Awalé Resources Ltd (TSX-V:ARIC) announced that it has commenced a new 4,000-metre diamond drill program at its Odienné copper-gold joint venture project with Newmont Ventures Limited, a wholly owned subsidiary of Newmont Mining Corporation of Canada Ltd (TSX:NGT), located in West Africa.
Awalé also said it has secured another US$750,000 in joint venture funding from Newmont bringing its 2023 exploration budget to US$3.75 million.
“This marks a pivotal moment in our exploration efforts,” Awalé CEO Andrew Chubb said in a statement.
“The increased investment and ongoing support from Newmont underscore our project's potential and our team's capability to deliver significant results."
Further, final results from the summer drill at the project are expected in early January, including results from initial scout holes at the BBM and Lando prospects and additional holes at the Charger target.
Awalé is a diligent and systematic mineral exploration company focused on the discovery of large high-grade gold and copper-gold deposits.