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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 19, 2024 8:01am
95 Views
Post# 36319356

BBM has all the Markings of a Tier 1 discovery

BBM has all the Markings of a Tier 1 discoveryThe reasons.

1...part of a 8 km long of auriferous gold in soil and termitaria 

2...Drilling completed to date has consistently confirmed strong grade continuity within the distinct silica-biotite alteration system. 


3...The fold model suggests the potential for parallel higher-grade shoots within a core zone of robust mineralization that now exceeds 600m in length with an open vertical depth of 330m, true widths of the mineralized envelope are up to 50m. 


4..Mineralization also remains open outside the BBM discovery zone, with potential for other plunging shoots within the initial 2 km discovery as well as satellite discoveries along strike.

So let's see how much gold May already have been defined in the current drill defined zone which measures 600 m by 330 m by 50 m wide.

SG is 2.8 tons per cu m.

So, we have 600 X 330 m X 50 X 2.8 = 26 million tons 

Average grade is 3 grams per ton = 78 million grams 

With 1 ounce = 31 grams, discovered ounces in just this small drill defined zone today is in the 2.5 million ounce range.

This zone is just 600 meters along a 8 km long auriferous zone of gold in soil that has identified and drill confirmed the existence of deep continous gold mineralization that remains open at depth.

In short, with more assays to come, we could have a rapid run up the charts should drilling continue to confirm that gold in soil is an excellent marker for high grade gold lodes beneath that soil.

GLTA

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