Awalé Connects Charger 1 and Charger 2 - Extending Gold Mineralization Across 300 Metres of Strike, Including 8.7 g/t Gold over 25 Metres and 7.0 g/t Gold over 28 Metres
The connected gold system remains open at depth and down-plunge, with results from another 33 Charger drill holes pending.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Awalé Resources (AWLRF) connected Charger 1 and Charger 2 through drilling across approximately 300 metres of strike at its Odienné Project. The gold system in Côte d’Ivoire extends approximately 400 metres vertically, with estimated true widths of up to approximately 34 metres, and remains open at depth and down-plunge.
CHDD-62 returned 8.7 grams per tonne gold over 25 metres from 138 metres downhole. CHDD-52 returned 7.0 grams per tonne over 28 metres from 134 metres, plus 5.17 grams per tonne over 17 metres from 223 metres. CHDD-60 returned 4.65 grams per tonne over 49 metres from 119 metres. These are downhole lengths, not true widths. The drilling forms part of a 50-hole program stepping southwest between the zones. Results from 33 further Charger holes remain pending; the company expects additional Charger and BBM results over the coming weeks.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointCharger 1 and Charger 2 connected across approximately 300 metres of strike and 400 metres vertically.
- Minor pointCHDD-62 returned 8.7 g/t gold over 25 metres from 138 metres downhole.
- Minor pointCHDD-52 returned 7.0 g/t gold over 28 metres from 134 metres downhole.
- Minor pointCHDD-52 also returned 5.17 g/t gold over 17 metres from 223 metres downhole.
- Minor pointCHDD-60 returned 4.65 g/t gold over 49 metres from 119 metres downhole.
4 minor points
- Minor pointCHDD-34 returned 3.07 g/t gold over 15 metres from 173 metres downhole.
- Minor pointCHDD-62 also returned 11.90 g/t gold over 5 metres from 168 metres downhole.
- Minor pointMineralization remains open at depth and down-plunge, with estimated true widths up to approximately 34 metres.
- Minor point. Forward-looking: it has not happened yet and may not happen.Further resource growth through additional down-plunge drilling remains a company-identified potential.
Negative
- Minor pointHoles without reported intercepts did not meet the 0.5 g/t gold grade trigger.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Highlights
Charger 1 and Charger 2 connected. Mineralization now extends approximately 300m along strike and 400m vertically, with estimated true widths of up to 34m, and remains open at depth and down-plunge.
High-grade intercepts across Charger 1 and Charger 2:
8.7 g/t gold over 25m, including 36.5 g/t gold over 3m from 138m downhole in CHDD-62 (Charger 2)
7.0 g/t gold over 28m, including 9.0 g/t gold over 20m from 134m downhole and 5.2 g/t gold over 17m from 223m downhole, including 20.1 g/t gold over 4m from 233m downhole in CHDD-52 (Charger 1)
4.7 g/t gold over 49m from 119m downhole, including 10.4 g/t gold over 8m from 135m downhole in CHDD-60 (Charger 2)
These results support continued high-grade growth potential at Charger.
Results from a further 33 Charger drill holes remain pending, with additional results from Charger and BBM expected over the coming weeks.
Toronto, Ontario--(Newsfile Corp. - October 27, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is pleased to announce the results from step-out diamond drilling at Charger, establishing high-grade continuity between Charger 1 and Charger 2 over approximately 300 metres of strike, merging the two zones (see Figures 2 to 4) at its Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire. Mineralization now extends towards 300 metres along strike and 400 metres vertically, with true widths of up to approximately 34 metres, and remains open at depth and down-plunge.
"We are now seeing Charger 1 and Charger 2 merging together. As we stepped out the drilling to the southwest at the same elevation as the earlier high-grade intercepts in OEDD-83 and OEDD-100, every hole has intersected Charger-style breccia and veining, with widths of up to 49 metres downhole. The system remains open at depth along the full strike, and with further results pending, we expect Charger to keep growing beyond the current MRE," said Andrew Chubb, President and CEO of Awalé Resources.
Watch Video of CEO Andrew Chubb Discussing Results
Increasing Strike of the Mineralization - Merging Charger 1 and 2
Diamond drill holes CHDD-52, CHDD-60, and CHDD-62 were part of a 50-hole level drill program that stepped out from the southwestern edge of Charger 1 towards Charger 2 on a 20m incremental spacing. All drill holes successfully intersected Charger-style alteration and geology with increasing thicknesses of breccia and vein mineralization of up to 49m downhole. These high-grade holes were drilled to the southwest and at the same RL as the early diamond drilling at Charger, that included OEDD-100 (59m @ 14.7 g/t Au from 140m) (see November 11, 2024 news release) and OEDD-83 (57m @ 26 g/t Au from 164m) (see March 25, 2024 news release).
Drilling to the northeast at Charger has confirmed edge of system geology, defined as a sharp contact that plunges steeply to subvertical to the southwest. The geometry and continuity observed to date to the southwest, shows the system is broader than previously modeled, supporting the potential for further resource growth through additional down-plunge drilling. Mineralization remains open at depth and down-plunge, as shown on the long section.
Table 1: Significant Intercepts from Diamond Drilling - (from this release)
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Cu (%) | Ag (g/t) | Mo (ppm) | Comp. Trigger (Au g/t) |
| CHDD0027 | 19.00 | 22.50 | 3.50 | 1.14 | 0.01 | 0.12 | 2 | 0.50 |
| 51.50 | 52.00 | 0.50 | 6.45 | 0.00 | 0.24 | 2 | 0.50 | |
| 60.50 | 61.50 | 1.00 | 1.65 | 0.02 | 0.23 | 2 | 0.50 | |
| 69.50 | 70.00 | 0.50 | 1.10 | 0.02 | 0.22 | 2 | 0.50 | |
| 78.00 | 80.50 | 2.50 | 1.10 | 0.01 | 0.09 | 2 | 0.50 | |
| including | 80.00 | 80.50 | 0.50 | 4.48 | 0.01 | 0.16 | 2 | 3.00 |
| 114.00 | 115.00 | 1.00 | 3.79 | 0.01 | 0.21 | 2 | 0.50 | |
| CHDD0028 | 96.00 | 97.00 | 1.00 | 0.81 | 0.01 | 0.09 | 3 | 0.50 |
| 130.00 | 131.00 | 1.00 | 0.80 | 0.01 | 0.09 | 3 | 0.50 | |
| CHDD0030 | 233.00 | 234.00 | 1.00 | 0.62 | 0.55 | 13.84 | 4 | 0.50 |
| CHDD0033 | 3.50 | 5.00 | 1.50 | 0.57 | 0.02 | 1.36 | 1 | 0.50 |
| 9.50 | 12.50 | 3.00 | 1.34 | 0.02 | 0.74 | 1 | 0.50 | |
| including | 9.50 | 11.00 | 1.50 | 1.95 | 0.02 | 0.93 | 1 | 1.50 |
| 43.00 | 43.50 | 0.50 | 0.76 | 0.03 | 1.96 | 91 | 0.50 | |
| 52.00 | 53.00 | 1.00 | 0.63 | 0.11 | 1.47 | 1 | 0.50 | |
| CHDD0034 | 165.00 | 166.00 | 1.00 | 0.53 | 0.01 | 0.22 | 2 | 0.50 |
| 173.00 | 188.00 | 15.00 | 3.07 | 0.01 | 0.37 | 3 | 0.50 | |
| including | 174.00 | 177.00 | 3.00 | 8.11 | 0.01 | 0.58 | 8 | 5.00 |
| 195.00 | 196.00 | 1.00 | 0.55 | 0.04 | 0.92 | 2 | 0.50 | |
| 232.00 | 233.00 | 1.00 | 0.97 | 0.01 | 0.11 | 2 | 0.50 | |
| CHDD0035 | 168.00 | 169.00 | 1.00 | 0.55 | 0.01 | 0.15 | 4 | 0.50 |
| 188.00 | 189.00 | 1.00 | 0.69 | 0.01 | 0.31 | 3 | 0.50 | |
| CHDD0052 | 125.00 | 126.00 | 1.00 | 1.01 | 0.01 | 0.27 | 3 | 0.50 |
| 134.00 | 162.00 | 28.00 | 7.03 | 0.00 | 0 | 0.50 | ||
| including | 134.00 | 154.00 | 20.00 | 9.02 | 0.00 | 0 | 5.00 | |
| 166.00 | 171.00 | 5.00 | 3.89 | 0.00 | 0 | 0.50 | ||
| including | 169.00 | 170.00 | 1.00 | 12.99 | 0.00 | 0 | 10.00 | |
| 175.00 | 189.00 | 14.00 | 0.89 | 0.00 | 0 | 0.50 | ||
| 199.00 | 212.00 | 13.00 | 0.77 | 0.00 | 0 | 0.50 | ||
| 223.00 | 240.00 | 17.00 | 5.17 | 0.00 | 0.10 | 0 | 0.50 | |
| including | 233.00 | 237.00 | 4.00 | 20.08 | 0.00 | 0 | 5.00 | |
| 283.00 | 284.00 | 1.00 | 2.52 | 0.02 | 0.54 | 4 | 0.50 | |
| 304.00 | 305.00 | 1.00 | 0.58 | 0.02 | 0.35 | 14 | 0.50 | |
| 314.00 | 316.00 | 2.00 | 1.30 | 0.05 | 7.89 | 368 | 0.50 | |
| 341.00 | 342.00 | 1.00 | 0.83 | 0.01 | 0.13 | 4 | 0.50 | |
| 349.00 | 350.38 | 1.38 | 0.53 | 0.01 | 0.09 | 2 | 0.50 | |
| CHDD0054 | 139.00 | 152.00 | 13.00 | 1.61 | 0.50 | |||
| 164.00 | 166.00 | 2.00 | 0.80 | 0.50 | ||||
| 182.00 | 183.00 | 1.00 | 1.40 | 0.50 | ||||
| CHDD0055 | 154.00 | 159.00 | 5.00 | 2.00 | 0.50 | |||
| 166.00 | 177.00 | 11.00 | 1.37 | 0.50 | ||||
| including | 170.00 | 171.00 | 1.00 | 3.93 | 3.00 | |||
| and | 176.00 | 177.00 | 1.00 | 8.79 | 5.00 | |||
| CHDD0057 | 102.00 | 103.00 | 1.00 | 1.38 | 0.50 | |||
| 136.00 | 137.00 | 1.00 | 0.77 | 0.50 | ||||
| 187.00 | 190.00 | 3.00 | 1.97 | 0.50 | ||||
| including | 187.00 | 190.00 | 3.00 | 1.97 | 1.50 | |||
| CHDD0060 | 119.00 | 168.00 | 49.00 | 4.65 | 0.50 | |||
| including | 135.00 | 168.00 | 33.00 | 6.38 | 1.50 | |||
| and | 135.00 | 143.00 | 8.00 | 10.41 | 5.00 | |||
| and | 135.00 | 136.00 | 1.00 | 40.43 | 10.00 | |||
| CHDD0062 | 138.00 | 163.00 | 25.00 | 8.71 | 3.00 | |||
| including | 138.00 | 157.00 | 19.00 | 9.25 | 5.00 | |||
| and | 138.00 | 141.00 | 3.00 | 36.51 | 10.00 | |||
| and | 162.00 | 163.00 | 1.00 | 35.43 | 10.00 | |||
| 168.00 | 173.00 | 5.00 | 11.90 | 5.00 | ||||
| 190.00 | 191.00 | 1.00 | 8.13 | 0.50 | ||||
| 214.00 | 217.00 | 3.00 | 3.17 | 1.50 | ||||
| including | 214.00 | 215.00 | 1.00 | 7.33 | 5.00 |
Table 2: Charger Drill Collar Details - (all collars from this release)
| Hole ID | Easting | Northing | RL (m) | Azimuth_True | Dip | EOH (m) |
| CHDD0026 | 647908 | 1032372 | 469.0 | 313.1 | -56.0 | 194.3 |
| CHDD0027 | 647879 | 1032342 | 469.5 | 313.1 | -56.0 | 164.3 |
| CHDD0028 | 647901 | 1032324 | 467.6 | 310.6 | -63.6 | 293.1 |
| CHDD0029 | 647937 | 1032401 | 467.4 | 313.1 | -55.9 | 149.3 |
| CHDD0030 | 647955 | 1032328 | 465.4 | 311.2 | -52.2 | 281.3 |
| CHDD0031 | 647974 | 1032361 | 466.1 | 311.1 | -56.9 | 263.1 |
| CHDD0033 | 647848 | 1032263 | 467.2 | 311.8 | -61.7 | 278.8 |
| CHDD0034 | 647741 | 1032152 | 471.0 | 310.9 | -61.8 | 278.7 |
| CHDD0035 | 647726 | 1032138 | 471.4 | 310.9 | -61.8 | 275.4 |
| CHDD0052 | 647749 | 1032187 | 471.1 | 311.7 | -61.5 | 350.4 |
| CHDD0054 | 647735 | 1032172 | 471.7 | 311.7 | -61.6 | 323.2 |
| CHDD0055 | 647723 | 1032157 | 471.8 | 311.5 | -61.6 | 260.3 |
| CHDD0057 | 647710 | 1032145 | 472.0 | 311.6 | -61.5 | 263.3 |
| CHDD0059 | 647693 | 1032134 | 472.3 | 307.8 | -61.6 | 269.3 |
| CHDD0060 | 647648 | 1032093 | 471.6 | 311.7 | -61.4 | 254.2 |
| CHDD0061 | 647617 | 1032063 | 470.9 | 311.5 | -61.5 | 251.4 |
| CHDD0062 | 647681 | 1032112 | 472.0 | 311.5 | -61.5 | 258.4 |
Figure 1: Odienné Project - Permits and targets map (Charger highlighted in red).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/321126_af3d59b4f4972987_002full.jpg
Figure 2: Charger Plan Map - Showing drill collars from this release in red, drilled holes with pending results in black, the interpreted mineralized breccia and vein system connecting Charger 1 and Charger 2, and the locations of cross section A-A′ and long section B-B′.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/321126_af3d59b4f4972987_003full.jpg
Figure 3: Charger Long Section (line B-B′ in plan map, Figure 2) - Showing the approximately 300m strike extent of mineralization connecting Charger 1 and Charger 2, gold grade distribution, drill intercepts from this release in red, and holes with pending results in black. Mineralization extends approximately 400m vertically and remains open at depth and along strike.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/321126_af3d59b4f4972987_004full.jpg
Figure 4: Charger Cross Section (line A-A′ in plan map, Figure 2) - Through hole CHDD-62 (this release), showing high-grade mineralization of 8.7 g/t Au over 25m, including 36.5 g/t Au over 3m, within the interpreted Charger breccia and vein system.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/321126_af3d59b4f4972987_005full.jpg
About Awalé Resources
Awalé Resources is a diligent and systematic mineral exploration company focused on discovering large-scale gold and gold-copper deposits in Côte d'Ivoire. The Company's flagship Odienné Project now hosts an initial inferred Mineral Resource Estimate1 of 1.71 million ounces gold equivalent across the BBM, Charger, and Empire deposits (32.4 Mt at 1.33 g/t Au and
In addition to the current resource base defined on the joint venture ground, Awalé controls a 1,542 km2
The Odienné Project covers 2,338 km2 across seven permits, including 797 km2 held under the Awalé-Newmont Joint Venture. Awalé manages exploration activities across the joint venture area.
With a skilled and experienced technical team, together with support from three strategic shareholders, Awalé is advancing exploration in an underexplored and pro-mining jurisdiction with clear potential for district-scale discoveries.
Quality Control and Assurance
Analytical work for drill samples is being carried out at the independent Intertek Laboratories in Ghana and Australia, an ISO 17025 Certified Laboratory. Samples are prepared and stored at the Company's field camps and put into sealed bags until collected by Intertek from the Company's secure Odienné office and transported by Intertek to their preparation laboratory in Yamoussoukro, Côte d'Ivoire, for preparation. Samples are logged in the tracking system, weighed, dried, and pulverized to greater than
Mineralized Interval Calculations
Significant intervals reported in this news release are calculated as downhole length-weighted intercepts. For the Charger target, initial mineralized zones are calculated at a 0.5 g/t Au trigger and include up to 3 metres of internal waste for delineating mineralized zones. Included intervals are calculated at 1.5 g/t Au, 3 g/t Au, 5 g/t Au, and 10 g/t Au trigger values, with a maximum of 3 metres of internal waste. Table 2 contains a list of all Charger holes reported in this release. True widths are estimated to be
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.
Abbreviations Used in this Release
| Au | Gold | |
| Ag | Silver | |
| Cu | Copper | |
| g/t | Grams per tonne | |
| km | Kilometres | |
| m | Metres | |
| Mo | Molybdenum | |
| MRE | Mineral Resource Estimate | |
| Mt | Million tonnes | |
| ppm | Parts per million |
AWALÉ Resources Limited
On behalf of the Board of Directors
"Andrew Chubb"
Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Chubb, CEO
(+356) 99139117
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.ca. 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 applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plan, propose, potential, postulate, target, continue, advance 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, the Company's presence in Côte d'Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont exploration agreement, advancement and expansion of the Odienné Project, the potential size, scale and quality of the mineral resource estimate at BBM, Charger and Empire, the conversion or upgrading of inferred mineral resources, timing and results of future drilling programs, resource expansion potential at BBM, Charger and Empire, and exploration and discovery potential at Fremen and other targets, the potential for additional discoveries, expectations regarding the timing and completion of a preliminary economic assessment and advancement toward pre-feasibility studies, timing for receipt of assay results, commencement and continuation of operations, and the potential development of the Odienné Project. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct. Factors that could cause actual results to differ materially from forward-looking information include, but are not limited to, the results of exploration and drilling programs, the interpretation of exploration and mineral resource results, changes in mineral resource estimates, the ability to convert inferred mineral resources to indicated mineral resources, the ability to complete future economic studies, fluctuations in commodity prices, changes in the state of equity and debt markets, delays in obtaining required regulatory, governmental, environmental or other project approvals, availability of financing, and the other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis and other continuous disclosure documents filed under the Company's profile at SEDAR+ 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, without limitation, that all necessary governmental and regulatory approvals will be received as and when expected, that financing will be available on reasonable terms, and that exploration, development and study activities will proceed as currently planned. Although the Company believes 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, whether as a result of new information, future events or otherwise, except 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.
1 The full Initial Mineral Resource Estimate news release dated May 19, 2026, including detailed assumptions and methodology, is available at www.awaleresources.com and SEDAR+ www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321126
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Awalé Resources discover between Charger 1 and Charger 2?
Drilling connected the two zones across approximately 300 metres of strike at the Odienné Project in Côte d’Ivoire. Mineralization extends approximately 400 metres vertically and remains open at depth and down-plunge.
What were Awalé Resources’ headline Charger gold drilling results?
Charger drilling returned 8.7 g/t gold over 25 metres in CHDD-62 and 7.0 g/t over 28 metres in CHDD-52. CHDD-60 returned 4.65 g/t gold over 49 metres. These intervals are downhole lengths rather than true widths.
How does Awalé Resources calculate Charger drill intervals and true widths?
Charger intervals use downhole length-weighted calculations, with true widths estimated at 70% of downhole widths. Initial mineralized zones use a 0.5 g/t gold trigger and allow up to 3 metres of internal waste. Included intervals use higher grade triggers, also allowing a maximum of 3 metres of internal waste.
What limits did Awalé Resources identify at the northeast end of Charger?
Drilling northeast of Charger confirmed edge-of-system geology, defined by a sharp contact plunging steeply to subvertical toward the southwest. The company considers the geometry and continuity observed southwest to indicate a broader system than previously modeled.