Awalé Resources Drilling Update from Odienné as the Company Awaits Results from the Lando Target
Mar 26, 2025
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Andrew Chubb, CEO of Awale Resources, provides exciting updates on gold exploration in Côte d'Ivoire. He highlights the significant gold intersections achieved at the BBM site and the potential for new discoveries at the Lando target. The discussion explores a strategic drilling program focusing on extensive mineralization with a combined strike length over 15 kilometers. Chubb also delves into the collaborative efforts with experienced geologists to guide exploration and the optimistic outlook for results from ongoing drilling at Fremen.
Recent drilling at the BBM zone has confirmed a robust gold mineralized system, enhancing the project's potential for resource development.
Awale Resources is implementing a hub-and-spoke operational model to optimize several nearby discoveries, attracting renewed investor interest in Côte d'Ivoire.
Deep dives
Drilling Progress at BBM Zone
Recent drilling at the BBM zone of the ODNA project in Côte d'Ivoire has yielded significant results, including 52 meters of gold equivalent mineralization at 2 grams per ton, beginning approximately 200 meters below the surface. The drill program aimed to infill the previously spaced drilling to 100 meters apart, confirming a robust and continuous mineralized system over a strike length of 1.2 kilometers. The core of this mineralization has a higher grade of 300 meters steeply plunging northwest, which adds to the positive potential of the project, and broader, lower-grade mineralization is expected to be suitable for open-pit mining. The results align with the company's expectations and suggest a significant opportunity for resource definition and development at the site.
Exploration of the Lando Target
A new drilling program has commenced at the Lando target, which is approximately 10 kilometers northwest of the BBM zone, consisting of 2,600 meters across 25 holes. This exploration has revealed similar geological characteristics to BBM, with the notable addition of a copper geochemical footprint at Lando, indicating potential differences in mineralization. The strategy involves systematic drilling to thoroughly assess the anomaly and deepen the understanding of Lando's geology, which includes diverse types of volcanics and sediments. The results from Lando are anticipated soon and could signal a new discovery that complements the ongoing developments at BBM.
Market Interest and Future Potential
Awale Resources is witnessing renewed interest in mineral exploration, particularly in Côte d'Ivoire, as increased activity and higher gold prices attract investors to the sector. The company is advancing towards a hub-and-spoke mining model, where multiple pits may feed into a central processing location, which aligns with successful global operations. This strategy aims to leverage the proximity of several discoveries within a 15-kilometer radius, enhancing the project's overall viability and potential profitability. Additionally, Awale is planning further drilling on other targets and has strategic meetings with joint venture partner Newmont to refine and progress their exploration initiatives.
Mining Stock Daily hosts Andrew Chubb, CEO of Awale Resources, discussing the latest developments in their gold exploration projects in Cote d'Ivoire, particularly focusing on the BBM and Lando targets. Chubb shares insights on drilling results from BBM, market dynamics, and future exploration strategies, emphasizing the potential for new discoveries at Lando and the company's potential hub-and-spoke operational model.
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