By Cory AWALE RESOURCES – New Permit Granted in Côte d’Ivoire
Here is the much awaited news on the permit for Awale Resources in Côte d’Ivoire. I will be having Glen Parsons on the show later this week to comment on what the plan are now that this permit has been granted. The Company is still waiting for a third permit but work is starting on a number of projects.
Click here to listen to the most recent interview with Awale Resources.
Click here to visit the Awale website.
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VANCOUVER, April 11, 2018 /CNW/ – Awalé Resources Limited (“Awalé” or the “Company“) (TSXV: ARIC) is pleased to announce the granting of a new prospective gold permit ‘Nianda’, in the Comoé district of south eastern Côte d’Ivoire. The permit is the second granted of three Awalé applications that form the Company’s Abengourou Project (Figure 1 & 2), the award of this permit now gives the Company a district presence at Abengourou with 718 square kilometres of granted tenure.
Awalé operates an active pipeline of projects in Côte d’Ivoire at various stages of exploration, with the Bondoukou Project currently being the most advanced and the major focus. The prospective Odienné and Abengourou gold projects are at a formative stage with initial exploration having recently commenced.
Initial work on the Abengourou Project has commenced with confirmatory soil sampling on the initial, and more advanced, Amélékia permit. Amélékia was previously owned by Golden Star Resources Ltd and based on their historic results has significant gold soil anomalies (Figure 2) which require confirmation by Awalé. Following this a more detailed infill program will be undertaken to identify possible scout drill targets.
View Attached Figures:
http://www.awaleresources.com/_resources/maps/2nd_Permit_Granted_Abengourou.pdf
CEO Glen Parsons commented today:
“The granting of our second permit in this prospective region gives Awalé scale in the Abengourou area. This enhances our strategy of acquiring and advancing prospective permits to form project areas with significant exploration scale and potential. In close proximity, to the north of Abengourou, we have the more advanced Bondoukou Project where initial scout drilling has recently been completed with encouraging gold mineralization and the next phase of work is about to commence.
The strategy for Awalé is multiple economic gold discoveries whilst advancing and managing a pipeline of gold projects in Côte d’Ivoire offering district scale. Awalé is now active on all three of our project areas (Bondoukou (1,192 km2), Odienné (397 km2) and Abengourou (718 km2).
We look forward to keeping the market informed of our progress.”
Background on Nianda and Amélékia permits forming part of the Abengourou project
The Abengourou project consisting of two granted permits (Amélékia and Nianda) and one permit application, is located within a large meta-sedimentary package comprising metamorphosed siltstones and arenites which have been intruded by granite and diorite bodies along the axis regional-scale fold structures (Figure 2). The project is considered gold prospective with government mapping indicating gold occurrences throughout the district, as well as both current and relict orpaillage (Artisanal miners) noted by Awalé in the project area.
The region forms the south western Côte d’Ivoire extension of the …read more
Source:: The Korelin Economics Report
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