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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 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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Dealroom for high-potential pre-IPO opportunities