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Awale Resources Ltd V.ARIC

Alternate Symbol(s):  AWLRF

Awale Resources Limited is a Canada-based mineral exploration company focused on the discovery of high-grade gold and copper-gold deposits. It undertakes exploration activities in the underexplored parts of Cote d'Ivoire. The Odienne project lies in the northwest Denguele Region of Cote d’Ivoire, close to the borders of Mali and Guinea. The project covers approximately 1600 square kilometers (km2) in four permits: the granted Odenne East permit, and three permits under application. The Granted Odienne East Permit consists of multiple Iron Oxide Copper Gold (IOCG) copper-gold (Cu-Au) targets and gold (Au) targets, which include the high-grade gold Empire discovery situated along the 20 kilometers long Empire gold Corridor in the south. The Bondoukou Project is located in the northeast of Cote d’Ivoire and is accessed via sealed roads from Abidjan to the city of Bondoukou. The project consists of three granted permits covering 1191.5 km2 along with three applications covering 1182.9 km2.


TSXV:ARIC - Post by User

Awale Resources Ltd
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Post by oiljack14on Aug 24, 2020 9:32am
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Post# 31444979

Bidding war for west African gold assets

Bidding war for west African gold assets  Huge bidding war underway for West African gold deposits and companies. Cardinal Resources in takeover tussle Sources said mergers and acquisitions in the Australian gold space are starting to build, and pointed to the fierce $395m takeover battle for Cardinal Resources (ASX:CDV). Chinese gold producer Shandong Gold Mining and Russia’s Nord Gold, which has an 18.7 per cent near-blocking stake in the West African gold explorer, are vying for control of Cardinal. https://www.google.ca/amp/s/stockhead.com.au/resources/gold-sector-becomes-target-for-ma-activity-on-higher-gold-price/%3famp These guys are in Ghana right next door to Cte d’Ivoire and you should see the majors who have mines on the Ghana side of the border but on trend with ARICs Bondoukou https://cdn.ceo.ca/1fk6rvt-3A15BDB5-075D-4C6D-BDC0-AF57F519FC29.png+
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