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Awalé Hits 52.8 g/t Gold over 9 Metres from Charger 1 Step-Down Drilling
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - Awalé Resources Limited has announced promising step-down drilling results from the Charger target at its Odienné Project in Côte d'Ivoire, indicating strong continuity of high-grade gold mineralization and potential for further discoveries [2][4]. Drilling Results - The latest drilling results include a significant intercept of 52.8 g/t gold over 9 metres in hole CHDD-03, which remains open to the northeast, suggesting the possibility of a new high-grade hinge zone [3][8]. - Other notable intercepts include 10.6 g/t gold over 7 metres from CHDD-02 and 17.6 g/t gold over 4 metres from CHDD-04, reinforcing the high-grade potential of the Charger target [8]. Exploration Program - The current drilling program is part of a larger 100,000-metre resource development campaign, with six holes reported as part of a 17-hole phase aimed at supporting an initial mineral resource estimate for the Charger target [4][5]. - Drilling has confirmed the continuity of a steep, southwest-plunging high-grade gold breccia and vein system, with results from additional holes still pending [6][7]. Project Overview - The Odienné Project covers 2,346 km² across seven permits, with ongoing exploration activities in underexplored regions of Côte d'Ivoire [8][9]. - The project has multiple pipeline prospects with substantial upside potential, characterized by geochemical signatures similar to Iron Oxide Copper Gold (IOCG) systems [10]. Company Background - Awalé Resources is focused on discovering large high-grade gold and copper-gold deposits, currently managing exploration activities under a joint venture with Newmont Ventures Limited [9][10]. - The company benefits from a skilled technical team and operates in a pro-mining jurisdiction, enhancing its potential for district-scale discoveries [10].