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Awale Resources Ltd.
Summary
| Project: | Bondoukou | |
|---|---|---|
| Deposit: | Bondoukou | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 3/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-3-2018: Awale Resources Ltd. announces an Exploration/Drilling Update report for its Bondoukou deposit at the Bondoukou project. Drilling results incl. 6m @ 5.19g/t Au from 7m. Vancouver, BC, March 1, 2018 – Awalé Resources Limited (“Awalé” or the “Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Chubb (Internal) | |
| ABSTRACT: | Vancouver, BC, March 1, 2018 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC) is pleased to announce further results from the Bondoukou Project maiden scout drilling program in Côte d’Ivoire. These results form the remainder of the initial results as reported on the February 2, 2018. Continuous strong gold mineralization intercepted at the Fako prospect confirming the large alteration system along the 38km Awari Shear zone, as well as high‐grade intercepts at the Casino prospect further North (Figure 1). CEO Glen Parsons commented today: “These latest results for the Fako Prospect, are about 500m along strike from the previously reported drill results. This encouragingly confirms multiple broad mineralized zones at the 6km Fako/Fako South prospects which remain open and within the 38km Awari Shear, which remains largely unexplored. The Fako prospects represent a large mineralised alteration system along this major structure, which with future drilling and systematic exploration we expect to deliver multiple economic zones. Furthermore, at the high‐grade Casino Prospect 20km to the North, where rock chip samples from Artisanal Workings have previously returned up to 589 grams per tonne gold, a number of thin quartz veins were intercepted including an intercept returning 1m at 25.4 g/t Au. Follow up drilling is warranted as this drilling appears to have missed the plunge of the main high‐grade veins worked by the artisanal miners. With the planned diamond and auger drilling programs in April we aim to :‐ 1) Gain a greater understanding of the geometry of this mineralized system at Fako for ongoing RC drill programs and 2.) Define multiple drill targets with our regional work programmes covering known structures and shear zones. I look forward to keeping the market updated as these results materialise.” | |
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