Awalé Resources Limited (TSXV: ARIC) has identified a number of potential drill targets in initial results from the ground geophysical surveys undertaken at the Sceptre East Iron Oxide Copper Gold IOCG Target on the Odienné Project in Cote d’Ivoire.
The Induced Polarisation (IP) surveys have identified extensive chargeability anomalies, interpreted by the company to represent buried sulphide-bearing bodies.
The chargeability highs are spatially coincident with copper-gold geochemical anomalies and represent compelling priority drill targets. Initial scout drilling of these targets is currently expected to begin in December 2022.
The chargeability anomalies are high order (>30 to 35 Mv/V) in both 2D surface surveys (the main anomaly covering a surface area of some 2km x 0.5km) and 3D sections.
These substantial anomalies are interpreted to represent sulphides amassing on structural trends and coincident with previously reported copper and gold anomalism.
The 2D chargeability anomalies are reflected in the 3D sections which show the anomalies are continuous at depth and up to 200m wide.
The current work programme is being funded by Newmont as part of an earn-in JV agreement through which Newmont retains the option to earn-in to a minimum 65% interest, from Awalé, in the Odienné project in return for the sole funding of USD 15M in exploration. Awalé is the project manager for the initial three-year phase.
” We are extremely excited to see how the results of the IP Survey coincide so strongly with the defined copper gold geochemical anomalies previously reported at the Sceptre target. These significant chargeability anomalies represent excellent drill targets for the impending drill campaign in December,” CEO Glen Parsons said.
The Sceptre mineralisation is interpreted to be hosted within intermediate intrusive rocks, these rocks are generally not chargeable and as such these anomalies are interpreted to be a result of significant sulphide accumulations that are interpreted to be associated with gold and copper mineralisation. This next phase of discovery drilling is now even more eagerly anticipated.
“These targets place Awalé in the position to drill test anomalies that have potential to deliver Tier 1 discoveries for the company and developing the Odienné district into a new mineralised province in West Africa.”
The IP survey programme has been expanded, with two 3D sections added to the programme at Sceptre and an additional survey has been added over the Lando target some 17 km to the north of the Sceptre target.
Company geologists will now fine tune a targeted drill programme at Sceptre and budget permitting, some holes will be planned for the Charger and Lando targets.
For further information please visit: https://www.awaleresources.com/
