By Cory Awalé Resources’ Bondoukou Project Continues to Produce Strong Gold Mineralization from their Maiden Drill Program.
Here is the latest news out of Awale Resources. To remind everyone Awale is the spin out of the Marina Resources assets when Mariana was purchased by Sandstorm for the Hot Maden project. Just listed at the very end of last year the Company already has a drill program underway and there are some of the results.
I will be chatting to Glen Parsons, Awale CEO and President later today. If you have any questions please be sure to comment or email me directly at Fleck@kereport.com.
Click here to listen to the most recent interview between Glen and I.
Also click here to visit the Awale website for more information on the Company.
…Here’s the news…
VANCOUVER, March 1, 2018 /CNW/ – 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). Highlights from the latest results include:
BERC0019 (Fako) – 18 metres at 1.0 grams/tonne (‘g/t’) gold (‘Au’) from 1mdownhole.
BERC0012(Fako) – 2m at 0.96g/t Au from 17m
BERC0050 (Casino) – 6 metres at 5.2 g/t Au (including 1m at 25.4 g/t Au) from 7m downhole.
BERC0033 (Casino) – 2 metres at 6.1 g/t tonne Au (including 1 metre at 11.0 g/t Au) from 90m downhole
BERC0040 (Casino) – 2 metres at 1.9 g/t Au from 42m downhole
BERC0049 (Casino) – 2 metres at 2.4 g/t Au from 26m downhole
View attached figures: http://www.awaleresources.com/_resources/maps/CDI_NR_xxMarch2018_Maps_web.pdf
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 1mat 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.”
Background to the Fako and Casino Drilling
This second round of results completes the maiden drilling for the Fako and Fako south prospects and Eighteen (18) metres at 1 …read more
Source:: The Korelin Economics Report
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