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Awalé Confirms 'BBM Style' Mineralization at the 100%-Owned Fremen Target
Newsfile· 2025-10-29 11:00
HIGHLIGHTSAwalé is advancing its geological understanding of the Fremen target, with shallow drilling confirming near-surface mineralization along 8 kilometres of strike.RC drilling confirms mineralization over 5-kilometre-long gold-in-termite mound anomaly, extending the zone.Mineralization hosted in sheared and altered intrusive rocks, consistent with the BBM discovery setting.Shallow drill intersections include:7m @ 0.6 g/t Au from 97m downhole in hole SSRC-34, including 3m @ 1.1 g/t Au from 99m14m @ 0. ...
Awalé Announces 100,000-Metre Drill Program at Odienné
Newsfile· 2025-10-03 11:00
HIGHLIGHTS12,000-metre discovery drill program on 100%-owned permits with C$15 million cash on hand.Up to 88,000-metre discovery and resource definition drill program on the Odienné East JV permit throughout 2025-2026.Drilling begins October 2025, targeting first Mineral Resource Estimate in 2026.Toronto, Ontario--(Newsfile Corp. - October 3, 2025) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is pleased to announce a proposed program of up to 100,000 metres o ...
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].