Awalé Hits 12 g/t Gold over 26 Metres Among Multiple High-Grade Intercepts at the Charger Target, Odienné Project

Core Viewpoint - Awalé Resources Limited has announced high-grade gold assay results from its drilling campaign at the Charger zone of the Odienné Project in Côte d'Ivoire, confirming the potential for significant mineralization and the discovery of new parallel zones [3][4][6]. Group 1: Drilling Results - The first nine diamond drill holes have yielded significant results, including 26 meters of 12 grams per tonne (g/t) gold in hole OEDD-120 and 95 meters of 1.8 g/t gold in hole OEDD-118 [3][4]. - Drill hole OEDD-137 intersected 26 meters at 2 g/t gold, indicating the presence of a new mineralized breccia approximately 50 meters west of the northeastern mineralization corridor [4][7]. - Additional shallow mineralization was found in holes OEDD-136 and OEDD-121, with notable intercepts including 4.0 meters at 18.5 g/t gold and 1.5 meters at 13.4 g/t gold [7]. Group 2: Geological Insights - The mineralization at Charger is interpreted as magnetite-destructive, occurring within low magnetic zones, which has led to the identification of four new target areas adjacent to the current discovery zone [6][13]. - The exploration program is based on a "Fold Model" interpretation, confirming that mineralization is hosted in a breccia and folded vein system with a northeast-southwest orientation [10][12]. - The style of mineralization transitions with depth, with a polymetallic zone above 100 meters and a higher-grade gold zone below, where sulphides are typically disseminated at concentrations of 1% to 3% [11][12]. Group 3: Future Plans - The company plans to continue drilling deeper holes starting in May, with assays pending for four additional holes targeting high-grade mineralization approximately 70 meters down-dip from previous hits [5][9]. - Awalé is advancing the Odienné Project as a district-scale opportunity, with Charger and other discoveries indicating the potential for a multi-target system [13][19]. - The company aims to build a pipeline of targets based on a coherent geological thesis, enhancing its exploration strategy in Côte d'Ivoire [13][19].