Associated High-Grade Gold Mineralisation At Charger Prospect
Awalé Resources Limited (TSXV: ARIC) has intersected elevated copper values (up to 0.76% Cu) associated with previously reported high-grade gold mineralisation from Reverse Circulation (RC) drilling at the Charger prospect, Odienné Project in Cote d’Ivoire.
Both the gold-copper metal association and distinct hematite-rich alteration at Charger are interpreted by the company to be typical of Iron Oxide Copper Gold (IOCG) style systems, and therefore represents a mineralisation style not previously identified either at Odienné or elsewhere in the Birimian-age greenstone belts of Ivory Coast .
Preliminary XRF analytical data from OERC-89 has confirmed the presence of elevated copper values together with high-grade gold in the sulfide-bearing hematite rich breccias, with the interval 31m to 32m returning the highest gold grades of gold (14.6 g/t Au) and copper (0.76%) identified so far.
The copper sulphide chalcopyrite is associated with pyrite within the mineralized hydrothermal breccia. Further specialist base metal analyses using atomic absorption analytical techniques are currently in progress.
A Diamond twin of OERD-89 intercepted hematite breccia from 24.4m to 27.4m (Figure 2) with up to 1% chalcopyrite logged within zone of up to 5% disseminated pyrite.
All drilling completed over the Charger anomaly is characterized by variations on chlorite/epidote/pink albite/hematite/magnetite/sulphide (pyrite +/- chalcopyrite and pyrrhotite) zoned alteration system.
CEO, Glen Parsons, said the company is now re-processing multielement data from all geochemistry completed over the project using the new IOCG model as a driver for the multielement anomalism that exists throughout the permit.
“The identification of high-grade Iron Oxide Copper Gold (IOCG)-style mineralization at Charger represents an exciting new target type for Awalé at the Odienné Project. IOCG deposits are known from similar age terrains elsewhere globally – such as in Brazil, Australia, Sweden – but as yet have not been identified in Ivory Coas,” Mr Parsons said.
“We look forward to advancing our exploration activities at Odienné – both on the orogenic-type mineralisation at Empire and the potential IOCG-type mineralisation at Charger and the greater permit area. We continue to pursue our stated goal of discovering 1+Moz gold equivalent in new greenfields gold ounces.”
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