Awalé Resources wishes to announce that following the news release dated Nov 10, 2021, regarding the non brokered private placement, the terms of which have now been revised on the basis that each Unit now offered at $0.20 will consist of one common share and one-half share purchase warrant; each whole share purchase warrant will be exercisable at a price of $0.40 to purchase a common share of the Company until expiry 24 [...]
Awalé Resources Ltd. is pleased to announce that infill and follow up soil and termitaria geochemistry on the 5km long Sceptre Iron-Oxide Copper-Gold target, Odienné Project, has refined the anomaly into 2 significant high tenor copper-gold IOCG targets . The two Sceptre Cu-Au targets are now ready for follow up geophysics and maiden drilling in the first half of 2022 . On the basis of the regional geological setting of [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 218,249 payment shares at an effective price of around C$0.23 in settlement of C$49,673.27 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited as originally announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its [...]
Awalé Resources Ltd. announces that further to its November 4, 2021 news release, its share consolidation on a 8:1 basis has been accepted and will be effective on December 6, 2021. All registered shareholders will be sent new certificates representing their share positions directly from the Company's transfer agent Computershare without any action on their part. Post consolidation the Company will have approximately [...]
Awalé Resources Ltd. the Company wishes to announce that the directors have approved a consolidation of its common shares on the basis of one new common share for every eight outstanding shares and further plans to complete a non-brokered private placement of up to 10,417,000 shares to raise gross proceeds of up to $2,500,000 on a post consolidated basis, at a price of $0.24 per post consolidated common share. Gross [...]
Awalé Resources Ltd. is pleased to announce that a significant new surface gold anomaly has been defined from termitaria sampling at the Alliance Prospect, Empire Corridor, Odienné Project. The Alliance Prospect extends the known strike extent of the Empire mineralized trend by 3km to >6km. Highlights: New 1km long, >100 part per billion surface gold anomaly has been defined from termitaria sampling at the Alliance [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 297,013 payment shares in settlement of C$21,401.41 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited as originally announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its services in cash or a combination of [...]
Awalé Resources Ltd. is pleased to report further results from drilling at the Empire and Charger prospects, Odienne Project, Cote d'Ivoire . Final assay results have now been returned for the last 11 holes completed with the following highlights: Empire Prospect 'Empire Gap' Offset Drilling Five RC holes and one diamond hole were drilled into a 150m lateral offset from the Empire Main discovery known as Empire Gap. This [...]
Awalé Resources Ltd. is pleased to announce that following the recent high grade IOCG styled discovery at the Charger prospect, significant copper/gold anomalism has been delineated in geochemistry surveys completed over the greater Odienné Permit area . Highlights include: Delineation of a >5 km long Cu-Au soil anomaly with Cu values up to 0.18% . The Sceptre Target is located north of the Charger Prospect where recent [...]
Awalé Resources Ltd. is pleased to announce that it has received Exchange approval and has issued 1,121,270 payment shares in settlement of C$81,250.27 in drilling services pursuant to the Memorandum of Understanding with Geodrill Limited, as announced April 12, 2021. Pursuant to the MoU's, US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its services in cash or a combination of cash [...]
Awalé Resources Ltd. is pleased to report that elevated copper values are associated with the high-grade gold mineralization previously reported from Reverse Circulation drilling at the Charger prospect, Odienné Project . Both the gold-copper metal association and distinct hematite-rich alteration at Charger are interpreted by the Company to be typical of Iron Oxide Copper Gold style systems, and therefore represents a [...]
Awalé Resources Ltd. is pleased to report that assay results have now been received from 4381m of scout drilling at the Samanda East and the southernmost 4 targets of the Kodio Trend at the Bondoukou project . In addition to previous drilling at Fako, the Company has now tested just 15% of the known 60+km cumulative mineralized strike length for the discovery of gold deposits at the Bondoukou project. Highlights from the [...]
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