Chief Executiv Chief Executive Officer - Glen e Officer - Glen - - PowerPoint PPT Presentation
C CTE DIV TE DIVOIRE - BREAKING GOLDEN GROUND OIRE - BREAKING GOLDEN GROUND Chief Executiv Chief Executive Officer - Glen e Officer - Glen Par Parsons sons Chief Oper Chief Operating Officer - Andr ating Officer - Andrew w
Chief Executiv Chief Executive Officer - Glen e Officer - Glen Par Parsons sons Chief Oper Chief Operating Officer - Andr ating Officer - Andrew w Chubb Chubb Inv Investor Relations - K estor Relations - Kar aren Davies en Davies
June 2018
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Awalé Resour alé Resources Limited (“ ces Limited (“Awalé alé”) is a junior gold explor ”) is a junior gold exploration company ation company
ating in west African Birimian Gr est African Birimian Greenstone belts. F eenstone belts. Focused on ne
w gold disco gold discoveries in the r eries in the relativ elatively under ely underexplor explored country of Côte d’Iv ed country of Côte d’Ivoir
e. The company’s adv The company’s advancing gr ancing greenfield explor eenfield exploration portf ation portfolio consists of 6
gr granted permits co anted permits covering c. 2,307km ering c. 2,307km2 and 6 str and 6 strategic pipeline ategic pipeline applications . applications . The The Birimian Birimian of w
est Africa is now r w recognised as one the w ecognised as one the world’s
pr premier gold pr emier gold provinces, and Côte d’Iv vinces, and Côte d’Ivoir
e cover ers 33% of this s 33% of this Birimian Birimian geology geology, but curr , but currently comprises less than 10% of these r ently comprises less than 10% of these resour esources. ces.
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momentum
crystallised value delivery for shareholders
scale over 3 projects areas:
Completed: 4743m of RC drilling at Bondoukou end of 2017 with encouraging results over multiple targets and prospects
Recently Commenced: 2000m diamond drill program over the Fako and Casino prospects along with a 16,000m Auger drill program covering the entire 40km Awari Shear which hosts Mineralisation at the Fako, Elisabeth and Bahilé prospects.
Ongoing: drill target development over large areas with systematic geochemical sampling and geophysics
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Pr Proven Boar en Board with a r d with a recent ecent successful tr successful track r ack recor ecord
Boar Board d CEO - Glen Parsons ( Previous CEO Mariana Resources Limited) Director - Eric Roth ( Previous COO Mariana Resources Limited) Director - Ron Ho, Sandstorm Gold Limited Director - Derk Hartman Management T Management Team eam CEO - Glen Parsons COO - Andrew Chubb CFO - Sharon Cooper IR- Karen Davies Country Manager Cote d’Ivoire - Karl Akueson Exploration Manager Cote d’Ivoire - Koffi Gbamele Technical Advisory echnical Advisory Eric Roth Neil Adshead
Shar Shares in Issue es in Issue 28,923,483 Warrants in Issue (Strike C$0.40, C$0.10, C$0.25) 7,366,571 Options- under employee plan (3 years at C$0.40, C$0.10) 2,330,000 Fully Diluted Shares in Issue 38,620,054 38,620,054 Cash on Hand (End April 2018) Cash on Hand (End April 2018) C$1.85 million C$1.85 million Management and Dir Management and Director ectors s 24% 24% Sandstorm Gold Limited Sandstorm Gold Limited 10.8% 10.8%
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ako, Elisabeth – lar
ge alteration system ation system along the identified 38 km A along the identified 38 km Awari Shear zone ari Shear zone
Casino, Ngouan Ngouan- High gr
ade structurally ally contr controlled quartz v
ein systems Initial Works
for large and gold systems
potential, numer numerous
samples > 10 g/t and up to 589 g/t 589 g/t
program reveal structural framework with coincident gold anomalism
large gold bearing system
15km of the Awari Shear, maximum v , maximum values of 32.7 alues of 32.7 and 51.5 g/t at the and 51.5 g/t at the Fak ako Pr Prospect
encouraging results over multiple targets
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esults up to 51.5g/t
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zone up to 32.7 g/ 32.7 g/t, within consistent +50ppb anomalies
structures coincident with Auger anomalies
sampling from Orpaillage pits – 30g/t, 29g/t, 23.4g/t, 30g/t, 29g/t, 23.4g/t, 10.7 g/ 10.7 g/t
drilling completed over 6km strike – Results Pending
Pyrite alteration observed in drilling with associated quartz veining
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BERC0001 – 3 metres at 5.02 g/t Au fr es at 5.02 g/t Au from
31m do 31m downhole wnhole
BERC0005 - 5 metres at 1.46 g/t Au es at 1.46 g/t Au (including 1m at 3.24 g/t Au) fr (including 1m at 3.24 g/t Au) from 78m
do downhole wnhole
BERC0008 - 20 metres at 0.96 g/t Au es at 0.96 g/t Au (including 3m at 1.98 g/t, 4m at 1.62 g/t (including 3m at 1.98 g/t, 4m at 1.62 g/t and 2m at 1.6 g/t Au) fr and 2m at 1.6 g/t Au) from 60m do
wnhole (hole ends in miner (hole ends in mineralisation) alisation)
BERC0009 – 7 metres at 1.2 g/t tonne Au es at 1.2 g/t tonne Au (including 1 metr (including 1 metre at 5.6 g/t Au) fr e at 5.6 g/t Au) from 16m
do downhole wnhole
BERC0019 (Fak ako) – 18 metr ) – 18 metres at 1.0 gr es at 1.0 grams/ ams/ tonne (‘ tonne (‘g/t g/t’) gold (‘ ’) gold (‘Au’) fr Au’) from 1m do
wnhole.
BERC0050 (Casino) - 6 metres at 5.19 g/t es at 5.19 g/t Au (including 1m at 25.4 g/t Au) fr Au (including 1m at 25.4 g/t Au) from 7m
do downhole. wnhole.
BERC0033 (Casino) – 2 metres at 6.07 g/t es at 6.07 g/t tonne Au (including 1 metr tonne Au (including 1 metre at 11.0 g/t Au) e at 11.0 g/t Au) fr from 90m do
wnhole
BERC0049 (Casino) - 2 metres at 2.39 g/t es at 2.39 g/t Au fr Au from 26m do
wnhole
BERC0022 – 2 metres at 4.69 g/t Au fr es at 4.69 g/t Au from
42m do 42m downhole wnhole
BERC0023 – 1 metres at 2.25 g/t Au fr es at 2.25 g/t Au from
56m do 56m downhole wnhole
strike kilometres. Alteration is Fuchsite dominant with silica/sericite/chlorite overprinting.
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workings aligned with IP anomaly + parallel workings
up to 610ppb) soils coincident with IP structural interpretation
from Orpaillage pits – 589g/t, 589g/t, 259g/t, 47 259g/t, 47.7g/t .7g/t
artisanal working and selected soil/IP targets Recent drill Results Recent drill Results
BERC0050 (Casino) - 6 metres es at 5.19 g/t Au (including 1m at at 5.19 g/t Au (including 1m at 25.4 g/t Au) fr 25.4 g/t Au) from 7m
do downhole. wnhole.
BERC0033 (Casino) – 2 metres es at 6.07 g/t tonne Au (including at 6.07 g/t tonne Au (including 1 metr 1 metre at 11.0 g/t Au) fr e at 11.0 g/t Au) from
90m do 90m downhole wnhole
BERC0049 (Casino) - 2 metres es at 2.39 g/t Au fr at 2.39 g/t Au from 26m
do downhole wnhole
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2,000m Diamond Drill and 16,000m extension Auger 16,000m extension Auger Pr Progr
ams over the entir er the entire e Awari ari Shear Shear
Results expected from middle
June June
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at Amélékia Permit with the New Nianda Granted Permit
Resources with large soil anomalies being verified by Awale
§ Nianda Permit untested along trending structures
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Project Generation - West Africa - Core d'Ivoire Target Generation (Regional Surveys - Aerial Surveys, Regional Geochemistry)
Bondoukou Odienné Abengourou
Target Testing (Ground Geophysics Drill Target Testing etc.) Bondoukou Target Definition Feasability Studies
Inv Investment Summary estment Summary
targets
Ø Ongoing Geochemistry & Geophysics Ø Follow up planned at Odienne and confirmatory sampling and geochem analysis at Amélékia Ø Community Sensitisation and Reconnaissance Mapping and Sampling at Abengourou an Odienne
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High Grade rock chip sampling from Orpaillage pits – 589g/t, 259g/t, 47 589g/t, 259g/t, 47.7g/t .7g/t Fuchsite, Sericite, Chorite , Pyrite alteration observed in drilling with associated quartz veining