Tag: Awalé Resources Ltd.
Yesterday, Red Cloud hosted the first day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 26 presenting companies including our keynote speaker Dr. Thomas Brady, Managing Director of Capitalight Research Inc., and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. If you would like to attend Day Two and Three of Red Cloud’s Oktoberfest Fall Mining Showcase, register here. Replays are available on the Red Cloud website.
Awalé Resources reported drilling results from the final eleven holes at the Empire and Charger prospects, located on its 100%-owned Odienné project in Cote d’Ivoire, West Africa. Although some of the intersections are relatively narrow and/or lower grade, we view these results positively as they have extended mineralization at Empire, beyond the offset to the east, and they have confirmed IOCG mineralization at Charger. Overall, these results further increase the mineralized footprint at Empire and demonstrate that the Charger prospect is taking shape as an interesting, early-stage target. In both areas, the results to date are worthy of follow-up work to further determine their potential.
Awalé Resources reported drilling results from the Charger prospect, located on its Odienné project in Cote d’Ivoire, West Africa. The Charger prospect is a 600m long auger soil gold anomaly. It is located 3km north of the company’s high-grade Empire Main gold discovery, and it would likely be a satellite deposit to the main Empire zones. This initial drill program consisting of three 160 meter-spaced drill lines targeting the central portion of the anomaly. The results are from 22 of the initial 23 holes in this scout RC drill program. Overall, these are reasonably positive results, as they demonstrate an additional gold system on the project. Although most of the holes encountered lower-grade mineralization, it is generally all near-surface, and the results are worthy of follow-up drilling.