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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

Bullboard Posts
Post by oiljack14on Jul 28, 2020 11:00pm
105 Views
Post# 31334883

Insane. Look what gold properties are going for in Ivory C

Insane. Look what gold properties are going for in Ivory C

Crazy what Ivory Coast gold land packages are going for.

30 mm was paid last year before they had further drilling success at Sgula.

Remember too it’s in the 1 mm inferred ounces range at present.

They also got more blocks too but still. 30 mm Cad for potential?!

That was the price in 2019 with gold much lower.

Majors like Barrick still operate in the south of the country too.

How can ARIC be so cheap given the Empire discovery and their own early entry blocks?

Look what the going rate was with gold at aforementioned much lower prices.

Newcrest sells Cte d’Ivoire project to Canada’s Roxgold in $30 million deal
https://www.mining.com/newcrest-sells-cote-divoire-project-canadas-roxgold-30-million-deal/

Bullboard Posts