Awalé Resources Limited (TSXV: ARIC) has defined two new targets at the Odienné Project in Côte d’Ivoire, West Africa.
Infill and follow up soil and termitaria geochemistry on ta five km long Sceptre Iron-Oxide Copper-Gold (IOCG) target, Odienné Project, has refined the anomaly into two significant high tenor copper-gold (Cu-Au) IOCG targets. The two Sceptre Cu-Au targets are now ready for follow up geophysics and maiden drilling in the first half of 2022.
On the basis of the regional geological setting of Odienné, the soil/termitaria data from the Sceptre prospect. and the initial drill results from the adjacent Charger prospect. the company interprets the geological setting of the Odienné district to be comparable to that of other significant IOCG provinces globally. IOCG deposits are significant contributors to global copper and gold inventories, and the Company considers the Odienné project to contain significant potential for the discovery of the first major IOCG deposit known in West Africa,
Highlights
- Follow-up soil/termitaria sampling has allowed for the definition of two distinct Cu-Au targets at the recently defined Sceptre anomaly, Sceptre East and Sceptre West
- Sceptre East (Figure 3) forms a coincident 1.5 km long, >368ppm (parts per million) Cu / >20ppb (parts per billion) Au footprint with a peak value of 1,776ppm Cu and 554ppb Au.
- Comparatively, this anomaly covers an area 4 times the size of the recently drilled Charger target, which returned 3m at 9 grams per tonne (g/t) Au and 0.4% Cu within a sulfphde bearing hematite breccia (drill hole OERC-89). The core of the Cu/Au footprint tested at Charger is a 400m long auger anomaly at >90ppb Au and > 100ppm Cu.
- Sceptre Main forms a larger, NE trending 2.6 km long and 1.5km wide >110ppm Cu anomaly with coincident >14 ppb Au anomalism.
- The Sceptre Main target is known to contain a series of polymetallic veins that have returned high grade results with up to 26.7 g/t Au and 1.5% Cu in selective sampling from artisanal workings.
“We are delighted that the Odienné IOCG project has continued to develop in this manner. There are striking similarities between the geology, mineralisation and crustal setting of Odienné and other major global IOCG provinces such as Olympic Dam and Carajás which host multiple Tier 1 deposits and are major contributors to global Copper and Gold inventories,” CEO Glen Parsons said.
These targets place Awalé in a unique position to be drill testing the Sceptre targets that have potential deliver Tier 1 discoveries for the company, and developing the Odienné district into a new mineralised province in west Africa “
Next Steps
Planned exploration for the first half of 2022 will include ground geophysics – both gravity and targeted IP surveys (gradient array and pole dipole sections) immediately followed by targeted trenching and drilling. Geophysics and trenching are anticipated to commence in Q1 2020 with scout drilling to follow over both the Sceptre East and Sceptre prospects in Q2.
For further information please visit: http://www.awaleresources.com/
