Twin diamond drilling on high grade mineralization completed at Charger, Odienné project

The twin diamond hole (OEDD-38) intersected 5 meters of an iron breccia containing sulphides from 24 meters downhole (Figure 2; analyzes pending) in a downhole position corresponding to the High grade mineralization previously reported in OERC-89. The Company will begin drill testing a ply dive model as a follow-up to OEDD-38 later this week.

Figure 1. Reverse circulation drill chips of high grade gold mineralization in OERC-89 (3m at 9 g / t Au of 30m bottom of the hole).

Figure 2. Sulfurized iron breccia (with hematite and chlorite) at approximately 25m downhole in OEDD-38. The core is HQ or 6.3 cm in diameter.

CEO of the company Glen Parsons commented today:

“Seeing the extensive weathering system around these high grade fresh rock results at Charger gives us an exciting high grade target to understand and pursue. core review and subsequent analysis of the newly planned dive test drilling.

We anticipate a busy period for us with continued communication of the results of the Bondoukou reconnaissance drill program in the coming weeks as well as the results of this follow-up drilling on the Charger and Empire Main targets. “

Table 1: The location of the drill collar for OEDD-38 testing is pending.

Quality control and assurance

Analytical work for geochemical auger samples is ongoing at the independent laboratory Intertek Laboratories Australia Ltd., an ISO 17025 (2017) certified laboratory. Samples are stored in the Company’s field camps and placed in sealed bags until collected by Intertek from the Company’s secure Bondoukou or Odienné offices and transported by Intertek to their preparation laboratory. Yamoussoukro, Ivory Coast For the preparation. Samples are recorded in the tracking system, weighed, dried and pulverized better than 85%, passing a 75 micron sieve, this pulp sample is then shipped to Ghana where a 50g load is fire tested with an AAS finish. Blanks, duplicates and certified reference materials (standards) are used to monitor laboratory performance during analysis.

Qualified person

The technical and scientific information contained in this press release has been reviewed and approved for release by Andrew Chubb, the qualified person of the Company as defined by National Instrument 43-101. Mr. Chubb is the Chief Operating Officer of the Company and holds a Diploma in Economic Geology, is a Fellow of the Australian Institute of Geoscientists (AIG) and a Fellow of the Society of Economic Geologists (SEG). Mr. Chubb has 18 years of experience in international mineral exploration and evaluation of mining projects.

ON BEHALF OF THE BOARD

AWALE RESOURCES LIMITED.

“Glen Parson”

Glen Parsons, President and CEO

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ significantly from those envisaged by this information. The statements contained in this press release are made as of the date hereof. The Company assumes no obligation to update forward-looking information, except as required by applicable law.

Caution

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (AS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION

SOURCE Awalé Resources

Related links

http://www.awaleresources.com/