment shares in settlement of C$81,250.27 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited, as announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its services in cash or a combination of cash [...]
Awalé Resources Ltd. is pleased to report that elevated copper values are associated with the high-grade gold mineralization previously reported from Reverse Circulation drilling at the Charger prospect, Odienné Project . Both the gold-copper metal association and distinct hematite-rich alteration at Charger are interpreted by the Company to be typical of Iron Oxide Copper Gold style systems, and therefore represents a [...]
Awalé Resources Ltd. is pleased to report that assay results have now been received from 4381m of scout drilling at the Samanda East and the southernmost 4 targets of the Kodio Trend at the Bondoukou project . In addition to previous drilling at Fako, the Company has now tested just 15% of the known 60+km cumulative mineralized strike length for the discovery of gold deposits at the Bondoukou project. Highlights from the [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 2,223,016 payment shares in settlement of $179,689.75 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited as announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its services in cash or a combination of cash [...]
Awalé Resources Ltd. 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 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 . Assays reported from OERC-89 included: OERC-89 1m [...]
Awalé Resources Ltd. is pleased to report that ongoing drilling has resulted in the discovery of new mineralized offset extensions to the Empire Main gold deposit, Odienné Project. The diorite mineralisation now has potential for an open strike length of 900m. Results have now been received for 13 Reverse Circulation holes for 1,224m that were drilled over the Empire Gap and Empire Western extension targets . Highlights [...]
Awalé Resources Ltd. 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 , with highlights including: OERC-89 - 1m at 20.3 grams per tonne gold from 16m downhole, plus 3m [...]
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