Iron Oxide Copper Gold (IOCG)
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Awalé Confirms 'BBM Style' Mineralization at the 100%-Owned Fremen Target
Newsfile· 2025-10-29 11:00
Core Insights - Awalé Resources Limited has reported positive assay results from Reverse Circulation drilling at the Fremen target, part of the Odienné Project in Côte d'Ivoire, confirming mineralization over an extended area [2][3][4] Drilling Results - The second phase of drilling confirmed mineralization within a 5-kilometre extension to the initial 4-kilometre-long zone, with mineralization intercepted in 4 of 5 drill fences [3][7] - Shallow drilling has confirmed near-surface mineralization over 8 kilometres of strike, with follow-up diamond drilling scheduled to begin in November [4][8] - Significant shallow drill intersections include 7m at 0.6 g/t Au from 97m downhole and 14m at 0.4 g/t Au from 6m downhole [7][8] Financial Position - The company has a treasury of C$15 million, which positions it well to advance the Fremen target and develop a pipeline of drill-ready targets across its 100%-owned properties covering approximately 1,550 km² [5][6] Future Plans - A 100,000m drill program is on schedule to commence after the rainy season in October 2025, with plans for up to 5 rigs on site and near-continuous drilling throughout 2026 [6][8] - The company anticipates publishing assay results from earlier drilling at the Charger target in the near term [6] Exploration Context - The Odienné Project covers 2,346 km² and is underexplored, with multiple pipeline prospects showing potential for large high-grade gold and copper-gold deposits [10][12] - Awalé has discovered four mineralized systems within the joint venture with Newmont and is actively exploring its 100%-owned properties [11][12]
Awalé Announces 100,000-Metre Drill Program at Odienné
Newsfile· 2025-10-03 11:00
Core Insights - Awalé Resources Limited is initiating a significant drilling program of up to 100,000 metres at the Odienné Project in Côte d'Ivoire, aimed at resource definition and discovery through 2026 [1][2][4] - The program is expected to lead to the first Mineral Resource Estimate and Preliminary Economic Assessment by Q2 2026, with a Pre-Feasibility Study planned for 2027 [2][4] - The company is also advancing exploration on newly granted Sama and Seydou permits, which are believed to have district-scale potential [3][4] Company Overview - Awalé Resources is focused on discovering large high-grade gold and copper-gold deposits in Côte d'Ivoire, covering an area of 2,346 km² across seven permits [9][10] - The company has an inventory of discoveries indicating the Odienné Project as a district-scale mineralized system, with ongoing exploration on both joint venture and 100%-owned properties [10][11] - The company is well-financed with C$15 million cash on hand, supporting its ambitious drilling program [7][5] Drilling Program Details - Drilling is set to commence after the rainy season in October 2025, with plans for near-continuous drilling throughout 2026 using up to five rigs [6][7] - The program includes a 12,000-metre discovery drill program on 100%-owned permits and an additional 88,000-metre program on the Odienné East JV permit [7] - The company anticipates publishing assay results from previous drilling at Charger, BBM, and Fremen in the near term [6]
Awalé Commences Trading on the OTCQX Market in the United States
Newsfile· 2025-07-29 11:00
Core Viewpoint - Awalé Resources Limited has commenced trading on the OTCQX Best Market, enhancing its visibility and accessibility to U.S. investors while continuing to trade on the TSX Venture Exchange [2][4][8]. Company Overview - Awalé Resources is focused on mineral exploration, particularly in Côte d'Ivoire, targeting high-grade gold and copper-gold deposits [5][7]. - The company is currently exploring the Odienné Copper-Gold Project, which spans 2,346 km² across seven permits, including a joint venture with Newmont [5][6]. Market Impact - Trading on the OTCQX is expected to broaden Awalé's investor base and improve access to U.S. capital markets, which is crucial for the company's growth strategy [3][4]. - The OTCQX is recognized as the highest level market of the OTC Markets, where 12,000 U.S. and global securities are traded, indicating a significant platform for visibility [3]. Exploration and Discoveries - Awalé has identified four mineralized systems within the joint venture with Newmont and has initiated exploration on its wholly-owned properties [6]. - The Odienné Project is characterized by underexplored potential and multiple prospects with favorable geochemical signatures, suggesting significant upside for future discoveries [7].
Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont Corporation
GlobeNewswire News Room· 2025-06-16 10:30
Core Viewpoint - Inflection Resources Ltd. has entered into a definitive agreement to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects from Newmont Corporation, which includes the Tennant East and Bell River projects, indicating a strategic expansion in high-potential mineral exploration [1][3][8]. Group 1: Project Details - The Bell River project spans approximately 115 km² and is located in the Macquarie Arc, known for its rich porphyry copper-gold deposits, situated 65 km north of Newmont's Cadia mine [5][8]. - Significant geological features at Bell River include advanced argillic alteration zones and high gold values of up to 40.8 g/t, with copper content reaching 1% in surface rock samples [6][7]. - The Tennant East project covers around 4,200 km² and consists of twelve exploration licenses, targeting Iron Oxide Copper Gold (IOCG) mineralization with minimal prior exploration [13][15]. Group 2: Acquisition Terms - For the Bell River project, Inflection will issue 1,000,000 common shares to Newmont and make a one-time payment of AUD$2.5 million upon completion of a JORC or NI43-101 compliant Pre-Feasibility Study, plus AUD$5.0 million upon the start of commercial production [21]. - The Tennant East project acquisition involves issuing 250,000 common shares and reimbursing Newmont for tenement renewal fees, with Newmont retaining a 1.5% net smelter return (NSR) royalty [22]. Group 3: Exploration Strategy - Inflection's exploration strategy will focus on systematic reviews of previous exploration data, geological interpretation, and the integration of geological, geochemical, and geophysical data to identify potential mineralization [20]. - The company aims to explore the newly acquired projects in parallel with its existing exploration programs funded by AngloGold Ashanti, leveraging its systematic exploration approach [3][8].
Awalé Hits 12 g/t Gold over 26 Metres Among Multiple High-Grade Intercepts at the Charger Target, Odienné Project
Newsfile· 2025-04-17 11:30
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].