Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

Awale Launches 15,000-Metre Drill Program Targeting New Discoveries on 100%-Owned Permits

By The Northwire Desk — AI Analysis Dec 16, 2025 · 07:02 ARIC · 0.65 Awale Resources Limited
ARIC · Price

Executive Summary

  • Awalé Resources confirms a fully funded C$8 million exploration budget for 2026 on its 100%-owned permits at the Odienné Project in Côte d’Ivoire.
  • The company plans to drill 15,000 metres this year, including a 4,000‑metre program on the Fremen target and additional scout drilling on Sama and Seydou permits in early 2026.
  • Completed aerial magnetic/radiometric surveys (100 m line spacing) and ongoing termite, soil, and stream sediment sampling have generated new targets for the upcoming drill campaigns.

Key Details

  • Budget Allocation: C$8 million allocated for exploration activities through December 2026; funded by approximately C$15 million in treasury.
  • Drilling Program: 15,000 metres of discovery drilling planned on 100%-owned permits; eight drill rigs currently at Odienné (one dedicated to owned permits).
  • Fremen Target: 4,000‑metre drill program underway within the Sienso permit; continuation expected.
  • Scout Drilling: Scheduled for early 2026 on Sama and Seydou permits.
  • Geophysical Surveys: Detailed aerial magnetic and radiometric surveys completed at 100‑m line spacing to support litho‑structural interpretation and target generation.
  • Geochemical Sampling: Over 1,500 termite mound, soil, and stream sediment samples collected; four sampling teams active across Sama and Seydou permits.
  • Permit Coverage: Three granted permits (Sienso, Sama, Seydou) plus two applications, covering ~1,550 km² of greenfield ground. Overall Odienné Project spans 2,346 km² across seven permits.
  • Strategic Goal: Advance toward the first Mineral Resource Estimate for the joint‑venture portion while building a robust discovery pipeline on owned assets that could contribute to a district‑scale mineralized system.

Notable Quotes

“Odienné is rapidly advancing toward our first Mineral Resource Estimate… we are now applying and expanding that same approach across our 100%-owned properties,” – Andrew Chubb, CEO, Awalé Resources

Read the original news release →

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