Awalé Announces 100,000-Metre Drill Program at Odienné
Awalé Resources (OTCQX: AWLRF) announced a proposed up to 100,000‑metre discovery and resource‑definition drilling program at the Odienné Project in Côte d'Ivoire, through 2026. The plan splits into a 12,000‑metre discovery program on 100%‑owned permits (C$15M cash on hand) and up to 88,000 metres on the Odienné East JV permit across 2025–2026. Drilling is scheduled to start October 2025 after the rainy season with up to five rigs and continuous activity through 2026. Awalé targets a first Mineral Resource Estimate and Preliminary Economic Assessment in Q2 2026 and advancement toward a Pre‑Feasibility Study in 2027. JV drilling remains subject to Newmont approval.
Awalé Resources (OTCQX: AWLRF) ha annunciato un programma proposto di sondaggio e definizione delle risorse fino a 100.000 metri presso il progetto Odienné, in Costa d'Oro, fino al 2026. Il piano si suddivide in un programma di scoperta di 12.000 metri su permessi di proprietà al 100% (C$15 M in liquidità disponibili) e fino a 88.000 metri sul permesso Odienné East JV nel periodo 2025–2026. Le trivellazioni dovrebbero iniziare ottobre 2025 dopo la stagione delle piogge, con fino a cinque trivelle e attività continue fino al 2026. Awalé punta a una prima stima delle riserve minerarie e a una valutazione economica preliminare nel secondo trimestre 2026 e a progredire verso uno studio di pre-fattibilità nel 2027. Le trivellazioni in JV restano soggette all'approvazione di Newmont.
Awalé Resources (OTCQX: AWLRF) anunció un programa propuesto de descubrimiento y definición de recursos de hasta 100.000 metros en el Proyecto Odienné en Côte d'Ivoire, hasta 2026. El plan se divide en un programa de descubrimiento de 12.000 metros en permisos 100% propios (C$15 millones en efectivo) y hasta 88.000 metros en el permiso Odienné East JV, a lo largo de 2025–2026. Las perforaciones están programadas para comenzar en octubre de 2025 después de la temporada de lluvias, con hasta cinco taladros y actividad continua hasta 2026. Awalé apunta a una primera estimación de recursos minerales y una evaluación económica preliminar en el 2T 2026 y avanzar hacia un estudio de pre-factibilidad en 2027. Las perforaciones en JV quedan sujetas a la aprobación de Newmont.
Awalé Resources (OTCQX: AWLRF)는 코트디부아르의 Odienné 프로젝트에서 2026년까지 최대 10만 미터의 탐사 및 자원 정의 시추 프로그램을 제안했습니다. 계획은 100% 소유 허가에서의 12,000미터 탐사 프로그램과 2025–2026년에 걸쳐 Odienné East JV 허가에서의 최대 88,000미터를 나눕니다. 시추는 2025년 10월에 우기 후 시작되어 최대 다섯 대의 시추대로 2026년까지 지속될 예정입니다. Awalé는 2026년 2분기에 첫 번째 광물 자원 추정치와 예비 경제 평가를 목표로 하며, 2027년까지 예비 타당성 연구로의 진전을 모색합니다. JV 시추는 뉴맨트의 승인을 관건으로 남겨둡니다.
Awalé Resources (OTCQX: AWLRF) a annoncé un programme proposé de découverte et de définition des ressources allant jusqu'à 100 000 mètres au project Odienné en Côte d'Ivoire, jusqu'en 2026. Le plan se divise en un programme de découverte de 12 000 mètres sur des permis détenus à 100 % (C$15 M de liquidités) et jusqu'à 88 000 mètres sur le permis Odienné East JV sur 2025–2026. Le forage devrait commencer en octobre 2025 après la saison des pluies, avec jusqu'à
Awalé Resources (OTCQX: AWLRF) kündigte ein vorgeschlagenes Programm zur Entdeckung und Ressourcen-Definition mit bis zu 100.000 Metern Bohrungen im Odienné-Projekt in Côte d'Ivoire bis 2026 an. Der Plan teilt sich in ein 12.000-Meter-Entdeckungsprogramm auf 100%-Eigentumsrechten (C$15 Mio. Bargeld) und bis zu 88.000 Metern auf dem Odienné East JV-Genehmigung über 2025–2026. Das Bohren soll Oktober 2025 nach der Regenzeit beginnen, mit bis zu fünf Bohrgeräten und fortlaufender Aktivität bis 2026. Awalé strebt eine erste Schätzung der Mineralressourcen und eine vorläufige wirtschaftliche Bewertung im 2. Quartal 2026 an und den Fortschritt hin zu einer Pre-Feasibility Study im Jahr 2027. Das JV-Bohrprogramm bleibt der Genehmigung durch Newmont vorbehalten.
أعلنت شركة Awalé Resources (OTCQX: AWLRF) عن برنامج حفر مقترح لاكتشاف وتحديد الموارد يصل إلى 100,000 مترًا في مشروع Odienné في ساحل العاج، حتى عام 2026. الخطة مقسّمة إلى برنامج اكتشاف من 12,000 متر على رخص مملوكة بنسبة 100% (يبلغ النقد المتاح 15 مليون دولار كندي) وإلى حتى 88,000 متر على رخصة Odienné East JV عبر 2025–2026. من المقرر أن يبدأ الحفر في أكتوبر 2025 بعد موسم الأمطار، وبوجود حتى خمس منصات حفر وأنشطة مستمرة حتى 2026. تستهدف Awalé إجراء أول تقدير للموارد المعدنية وتقييم اقتصادٍ أولي في الربع الثاني من 2026 والتقدم نحو دراسة الجدوى المسبقة في 2027. ما زالت حفر JV خاضعة لموافقة نيو مونت.
Awalé Resources (OTCQX: AWLRF)宣布在科特迪瓦Odienné项目实施一项提议的勘探与资源确定钻探计划，范围可达到 10万米，至2026年。该计划分为在100%自有许可上的 12,000米勘探计划（C$1500万现金在手）以及在Odienné East JV许可上的 最高88,000米，覆盖2025-2026年。计划在雨季结束后的 2025年10月启动钻探，最多使用 5台钻机，并持续开展至2026年。Awalé 目标在2026年第二季度完成首次矿产资源量估算与初步经济评估，并推进至 2027年的前端可行性研究。JV钻探仍须获得 Newmont 的批准。
- Program size: up to 100,000 metres of drilling through 2026
- JV allocation: up to 88,000 metres on Odienné East JV permit
- Company cash: C$15 million on hand
- Timeline: target MRE and PEA in Q2 2026
- Operational scale: up to 5 rigs planned on site
- Majority drilling (88,000 metres) on JV permit requires Newmont approval
- Drilling start constrained to post‑rainy season (October 2025), risking schedule shifts
HIGHLIGHTS
- 12,000-metre discovery drill program on
100% -owned permits with C$15 million cash on hand. - Up to 88,000-metre discovery and resource definition drill program on the Odienné East JV permit throughout 2025-2026.
- Drilling begins October 2025, targeting first Mineral Resource Estimate in 2026.
Toronto, Ontario--(Newsfile Corp. - October 3, 2025) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is pleased to announce a proposed program of up to 100,000 metres of resource definition and discovery drilling, through 2026, at the Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire.
This large-scale program is planned to position Awalé to deliver a first Mineral Resource Estimate and Preliminary Economic Assessment for the Project in Q2 2026 and to advance toward a Pre-Feasibility Study in 2027 encompassing the BBM, Charger, and Empire zones.
In parallel, Awalé is aggressively advancing a systematic exploration program on the recently granted Sama and Seydou permits, where discovery drilling is designed to unlock the Project's district-scale potential and generate the next wave of discoveries. These highly prospective permits lie within the same mineralized system and along strike from BBM, Charger, and Empire.
"We are very pleased to launch 100,000 metres of drilling at the Odienné Project, the program consists of a combination of resource development and discovery drilling that is designed to deliver the first resource estimate and preliminary economic study for the Project. We have an impressive inventory of discoveries demonstrating Odienné as a district-scale gold and copper mineralized system, and we have confidence in the potential for the Project to deliver new discoveries in our recently granted permits.
Awalé is well-financed and supported to achieve this ambitious program and we look forward to delivering new discoveries and our first resources in 2026," said Andrew Chubb, CEO of Awalé Resources.
Drilling is currently planned to commence after the rainy season in October 2025, with up to five (5) rigs expected on site and near-continuous drilling planned throughout 2026. Drilling on any JV claim has been planned and remains subject to Newmont's ongoing approval. The Company will provide shareholders with updates on specific targets, timelines, and results as the program advances.
The Company also anticipates publishing assay results from earlier drilling at Charger, BBM, and Fremen in the near term.
Figure 1: Odienné Project - Permits and Targets Map
To view an enhanced version of this graphic, please visit:
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About Awalé Resources
Awalé is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of Côte d'Ivoire, where the Company is exploring the Odienné Copper-Gold Project ("Odienné" or the "Project"), covering 2,346 km2 across seven permits-five granted and two applications. This includes 797 km2 in two permits held under the Awalé-Newmont Joint Venture ("OJV"). Awalé manages all exploration activities over the OJV, with funding provided by Newmont Ventures Limited ("Newmont").
Awalé has discovered four gold, gold-copper, and gold-copper-silver-molybdenum mineralized systems within the OJV and has recently commenced exploration on its
The Odienné Project is underexplored and has multiple pipeline prospects with similar geochemical signatures to Iron Oxide Copper Gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The Company benefits from a skilled and well-seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.
Qualified Person
The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the Company's Qualified Person as defined by National Instrument 43-101. Mr. Chubb is the Company's Chief Executive Officer and holds an Economic Geology degree, is a Member of the Australian Institute of Geoscientists (AIG), and is a Member of the Society of Economic Geoscientists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.
AWALÉ Resources Limited
On behalf of the Board of Directors
"Andrew Chubb"
Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Chubb, CEO
+356 9913 9117
a.chubb@awaleresources.com
Ardem Keshishian, VP Corporate Development
+1 (416) 471-5463
a.keshishian@awaleresources.com
The Company's public documents may be accessed at www.sedarplus.com. For further information on the Company, please visit our website at www.awaleresources.com.
Forward-Looking Information
This news release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, propose, potential, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this news release include but are not limited to statements regarding, the Company's presence in Côte d'Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont JV, works on other properties, timing and extent of planned drilling, expectations to achieve a first mineral resource estimate and preliminary economic assessment, advancing towards a pre-feasibility study, potential for new discoveries, timing for providing assay results, commencement of operations. Although the Company believes any forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the results of the proposed drilling programs, the number of drilling rigs on site, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected and that the proposed drilling program will proceed as planned. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268865
FAQ
What drilling program did Awalé (AWLRF) announce on October 3, 2025?
How is the 100,000 metres of drilling allocated for Awalé's Odienné Project (AWLRF)?
When will Awalé (AWLRF) begin drilling at Odienné and how many rigs are planned?
What near‑term technical milestones is Awalé (AWLRF) targeting for Odienné?
Does any condition limit Awalé's (AWLRF) planned JV drilling at Odienné?
What funding did Awalé (AWLRF) report to support the 2025–2026 program?
