Visible Gold Intercepts Extending Mineralization At The Charger Target

VANCOUVER - Awalé Resources Limited reported that the first two drill holes completed at the Charger Target as part of its ongoing Odienné drill program have successfully intersected visible gold (VG) in extensions to previously reported intervals of high-grade gold-copper mineralization. The two step-back drill holes (OEDD-44 and OEDD-45) targeted mineralization underlying the 32m @ 3.0 grams per tonne (g/t) Au / 96 gram-meter (gm) intercept reported in RC drill hole OERC-132, and are interpreted to define a down-dip extension to the OERC-132 mineralization and a potential new parallel mineralized structure.

Observing VG in these holes is very encouraging and confirms both the depth potential and high-grade fluid flow of the Charger mineralized system, discovery of a potential new parallel mineralized structure opens a significant upside opportunity for the Charger Target with multiple parallel lodes. Multiple points of VG were logged over a 10-meter interval in OEDD-45 between 90 to 100m downhole confirming mineralisation beneath drillhole OERC-132. Further, the VG encountered in OEDD-44 confirms gold mineralization in a second structure located approximately 80m behind and parallel to the discovery structure at Charger. These holes are part of an ongoing 2,500m drill program at Odienné.

Andrew Chubb, CEO, said, "It's great to see the first diamond core from the Charger Target, seeing visible gold 40m down dip from a 96 gram-metre gold intercept in hole OERC-132 is a fantastic result. When we combine this result and the discovery of a new parallel mineralized structure with the same characteristics, the resource potential of Charger Target is significantly increased. These new developments have the project team truly excited about this prospect.

The upside interpretation of Charger has been to identify parallel lodes, and this model is starting to bear fruit. We look forward to seeing the full multi-element and gold results from these holes while drilling continues at the Lando and Sceptre Main targets at the Odienné Copper-Gold Project.

We are now drilling the first holes at Lando, with the targets at Sceptre Main to follow.  Both targets are compelling. Lando is a 4km long by 2.5km wide copper-gold geochemistry footprint that neatly aligns with IP Geophysics. Further to this, rock chip samples* from the prospect have returned grades of up to 4.8g/t Au. Sceptre Main has delivered rock chip samples up to 26.6g/t Au and 0.1% Cu from artisanal activity over polymetallic veining. We are very enthusiastic about the potential of these targets to deliver new discoveries for the company."