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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 29, 2020 1:06am
107 Views
Post# 31335147

Barrick. Major interest in Ivory Coast 🇨🇮 Gold

Barrick. Major interest in Ivory Coast 🇨🇮 Gold

This country has actual major interest. 


Barrick Gold. Ivory Coast mine. Stats.


https://www.barrick.com/English/operations/tongon/default.aspx
 

2020 Outlook

FORECAST PRODUCTION
240,000 - 260,000
Ounces ?
 
FORECAST COST OF SALES PER OUNCE ?
$1,390 - $1,440
FORECAST TOTAL CASH COSTS PER OUNCE ?
$680 - $730
 
FORECAST ALL-IN SUSTAINING COSTS PER OUNCE ?
$740 - $790

2019 Performance

GOLD PRODUCED IN 2019
245,000
Ounces ?
 
COST OF SALES PER OUNCE ?
$1,469
TOTAL CASH COSTS PER OUNCE ?
$787
 
ALL-IN SUSTAINING COSTS PER OUNCE ?
$844

Reserves and Resources

PROVEN AND PROBABLE GOLD RESERVES ?
610,000
Ounces
 
MEASURED AND INDICATED GOLD RESOURCES ?
1.2
Million Ounces
INFERRED GOLD RESOURCES ?
410,000
Ounces

Again. Look at this. A major runs a mind with a resource of around 1 to 2 mm ounces. A major! Insane

So 1 to 2 mm ounces in an inferred report for ARIC would get major interest. The stats prove this out
 


 

 

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