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Awale Resources Ltd.
Summary
| Project: | Bondoukou | |
|---|---|---|
| Deposit: | Bondoukou | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 2/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-2-2018: Awale Resources Ltd. announces an Exploration/Drilling Update report for its Bondoukou deposit at the Bondoukou project. Drilling results incl. 20m @ 0.96g/t Au from 60m. Vancouver, BC, February 2, 2018 – Awalé Resources Limited (“Awalé” or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Chubb (Internal) | |
| ABSTRACT: | Vancouver, BC, February 2, 2018 – Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC) is pleased to announce initial results from the Fako and Fako South Prospects, these results form part of the Company’s maiden scout drilling program at the Bondoukou Project. Drilling has intercepted broad gold mineralisation within a large fuchsite/sericite/silica/chlorite alteration system. Results are pending for a further 8 holes at the Fako prospects, these results along with the remainder of the 57-hole drill program are expected in the first half of February. Highlights from the scout drilling completed at Fako and Fako South are as follows; a full table of drill collars and significant intercepts for this release are included in table 1. Glen Parsons CEO commented today: “First results from the maiden Bondoukou scout RC drill program has revealed a large-scale gold mineralised alteration system characterised by fuchsite and sericite. All 7 drill sections, which cover 4.5 strike kilometres contain the same alteration style, confirming the scale and potential of the prospect. Encouragingly, these first holes which include 20 metres at 1 g/t gold and grades of up to 5 g/t display mineralisation far greater in scale than any of the primary artisanal workings on surface, with exceptional scope to extend mineralisation at this prospect with further work. “The drilling reported in this release was conducted over a small portion of the 38km-long Awari shear where with anomalous auger geochemistry remains open along strike in both northwest and southeast of the drilling. These results further validate the company’s exploration approach over areas of shallow cover and limited or no outcrop. The company will follow up these promising initial results and continue to test this structure. | |
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