The two Sceptre Cu-Au targets are now ready for follow up geophysics and maiden drilling in the first half of 2022.
On the basis of the regional geological setting of Odienne, the soil/termitaria data from the
HIGHLIGHTS
Follow-up soil/termitaria sampling has allowed for the definition of two distinct Cu-Au targets at the recently defined
Sceptre East forms a coincident 1.5 km long, >368ppm (parts per million) Cu / >20ppb (parts per billion) Au footprint with a peak value of 1,776ppm Cu and 554ppb Au.
Comparatively, this anomaly covers an area 4 times the size of the recently drilled Charger target, which returned 3m at 9 grams per tonne (g/t) Au and 0.4% Cu within a sulfide bearing hematite breccia (drill hole OERC-89, release dated 22 nd
Sceptre Main forms a larger, NE trending 2.6 km long and 1.5km wide >110ppm Cu anomaly with coincident >14 ppb Au anomalism.
The Sceptre Main target is known to contain a series of polymetallic veins that have returned high grade results with up to 26.7 g/t Au and 1.5% Cu in selective sampling from artisanal workings.
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These targets place Awale in a unique position to be drill testing the
Next Steps
Planned exploration for the 1 st half of 2022 will include ground geophysics - both gravity and targeted IP surveys (gradient array and pole dipole sections) immediately followed by targeted trenching and drilling. Geophysics and trenching are anticipated to commence in Q1 2022 with scout drilling to follow over both the Sceptre East and
Background on IOCG deposits and similarities to the Odienne district.
Precambrian IOCG provinces globally (e.g.
These periods of extension and mineralization in the Gawler craton were characterized by bimodal volcanism and plutonism characterized by the Gawler range volcanics and the Hiltaba Suite plutons. The Olympic dam province hosts Carapateena (
The Carajas IOCG province is developed on the NE margins of Southern Amazonian Craton, although older than the Gawler has a similar setting is similar with accreted terranes, bimodal volcanism and plutonism and similar age to the Leo-Man Craton in west
Awale has now adopted an IOCG model as the setting of the Odienne Projects which consists of a suite of volcanic and volcaniclastic rocks of basaltic to felsic composition that are synchronous or intruded by a series of late plutons. The project area sits on the margins of an interpreted deep seated major crustal structure where Paleoproterozoic rocks have accreted on to an Archean nucleus that extends from
The similarities in Odienne crustal setting to the
References made to mines and analogous deposits provide context for the Odienne project but are not necessarily indicative that these projects host similar tonnages or grades of mineralization.
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Forward-Looking Information
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