Awale Hits 36.2 g/t Gold over 6 Metres at Charger, Confirming High-Grade Gold Continuity to 400 Metres Below Surface

The most recent news (March 31, 2026) reports high-grade gold intercepts at the Charger 1 target, specifically 36.2 g/t Au over 6m. This drilling confirms that high-grade mineralization continues to at least 400m below the surface. These results are the final pieces for the company’s initial Mineral Resource Estimate (MRE), which is scheduled for release in Q2 2026. The company is also expanding its footprint with the "Charger 2" discovery and ongoing work at the BBM gold-copper discovery, where they recently hit 2.4 g/t AuEq over 42m.

The news is Routine - Positive. While the grades are exceptional (36.2 g/t Au), they are incremental to a series of high-grade hits reported throughout early 2026 (e.g., 52.8 g/t Au over 9m in January). - Resource De-risking: The primary impact is the confirmation of "down-plunge continuity." This reduces the risk that the high-grade zones are isolated pods, supporting a more robust MRE. - Scale: The transition from shallow exploration to testing depths of 600m+ indicates the company is hunting for a significant underground mineable deposit rather than just a small open pit. - JV Validation: The massive 88,000m portion of the program is funded by Newmont, which validates the geological potential but also means Awalé is not the sole owner of the primary discovery (Odienné Project).

Awalé Resources is focused on the Odienné Gold-Copper Project in Northwest Côte d'Ivoire. The project is characterized by Iron Oxide Copper Gold (IOCG) style mineralization, which is rare in West Africa and typically offers large-scale potential. - Flagship Project: Odienné Project. - Key Targets: BBM (Gold-Copper), Charger (High-grade Gold), and Empire (Gold). - Structure: The project is split between a Newmont Joint Venture and 100%-owned permits (Sienso, Sama, Seydou).