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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 discovering high-grade gold and copper-gold deposits. The Company undertakes exploration activities in the underexplored parts of Cote d'Ivoire. The Company’s portfolio includes the Odienne Project in north-west Cote d’Ivoire. Odienne Project lies in the northwest Denguele Region of Cote d’Ivoire, close to the borders of Mali and Guinea. The project covers approximately 2,462 square kilometers (km2) in seven permits - the granted Odienne East and Sienso permits, and five permits under application. Its mineralization targets include the Sceptre, Charger, Lando, and BBM Prospects. Sceptre is a 5-km-long high-tenor copper-gold (Cu-Au) Iron Oxide Copper Gold (IOCG) geochemical target which has broad copper-gold, molybdenum, and silver intercepts. The Empire Gold Discovery is a high-grade gold target located on the 20 km long Empire structural corridor.


TSXV:ARIC - Post by User

Awale Resources Ltd
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Post by oiljack14on Jul 27, 2020 12:40pm
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Post# 31324995

Empire Drilling

Empire Drilling
 
 https://awaleresources.com/_resources/presentations/corporate-presentation.pdf Slide 8. Odienne drill plan. First holes. Empire extension and plunge or depth confirmation. Then three on trend prospects. Slide 7 last line. Empire had the potential to build to a 1 mm Oz resource rapidly. In other words with this drilling program starting soon. CEO is cautious about his statements. Insider control 25 percent. Management backers control seventy percent. Heck. He just priced options at 25 cents. Who prices options well above the trading share price value. Thus my point. Cheap to accumulate at these levels imo. We already have a discovery. IF the CEO is right and drilling goes well share price will be 70 cents to a buck Cad by the end of summer

No guarantees though.
@yqr https://awaleresources.com/_resources/presentations/corporate-presentation.pdf Slide 8. Odienne drill plan. First holes. Empire extension and plunge or depth confirmation. Then three on trend prospects. Slide 7 last line. Empire had the potential to build to a 1 mm Oz resource rapidly. In other words with this drilling program starting soon. CEO is cautious about his statements. Insider control 25 percent. Management backers control seventy percent. Heck. He just priced options at 25 cents. Who prices options well above the trading share price value. Thus my point. Cheap to accumulate at these levels imo. We already have a discovery. IF the CEO is right and drilling goes well share price will be 70 cents to a buck Cad by the end of summer
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