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High Grade Diamond Drill results from Awalé Resources- Bondoukou Project

Mining News - Published on Fri, 03 Aug 2018

Image Source: awaleresources.com
Awalé Resources Limited announced that results from its Diamond Drilling program for the Fako and Casino prospects at the Bondoukou Project, Côte d'Ivoire. These prospects were defined from the Company's maiden scout RC drill program.

Following the success of the initial RC program, a diamond drilling program was designed to enhance the understanding of the geometry, geology and down dip/plunge continuity of the Fako and Casino prospects. At Fako and Fako South 6 holes for 1201.6 metres were drilled, and at Casino 3 holes for 402.9 metres were drilled, for a total of 9 holes for 1604.5m.

HIGHLIGHTS
Fako Prospect:

BEDD0004 - Step out hole testing down dip of 20m at 0.96 g/t Au from 60m downhole in previously reported RC hole BERC0008 returned the following intercepts demonstrating continuity of mineralisation (Figure 4).
BEDD0004 1.07m at 15.7 g/t Au from 147.3m and 9m at 0.3 g/t Au and 10 metres at 0.4 g/t Au from 153 and 165.8m downhole respectively.
BEDD0003 - 8m at 6.2 g/t Au (from 0m) Including 1m at 43.3 g/t Au from surface
BEDD0005 - 4.5m at 1.4 g/t Au from 163m including 0.55m at 7.55 g/t Au downhole.

Hole BEDD0003 was a step out from previous RC hole BERC0019 and BEDD0005 was a diamond tail of the same RC hole. Both holes intercepted new mineralisation to the south of the previously reported 18m at 1g/t Au from 1m downhole in BERC0019.

Casino Prospect:
Drill holes BEDD0007 and BEDD0008 designed to test for plunging mineralisation from the previous RC drill program returned high grade intercepts with visible gold that was not evident in the RC program. Suggesting steeply plunging high grade lodes at Casino.
BEDD0007 - 1m at 4.6 g/t Au from 5m and 1.3m at 8.5 g/t Au from 61m downhole respectively
BEDD0008 - 0.46m at 21.1 g/t Au from 10.5m and 0.5m at 10.6 g/t Au from 60.89m downhole respectively (Figure 5).

Further to the successful drill intercepts, Kim Hein from Orefind Consultancy was contracted during this period to complete a structural analysis of the Bondoukou Project and relate this to the drill core. Findings from this study show structural confluences where later NE structures cross cut the older NW trend as well as their association with late intrusions are key to economic mineralisation at the project. The completed study highlights the Bondoukou Project area as a potential gold camp in West Africa with the geological setting having similarities with the Essakane and Mana gold camps in Burkina Faso.

Mr Glen Parsons CEO commented that "These encouraging results follow our recent gold results from the initial 5,000m RC drill program, completed at the beginning of 2018, which yielded positive gold mineralisation along the initial 15km at the Fako prospect on the 40km Awari Shear zone, as well as high grade mineralisation to the north at the Casino Prospect.

Additional to testing continuation and extent of mineralisation, the drill program was designed to enhance understanding and confidence in our geological model. This has been achieved and, furthermore, Kim Hein from Orefind Consultancy has corroborated our belief in the potential of a significant gold camp at Bondoukou, which is our ultimate strategy for this district scale project.

Concurrently, we have recently completed some 13,000m of our 16,000m regional and infill auger program along the balance of the Awari Shear zone, covering an untested 25km of strike. Awalé's aim is to continue defining multiple anomalous gold targets for follow up and scout drilling in the last quarter of 2018 and 2019.

We look forward to updating the market as these regional exploration programs results are received."

Source :

Posted By : Nanda Koijam on Fri, 03 Aug 2018
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