Awale Resources Ltd. News Releases

Awalé Extends BBM Along Strike and at Depth with 47 Metres of 2.2 g/t AuEq. Outside the Resource and Intersects 44 Metres of 3.1 g/t AuEq. near Surface

Wed, 07 Oct 2026 07:00:00 -0400

HighlightsBBM extended at depth, outside the current Mineral Resource in hole BBDD-33, approximately 400m below surface and 200m along strike from the main high-grade shoot, opening mineralization toward the northwest.BBDD-33 intersected 2.2 g/t AuEq. over 47m from 589m downhole, including 3.3 g/t AuEq. over 15m and 10.3 g/t AuEq. over 3m.Higher-grade gold-copper near surface.BBDD-47 returned 3.1 g/t AuEq. over 44m from 154m downhole, including 4.0 g/t AuEq. (3.2 g/t Au, 0.83% Cu) over 22m,...

Awalé Outlines Fully Funded 71,500 Metre Exploration Program Targeting New Discoveries Across Its 100%-Owned Odienné Ground

Tue, 22 Sep 2026 07:00:00 -0400

Highlights71,500 metres of planned drilling – 23,940m of auger, 15,000m of reverse circulation, 22,560m of diamond drilling, and 10,000m of aircore drilling.Fully funded 15-month exploration program – The recent PDI Gold financing, supported by Fortuna Mining and Newmont, provides Awalé with the funding to commence a systematic, large-scale exploration campaign across its 100%-owned Odienné ground.Fremen drilling to recommence following the wet season – Approximately 5,960m of diamond drilling...

Awalé Announces Results of Annual General and Special Meeting of Shareholders

Fri, 18 Sep 2026 17:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - September 18, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is pleased to announce the approval of each of the matters set out in the Company's Management Information Circular (the "Circular") dated August 7, 2026, at the 2026 Annual General and Special Meeting of Shareholders held on September 18, 2026.Number of DirectorsSetting the number of directors at five (5) was approved. The votes were cast as...

Awalé Reports Gold Recoveries of up to 98% at Odienné on Simple, Conventional Metallurgy

Tue, 15 Sep 2026 07:00:00 -0400

Highlights:Higher demonstrated recoveries and simple metallurgy flow directly into future economic studies, including the Preliminary Economic Assessment, and into the gold-equivalent reporting grades used in future drill hole reporting.Gold recoveries of 91% to 98%, with every deposit exceeding the recovery assumed in the May 2026 Mineral Resource Estimate. Gold recovery was 91.0% at BBM (versus 86.0% assumed in the MRE), 97.0% at Charger (versus 91.4%), and 97.8% at Empire (versus...

Awalé Defines New 4-Kilometre Gold Target at 100%-Owned Seydou Permit; Drilling Underway at the Fremen Discovery

Thu, 20 Aug 2026 07:00:00 -0400

Highlights:Seydou - A new 100%-owned gold target: Termitaria and soil geochemistry have defined a new coherent gold anomaly ("Anomaly 1") over approximately 4 kilometres on Awalé's wholly owned Seydou permit, with peak values of 514 ppb Au in termitaria and 214 ppb Au in soil.Right geological setting: Anomaly 1 lies along a regional-scale structure at the margin of a granitoid intrusive body, within a geological setting comparable to the BBM, Charger, and Fremen discoveries.Drilling underway:...

Awalé Appoints Michael Dorfman to Its Board of Directors

Mon, 10 Aug 2026 07:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - August 10, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is pleased to announce the appointment of Michael Dorfman to its Board of Directors (the "Board"). Mr. Dorfman replaces Karl Akueson, who has stepped down from the Board effective immediately."We are delighted to welcome Michael to the Board. His extensive experience in corporate development, strategic transactions, M&A, and capital markets, together...

Awalé Completes $20.7 Million Strategic Financing with Closing of Final Tranche

Thu, 06 Aug 2026 15:45:00 -0400

HighlightsAwalé completes its previously announced strategic financing with the closing of Newmont's equity investment.Newmont maintains its approximately 8.2% ownership in Awalé.Awalé now has over $36.5 million in cash, while Newmont continues funding the Odienné Joint Venture.Toronto, Ontario--(Newsfile Corp. - August 6, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is pleased to announce that it has closed the second and final tranche (the...

Awalé Closes $19 Million Strategic Investment by Predictive Discovery and Fortuna Mining

Tue, 28 Jul 2026 12:30:00 -0400

HighlightsAwalé closes approximately $19 million strategic financing with Predictive Discovery and Fortuna Mining.Predictive Discovery becomes third strategic shareholder, joining Fortuna Mining and Newmont.Over $35 million in cash, together with Newmont continuing to fund the Odienné Joint Venture.Toronto, Ontario--(Newsfile Corp. - July 28, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is pleased to announce that it has closed its previously...

Awalé Announces Exercise of Participation Rights by Fortuna Mining

Mon, 27 Jul 2026 17:00:00 -0400

HighlightsFortuna Mining will maintain its equity ownership in Awalé through the subscription of 5,695,312 common shares.Gross proceeds from the financing increase by approximately $4.84 million to approximately $19 million.Awalé is expected to have over $35 million in cash following closing, together with Newmont funding the Odienné Joint Venture.Toronto, Ontario--(Newsfile Corp. - July 27, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) ("Awalé" or the "Company") is...

Awalé Hits 43.7 g/t Gold Equivalent Below the BBM Open Pit with Initial Deeper Holes Pointing to Underground Growth

Mon, 20 Jul 2026 07:00:00 -0400

HighlightsThe first two holes drilled below the BBM open pit intersected strong gold mineralization, confirming the deposit continues at depth.These are the first two of twelve holes following BBM's high-grade core, which steepens at depth, down to 600 metres below surface. Results from the remaining ten holes are expected over the coming weeks.Results include:7m @ 7.21 g/t gold equivalent from 385m downhole, including 1m @ 43.68 g/t gold equivalent, the highest grade drilled to date at BBM...