Awalé Hits 3.3 g/t Gold Equivalent over 38 Metres from First BBM Underground Drilling, Confirming Strong Grades at Depth

Core Insights - Awalé Resources Limited has reported promising assay results from the first six holes of its underground drilling program at the BBM gold-copper discovery within the Odienné Project in Côte d'Ivoire, indicating strong potential for high-grade mineralization [2][4][13]. Drilling Program Details - The current drilling program consists of 11 holes and a total of 7,000 meters, aimed at testing the down-plunge extension of BBM's high-grade core to an initial depth of 600 meters [3][5]. - The initial results show increasing gold and copper grades at depth, suggesting significant underground potential [4][6]. Mineral Resource Estimate - A Mineral Resource Estimate (MRE) is targeted for early Q2 2026, with the potential for BBM to become one of the largest gold-copper discoveries in West Africa [4][13]. - The drilling has demonstrated open-pit potential over a 1.2 km zone, with ongoing efforts to define the underground potential [4][5]. Exploration Activities - Concurrent exploration programs are being conducted across Awalé's 100%-owned permits, including intensive surface geochemistry at Seydou and Sama, and a 3,000-meter air-core program at the Fremen target [8][9]. - The company is advancing exploration across its broader Odienné land package, aiming for new discoveries [8][9]. Significant Intercepts - Notable intercepts from the drilling include: - 3.3 g/t gold equivalent over 38 meters from 447 meters depth (BBDD-20) - 2.1 g/t AuEq over 22 meters from 505 meters depth (BBDD-9) - 2.0 g/t AuEq over 42 meters from 459 meters depth (BBDD-15) [12][13]. Technical and Quality Control - Analytical work for drill samples is conducted at independent laboratories in Ghana and Australia, ensuring high standards of quality control [16]. - Significant intervals are calculated as downhole length-weighted intercepts, with true widths estimated to be 70% of downhole widths [17].