ORIGINAL: Awal Commences 4000-Metre Diamond Drilling Program at the BBM and Charger Zones, Odienn JV Project
2024-12-05 07:01 ET - News Release
HIGHLIGHTS
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Awal has commenced a 4000m diamond drill program at the BBM and Charger Zones.
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BBM drilling to focus on both expanding and confirming the 600m mineralized core toward the NW and SE.
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Charger drilling will test the new high-grade model for continuity and expansion.
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Drilling is fully funded by Newmont.
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Awal Resources Limited (TSXV: ARIC) ("Awal" or the "Company") is pleased to announce the commencement of drilling at the BBM and Charger Zones within the Odienn Joint Venture ("OJV") in Cte d'Ivoire.
The 4000-metre ("m") diamond drilling program is the final phase of 2024 and is fully funded by Newmont.
Drilling is expected to continue into 2025, with both diamond and reverse circulation drilling.
Highlighted results from the previous program included:
"This program is anticipated to build on the success of the most recent phase of drilling, where BBM continues to demonstrate robust grade continuity and Charger delivers some of highest-grade intercepts in West Africa over the past 12 months.
Both these Zones are interpreted to have significant expansion potential and drilling is expected to continue throughout the 2025 dry season.
We anticipate other high priority drill ready targets such as Lando, Empire, and the BBM satellites to come into play during the 2025 field season.
In addition to the JV drill program, we aim to drill the first holes on our 100%-owned Fremen target in Q1 2025 and commence exploration activities on our other 100%-owned permits.
The Awal team is excited to move forward on what we believe will be another successful field season," Andrew Chubb, CEO of Awal Resources, commented today.
Three thousand metres (3000m) are planned to test the continuity of the BBM zone as well as expand the 600m defined panel to the northwest and southeast, with one thousand metres (1000m) allocated for Charger to test the new geology fold model where the broad high-grade intercepts are hosted within fold hinges (see November 11, 2024 news release) and rapidly advance the volume potential of this target.
About the Charger Zone
The Charger Zone is one of four grassroots discoveries made by Awal at Odienn. Charger is a discovery that has delivered multiple high-grade results from drilling which includes the following high-grade intercepts in a breccia to the south of that intercepted in OEDD-83 and OEDD-100 (see news releases from March 29, 2023, August 21, 2023, March 25, 2024, July 31, 2024, and November 11, 2024):
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OEDD-83: 57m @ 26 g/t Au from 164m downhole
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OEDD-88: 29m @ 20 g/t Au from 149m downhole
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OEDD-84: 70m @ 1.2 g/t Au from 143m downhole
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OEDD-100: 59m @ 14.7 g/t Au from 140m downhole
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OEDD-85: 21m @ 1.7 g/t Au from 177m downhole and 10m @ 7.8 g/t Au from 202m downhole
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OERC-132:32m @ 3.0 g/t Au from 74m downhole
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OEDD-45 (step back from OERC 132) contains 3 high-grade intervals within a 65m wide zone of mineralization which included
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12m @ 4.9 g/t Au from 89m downhole,
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13m @ 1.3 g/t Au from 114m downhole, and
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21m @ 1.3 g/t Au from 133m downhole
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Hole OEDD-53 (50m step back from OEDD-45): 32m @ 1.5 g/t Au from 215m downhole
The company has also determined the true width of the breccia between holes OEDD-83 and OEDD-100 to be over 30 metres, and the intercept in OEDD-88 being a further 25 metres away from OEDD-100.
This drilling has established a 200-metre corridor of breccia mineralization where high-grade mineralization is thought to be controlled by folding and hosted in the hinge zone of these folds.
Moreover, the Company has gained a clearer understanding of the unique and complex characteristics of the Charger target, presenting an opportunity to test the fold model within the current corridor as well as step-out and test for other parallel zones.
About the BBM Zone
BBM is an Awal grassroots discovery (see January 11, 2024 news release). Gold and copper mineralization and alteration in the BBM system are controlled by a northwest striking shear zone that follows an intrusive/sedimentary contact.
This shear zone lies parallel to an interpreted major crustal boundary and forms an 8-kilometre-long geochemical gold trend in termitaria and soil.
The 6,808 metres of drilling in 28 holes completed to date have intercepted the target shear zone and covers only 2 kilometres of an 8-kilometre trend.
Awal has continued to expand the potential of the BBM discovery with further intersections along strike from the initial discovery holes. Results also show there is increasing grade with depth.
The Company has completed 3 phases of drilling (see news releases from March 18, 2024, September 9, 2024, and November 18, 2024).
Mineralization at BBM is steeply dipping (70 to 80 degrees) with a gentle plunge (45 to 55 degrees) toward the northwest. Recent interpretation suggests this plunge is controlled by isoclinal folding withing the BBM shear. This fold geometry, along with the frequency of the folds, can have a significant impact on the grade and volume of mineralization.
Alteration at BBM is dominated by silica and biotite with pyrite, chalcopyrite, and molybdenite as the main sulphide species. Recently, a fold model for control on the plunging mineralization has taken precedence over the footwall splay model previously discussed.
What were previously considered as mineralized fingers of granodiorite are now interpreted to be fold hinges or 'knuckles'.
Current drilling will test this hypothesis and understanding the fold geometry and the controls on higher grade gold can have a positive effect on both the grade and volume of mineralization at BBM.
Drilling completed to date has consistently confirmed grade continuity within the distinct silica-biotite alteration system.
The fold model suggests the potential for parallel 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.
Mineralization also remains open outside the BBM discovery zone, with potential for other plunging shoots within the initial 2-kilometre discovery as well as satellite discoveries along strike.
The Company will continue with further step-out and infill drilling throughout the 2024-2025 field season.
Prior to drilling the extension targets, an Induced Polarization ("IP") program is planned to aid in drill targeting in the satellite areas northwest of the BBM zone.
This IP survey on the Joint Venture permits will complement and be completed alongside the IP planned over the 100%-owned Awal 'Sienso' permit which abuts the BBM discovery zone (see October 22, 2024 news release).
About Awal Resources
Awal is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of Cte d'Ivoire, where the Company is focused on the Odienn Copper-Gold Project ("Odienn" or the "Project"), covering 2,489 km2 across seven permits. This includes 796 km2 in two permits held under the Awal-Newmont Joint Venture ("OJV"). Awal manages all exploration activities over the OJV, with funding provided by Newmont Joint Ventures Limited ("Newmont") (see May 31, 2022 news release).
Awal has discovered four gold, gold-copper, and gold-copper-silver-molybdenum discoveries within the OJV and has recently commenced exploration on its 100%-owned properties following an $11.5 million capital raise in April 2024.
Awal's Odienn Project is underexplored and has multiple pipeline prospects with similar geochemical signatures to Iron Oxide Copper Gold and intrusive-related mineral systems with s