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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

Post by nozzpackon Nov 14, 2024 6:13am
53 Views
Post# 36312127

Valuation Summary

Valuation SummaryThis gold stock remains virtually unknown as it has yet to receive coverage and price targets....which is coming.

But there is great value already being exposed by recent drilling and sampling and the huge concessions have barely been explored.

It can be accepted as fact that NewMont rarely gets involved with a Junior unless there is a high probability of a Tier 1 discovery .....5 million ounces or more.

All results todate confirm this high probability ,,,,and only on a portion of Awale's discoveries.

In my view, this is one the best prospective discoveries that I have ever uncovered by my 30 year research history.

I have set my investment here with a 2 year speculative target of $3 based on Montage $835 million market cap for gold resources of 5.3 million ounces .

AIMHO

GLTA


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