Awalé Resources Limited (TSXV: ARIC) has received promising results from ground geophysical surveys ( Induced Polarization) and multielement soil geochemistry undertaken at the Lando Iron Oxide Copper Gold (IOCG) Target on the Odienné Project in Côte d’Ivoire.
The IP survey has delineated a significant four km long chargeable resistive anomaly that conforms with a high order Cu-Au footprint from soil geochemistry. The anomalism is supported by rock chip samples of up to 4.8 grams per tonne (g/t) gold (Au) collected from artisanal workings at the prospect, the anomaly also remains open to the north and south.
These highly anomalous IP results in tandem with high order Cu-Au geochemistry elevates Lando as a third significant IOCG Target to follow Sceptre and Charger, which will be drill tested this quarter.
Gold in soil analysis returned from Intertek in tandem with the IP surveys show a 3.5 km long >86ppb (95 th Percentile) gold in soil anomaly, with a peak value of 921ppb within a one km long core.
The results are consistent with and mirror the previously reported four km long pXRF Cu (+ As and Mo) anomaly at the Lando Target (>99ppm (80 th percentile) Cu anomaly with a one km >387ppm Cu core (98 th percentile. The mineralization is also open to the north and south.
Further to this rock chip sampling during mapping has returned gold values in Brecciated Quartz veins of 4.8g/t Au and 3.0g/t Au in brecciated quartz veins and altered wallrock with chalcopyrite and molybdenite stringer veining.
The samples were collected around artisanal workings and the wallrock grades are viewed as evidence of disseminated mineralization. Additional to these artisanal mine samples, a 0.4 g/t Au sample has been collected from outcrop samples some 800m from the workings.
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 US$5M in exploration. Awalé is the project manager for the initial three-year phase.
“The Odienné project continues to deliver multiple mineralized zones with similar alteration and geology throughout the project area,” CEO, Glen Parsons, said.
“This continues to point toward the potential large camp scale mineralized system in the district, especially considering we have only commenced exploring the first 400 sq. km of the granted Odienné permit.
“Lando is the result of our continued and successful systematic approach and is a new and exciting target developing with encouraging copper and gold grades of up to 0.2% and 921ppm, additional to this we have chargeable-resistive IP anomalies that trace the geochemistry trends and it is progressing to be a high order drill target for 2023.
“We see the Lando geochemical footprint as consistent with the ICOG setting of the Odienné Project and it is 18km to the North of Charger and Sceptre.”
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