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Awalé Resources Limited reports mineral exploration developments tied to gold and copper-gold targets in Côte d'Ivoire. Company news centers on the Odienné Copper-Gold Project, including drilling and assay results from targets such as BBM, Charger, Empire and Fremen, plus updates on mineralized corridors, shallow discoveries and depth extensions.
Coverage also includes Awalé's 100%-owned ground, the Sienso permit, and the Awalé-Newmont Joint Venture area where Awalé manages exploration activities with funding from Newmont Ventures Limited. Recurring announcements describe diamond and aircore drilling, gold and copper intercepts, project presentations and district-scale exploration work across the Odienné permit package.
Awalé Resources (OTCQX: AWLRF) has defined a new 4-kilometre gold anomaly (“Anomaly 1”) on its 100%-owned Seydou permit within the Odienné Project in Côte d'Ivoire, based on 4,098 termite mound and soil samples with peak values up to 514 ppb Au in termitaria and 214 ppb Au in soils.
A 24-hole, ~1,500 m aircore program is underway to test about 2 km of this trend, while a seven-hole, ~1,600 m diamond “framework” program is drilling the Fremen discovery to establish 300 m of strike and 200 m down-dip continuity. According to Awalé, the company holds a $36.5 million treasury and plans to present an updated, accelerated exploration plan for its 1,542 km² 100%-owned Odienné ground in mid-September. The broader Odienné Project totals 2,338 km² and already hosts an inferred resource of 1.71 Moz gold equivalent across the BBM, Charger, and Empire deposits.
Awalé Resources (OTCQX: AWLRF) has appointed senior mining executive Michael Dorfman to its Board of Directors, replacing Karl Akueson, who has stepped down effective immediately. Dorfman brings over 20 years of mining, M&A, strategy, and capital markets experience, including senior leadership roles at DPM Metals and prior investment banking positions.
In connection with his appointment as an independent director, Awalé granted Dorfman 400,000 stock options exercisable at $0.90 per share for three years, vesting over two years; the appointment and option grant are subject to final TSX Venture Exchange approval. Awalé’s flagship Odienné Project in Côte d'Ivoire hosts an initial inferred mineral resource of 1.71 million ounces gold equivalent (32.4 Mt at 1.33 g/t Au and 0.33% Cu), supported by a joint venture with Newmont Ventures and a broader 100%-owned land package.
Awalé Resources (OTCQX: AWLRF) reported first deeper drill results from the BBM gold-copper deposit at the Odienné Project in Côte d'Ivoire, confirming continuation of the high-grade core below the current open pit Mineral Resource and indicating emerging underground potential.
The initial two holes of a planned twelve-hole program intersected 7m at 7.21 g/t gold equivalent from 385m (including 1m at 43.68 g/t AuEq, the highest grade drilled at BBM to date) in hole BBDD-31, and 46m at 2.35 g/t AuEq from 364m (including 17m at 3.41 g/t AuEq) in BBDD-30. Drilling follows the interpreted steeper plunge of the high-grade core down to about 600m, with assays for ten additional holes pending and further step-out and deeper drilling planned.
According to Awalé, Odienné hosts an initial inferred Mineral Resource Estimate of 1.71 million ounces gold equivalent across BBM, Charger, and Empire (32.4 Mt at 1.33 g/t Au and 0.33% Cu), with exploration funded on joint venture ground by Newmont Ventures and seven rigs currently active on the project.
Awalé Resources (OTCQX: AWLRF) filed an NI 43-101 Technical Report for the initial Odienné Project Mineral Resource Estimate in Côte d'Ivoire, effective April 1, 2026.
The global inferred resource totals 32.4 Mt at 1.64 g/t AuEq. for 1,707,000 oz AuEq., including 1,389,000 oz gold and 93,000 tonnes copper. Key deposits are BBM, Charger and Empire.
Awalé Resources (OTCQX: AWLRF) reported second-phase step-out drilling results at the Charger 2 target on the Odienné Project in Côte d'Ivoire.
New intercepts include 18.0 g/t Au over 7m within 9.2 g/t over 18m and 14.1 g/t Au over 4m within 4.0 g/t over 16m, outside the current Charger MRE envelope of 1.71 Moz AuEq at 1.64 g/t AuEq. Mineralization remains open along strike and down plunge, about 200m southwest of Charger 1. Five drill rigs are active, with two more expected, supporting ongoing exploration and potential resource growth across Charger and BBM.
Awalé Resources (OTCQX: AWLRF) increased its cash position to approximately $18.8 million after the exercise of 5,499,166 warrants at $0.20, raising about $1.1 million. Insiders and a strategic shareholder exercised roughly 5.2 million warrants. The company now has 118,996,931 shares outstanding and targets a Preliminary Economic Assessment in Q3 2026 to advance its Côte d'Ivoire gold projects.
Awalé Resources (OTCQX:AWLRF) reported an initial inferred Mineral Resource Estimate for the Odienné gold-copper project in Côte d'Ivoire of 32.4 Mt at 1.64 g/t AuEq, totalling 1.71 Moz AuEq (1.39 Moz gold, 93,000 t copper).
BBM hosts 27.8 Mt at 1.52 g/t AuEq (1.36 Moz AuEq), Charger 1.6 Mt at 4.64 g/t AuEq (232 koz AuEq), and Empire 3.0 Mt at 1.23 g/t Au (119 koz). All resources are inferred, not reserves. A PEA is targeted for Q3 2026 and a Pre-Feasibility Study for Q4 2027.
Awalé Resources (OTCQX:AWLRF, TSXV:ARIC) reported a stronger treasury of approximately $17.7 million in cash after receiving about $5.0 million from the exercise of 6,230,114 warrants at $0.80 each.
The company now has 113,497,765 shares outstanding, supporting a multi-year exploration runway in Côte d'Ivoire.
Awalé Resources (AWLRF) reported a new discovery at the 100%-owned Fremen target, 11 km along strike from BBM. Key assays include 1.9 g/t Au over 17 m from 6 m and 2.1 g/t Au over 12 m from 32 m. A 126-hole, 5,210 m program confirmed near-surface mineralization across an initial 1-km zone within an 8-km corridor. Results from 52 additional holes are pending, and the Fremen corridor remains open for expansion.
Awalé Resources (OTCQX: AWLRF) reported step-down drill results at the Empire target, confirming broad, multi-zone gold mineralization to 280m vertical depth.
Key intercepts include 5.1 g/t Au over 10m (including 24.9 g/t over 2m) and 1.3 g/t Au over 11m. All resource drilling results are now reported and an initial MRE is targeted for Q2 2026.