Awalé Hits 10.6 g/t Gold over 57 Metres, as Charger Merges into One Continuous System
The new mineralization lies outside Charger's May 2026 resource boundary, and results for 27 Charger holes remain 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) intersected gold grading 10.6 grams per tonne over 57 metres downhole at Charger in Côte d’Ivoire.
Hole CHDD-68 starts that interval at 148 metres downhole and includes 19.6 g/t gold over 20 metres. It sits 210 metres southwest of discovery holes OEDD-83 and OEDD-100, outside the Charger resource boundary in the May 2026 mineral resource estimate. Awalé interprets Charger 1 and Charger 2 as one continuous system spanning approximately 300 metres along strike and approximately 400 metres vertically, with mineralization open at depth and along strike.
CHDD-32 returned 3.5 g/t gold over 28 metres, while CHDD-36 returned 3.0 g/t over 18 metres. CHDD-38, CHDD-39 and CHDD-70 had no significant intercepts. Results for 27 Charger holes remain pending, with BBM results expected in 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 pointCHDD-68 returned 10.6 g/t gold over 57 metres downhole from 148 metres, outside the current resource boundary.
- Moderate pointCharger continuity is interpreted across approximately 300 metres along strike and approximately 400 metres vertically.
- Minor pointCHDD-32 returned 3.5 g/t gold over 28 metres downhole from 146 metres.
- Minor pointCHDD-36 returned 3.0 g/t gold over 18 metres downhole from 211 metres.
- Minor point. Forward-looking: it has not happened yet and may not happen.Mineralization remains open at depth and along strike; Awalé sees potential for further resource growth.
Negative
- Minor pointCHDD-38, CHDD-39 and CHDD-70 returned no significant intercepts.
- Minor pointCharger 2 true widths remain unknown; reported intercept lengths are measured downhole.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Highlights
10.6 g/t gold over 57m from 148m downhole, including 7.7 g/t gold over 27m from 150m downhole and 19.6 g/t gold over 20m from 183m downhole in CHDD-68 (Previously 'Charger 2').
Hole CHDD-68 sits 210m southwest of discovery holes OEDD-83 (26 g/t gold over 57m) and OEDD-100 (14.7 g/t gold over 59m), in the area previously called Charger 2.
Charger 1 and Charger 2 are now one continuous system over ~300m of strike and ~400m vertically.
This mineralization lies outside the Charger resource wireframe in the May 2026 MRE.
3.5 g/t gold over 28m from 146m downhole, including 12.3 g/t gold over 5m from 151m downhole in CHDD-32.
3.0 g/t gold over 18m from 211m downhole, including 5.3 g/t gold over 7m from 222m downhole in CHDD-36.
27 Charger holes pending, and BBM results to follow in the coming weeks.
These results support continued high-grade growth potential at Charger by extending the high-grade zone along strike and down-plunge beyond the current MRE.
Toronto, Ontario--(Newsfile Corp. - November 11, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is pleased to report 10.6 g/t gold over 57 metres, including 19.6 g/t gold over 20 metres, in hole CHDD-68 at Charger, at its Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire (see Figure 1). The hole was drilled 210 metres southwest of the Charger discovery holes. This step-out drilling continues to show potential for continuity over approximately 300 metres of strike, with broad, high-grade gold now intersected at the southwest extents of the system and outside the current Charger mineral resource.
"Charger has delivered again, with broad, high-grade mineralization intercepted 150 metres below surface and 210 metres along strike to the southwest of discovery holes OEDD-83 and OEDD-100. At 10.6 g/t gold over 57 metres downhole, CHDD-68 shows the Charger breccia and vein system can deliver both width and grade well beyond the discovery area. Mineralization remains open at depth and along strike, with further results still to come from holes testing up to 120 metres down-plunge of CHDD-68. We believe Charger has room to grow beyond the current MRE," said Andrew Chubb, President and CEO of Awalé Resources.
Watch Video of CEO Andrew Chubb Discussing Results
Enhancing the Tenor of the Mineralization - Merging Charger 2 with Charger 1
Diamond drill holes CHDD-68, CHDD-32, and CHDD-36 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 (see Figure 2). As with the previously reported holes from this program (see October 27, 2026 news release), all drill holes successfully intersected Charger-style alteration and geology, with increasing thicknesses of breccia and vein mineralization now up to 55m downhole. These holes were drilled to the southwest, at the same elevation as and up to 40m below of the early diamond drilling at Charger, which included OEDD-83 (57m @ 26 g/t Au from 164m) (see March 25, 2024 news release) and OEDD-100 (59m @ 14.7 g/t Au from 143m) (see November 11, 2024 news release).
Additional results from diamond holes CHDD-38 and CHDD-39 to the northeast have also confirmed edge-of-system geology a further 90m down-plunge from CHDD-33, defining a sharp contact that plunges steeply to subvertical to the southwest. The geometry and continuity observed to the southwest reinforce our understanding that the system is broader than previously modelled, supporting the potential for further resource growth through additional drilling. Mineralization remains open at depth and down-plunge, as shown on the long section (see Figure 3).
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) |
| CHDD0032 | 21.00 | 21.50 | 0.50 | 0.6 | 0.02 | 0.8 | 27 | 0.5 |
| 40.00 | 42.00 | 2.00 | 2.1 | 0.99 | 34.1 | 146 | 0.5 | |
| 98.00 | 102.00 | 4.00 | 0.6 | 0.08 | 1.7 | 7 | 0.5 | |
| 146.00 | 174.00 | 28.00 | 3.5 | NR | NR | NR | 0.5 | |
| including | 151.00 | 156.00 | 5.00 | 12.3 | NR | NR | NR | 5.0 |
| and | 168.00 | 170.00 | 2.00 | 6.1 | NR | NR | NR | 5.0 |
| 179.00 | 181.00 | 2.00 | 8.6 | 0.01 | 0.5 | 236 | 0.5 | |
| including | 180.00 | 181.00 | 1.00 | 15.6 | 0.01 | 0.7 | 463 | 5.0 |
| 265.00 | 266.00 | 1.00 | 3.4 | 0.01 | 0.3 | 8 | 0.5 | |
| CHDD0036 | 201.00 | 206.00 | 5.00 | 0.8 | 0.01 | 0.4 | 2 | 0.5 |
| 211.00 | 229.00 | 18.00 | 3.0 | 0.03 | 1.8 | 2 | 0.5 | |
| including | 211.00 | 212.00 | 1.00 | 7.2 | 0.01 | 1.0 | 2 | 5.0 |
| and | 222.00 | 229.00 | 7.00 | 5.3 | 0.07 | 3.9 | 2 | 1.0 |
| 314.00 | 315.00 | 1.00 | 1.0 | 0.02 | 0.4 | 1 | 0.5 | |
| 319.00 | 321.00 | 2.00 | 5.5 | 0.01 | 5.6 | 2 | 0.5 | |
| CHDD0038 | No significant intercept | |||||||
| CHDD0039 | No significant intercept | |||||||
| CHDD0068 | 148.00 | 205.00 | 57.00 | 10.6 | NR | NR | NR | 0.2 |
| including | 150.00 | 177.00 | 27.00 | 7.7 | NR | NR | NR | 0.5 |
| including | 170.00 | 177.00 | 7.00 | 18.8 | NR | NR | NR | 10.0 |
| and | 183.00 | 203.00 | 20.00 | 19.6 | NR | NR | NR | 0.5 |
| including | 189.00 | 202.00 | 13.00 | 29.0 | NR | NR | NR | 10.0 |
| CHDD0070 | No significant intercept | |||||||
Table 2: Charger Drill Collar Details - (all collars from this release)
| Hole ID | Easting | Northing | RL (m) | Azimuth_True | Dip | EOH (m) |
| CHDD0032 | 647832 | 1032249 | 468.2 | 311.7 | -61.6 | 281.3 |
| CHDD0036 | 647750 | 1032145 | 470.5 | 309.8 | -62.3 | 359.6 |
| CHDD0038 | 647848 | 1032196 | 467.5 | 309.5 | -62.7 | 347.7 |
| CHDD0039 | 647861 | 1032209 | 466.5 | 309.5 | -62.7 | 344.2 |
| CHDD0068 | 647659 | 1032083 | 471.1 | 310.5 | -61.8 | 278.2 |
| CHDD0070 | 647630 | 1032057 | 470.6 | 310.8 | -61.6 | 281.2 |
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/10016/323487_e37f2d8a14b899fb_002full.jpg
Figure 2: Charger Plan Map - Showing the interpreted mineralized breccia and vein system connecting Charger 1 and Charger 2. The locations of cross section A-A′ and long section B-B′ are also shown.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/323487_e37f2d8a14b899fb_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, over contoured gold grade distribution. Mineralization extends over 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/10016/323487_e37f2d8a14b899fb_004full.jpg
Figure 4: Charger Cross Section (line A-A′ in plan map, Figure 2) - Through hole CHDD-68 (this release), showing high-grade mineralization of 10.6 g/t Au over 57m, including 19.6 g/t Au over 20m, within the interpreted Charger breccia and vein system.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10016/323487_e37f2d8a14b899fb_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 0.2 g/t and 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/323487
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Awalé Resources find in Charger hole CHDD-68?
CHDD-68 intersected 10.6 g/t gold over 57 metres from 148 metres downhole. Within that interval, it returned 7.7 g/t gold over 27 metres from 150 metres and 19.6 g/t gold over 20 metres from 183 metres.
How do Awalé Resources’ latest results connect Charger 1 and Charger 2?
Awalé interprets Charger 1 and Charger 2 as one continuous system over approximately 300 metres along strike and approximately 400 metres vertically. CHDD-68 lies 210 metres southwest of discovery holes OEDD-83 and OEDD-100, and the new mineralization is outside the May 2026 Charger resource boundary.
Are Awalé Resources’ Charger drill intercepts true widths?
The reported intervals are downhole lengths, not true widths. True widths are estimated at 70% of downhole widths at Charger 1, while Charger 2 true widths are unknown.
What does no significant intercept mean for Awalé Resources’ Charger drilling?
Holes reported as having no significant intercept do not meet the 0.5 g/t gold grade trigger. CHDD-38, CHDD-39 and CHDD-70 received that designation in the latest results.