Awalé Resources is pleased to welcome two new members and the appointment of current member Stephen Stewart as Chair of the board of directors. Mr. Robin Birchall and Mr. Derk Hartman will be stepping down from their positions, allowing for Awalé to welcome Mr. Anthony Moreau and Mr. Karl Akueson as new directors. Andrew Chubb, CEO of the Company, commented: "We welcome these changes to our board as the Company [...]
Awalé Resources , is pleased to announce Newmont has progressed to Phase 2 of the Earn-In agreement over the Odienné Joint Venture Project. This is a significant milestone that underscores the ongoing success and potential of the Odienné Gold-Copper Project through which Newmont could earn a further 14% interest via 10 million in exploration expenditure and defining a minimum 2 million ounce gold resource. "This potential [...]
Awalé Resources is pleased to announce that it has closed the bought-deal private placement initially announced on April 17, 2024. The Company issued 18,549,500 units of the Company at a price of C$0.62 per Unit for aggregate gross proceeds of $11,500,690. The Offering was underwritten by Canaccord Genuity Corp. on behalf of a syndicate of underwriters . Each Unit consists of one common [...]
Further to the news release of April 17, 2024, Awalé Resources announces further details and an increase regarding the participation right of its current shareholder. The shareholder has the right to maintain its percentage holding post offering. In order to account for the full Underwritten Offering , a maximum of approximately 3,989,323 Units at a price of $0.62 per Unit may be issued to this shareholder for [...]
Awalé Resources is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, 16,130,000 units of the Corporation at a price of C$0.62 per Unit for gross proceeds of C$10,000,600. Each Unit will consist of one common share of the Corporation and [...]
Highlights: New drill program is now underway at Charger following up on Awale's recent drill intercept of 26 g/t gold over 57m, including 45.7 g/t gold over 32m from 165m downhole A second rig will soon commence drilling at the BBM Prospect to follow up on its 75m @ 2.4 g/t gold equivalent intercept Drilling is fully funded by Newmont Awalé Resources , is pleased to announce the commencement of a 3,000 metre diamond [...]
HIGHLIGHTS 26 g/t gold over 57m, 1487 gram meters gold from 164m downhole in OEDD-83 Including 45.7 g/t gold over 32m @ from 165m downhole Mineralization is consistently high grade throughout the reported interval One of the highest-grade gold intersections in Africa in decades A follow-up drill program is scheduled to begin in April, with 25,000 meters planned for 2024 Awalé Resources Ltd. is delighted to report [...]
HIGHLIGHTS: 75m @ 2.4 g/t gold equivalent from 242m downhole* in OEDD-74 44m @ 2.5 g/t Au Eq from 131m downhole* in OEDD-65 40m @ 1.9 g/t Au Eq from 194m downhole* in OEDD-76 39m @ 1.6 g/t Au Eq from 60m downhole* in OEDD-64 Assay results from the Charger target are expected soon A follow-up drill program is scheduled to begin in April Awalé Resources Ltd.. is delighted to report significant assay results at the Odienné [...]
Highlights: 21-hole, ~4,000 metre drill program that began in December is now complete, with preliminary assays expected in March Drilling at BBM, Charger and Lando intercepted significant widths of alteration and mineralization A new video is now published highlighting the impressions of this drill program Awalé Resources Ltd.. is pleased to announce that we have recently completed a 21 hole 3932m Diamond drill program [...]
Awalé Resources Ltd.. wishes to announce that it has granted an aggregate 1,450,000 stock options to directors/officers, employees and consultants with an exercise price of C$0.12. An aggregate 350,000 of the options are subject to vesting and all but 100,000 of the remaining options granted have a 5 year term with an expiry of February 6, 2029. The remaining 100,000 expire in 2 years on February 6, 2026. "Andrew Chubb [...]
Awalé Resources Ltd. is pleased to announce a new gold-copper discovery at the BBM Target within the Odienné Project in Côte d'Ivoire. BBM is a significant new greenfield discovery for the Company and has excellent scope for rapid expansion. In addition to the new discovery, further significant results with visible gold have been returned for the Charger Target and new mineralization from the first two scout holes at the [...]
Highlights: 4,000 metre drill program on Awalé's Odienné now underway Awalé secured an additional USD 750,000 in joint venture funding from Newmont Corp. Final Drill results from Odienné's Summer Drill Program expected in early January Awalé Resources , is pleased to announce the commencement of a 4000-meter diamond drilling program at the Odienné joint venture project with Newmont. This is a continuation of the Awalé's [...]
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