Orecap Portfolio Company Awalé Resources Hits 14.7 g/t Gold Over 59 Metres
Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) announces significant gold discoveries by its portfolio company Awalé Resources at the Odienné Project. The highlight includes an exceptional intercept of 14.7 g/t gold over 59 metres from drill hole OEDD-100. The results confirm a high-grade gold zone with strong continuity, identifying a 200-metre long corridor. The company has established the breccia's true width at over 30 metres, with high-grade gold concentrated in fold hinges. Orecap owns 7.38M shares (8.5%) of Awalé and 4.16M share purchase warrants.
Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) annuncia significative scoperte d'oro dalla sua azienda in portafoglio Awalé Resources presso il Progetto Odienné. Il punto culminante include un eccezionale intercettamento di 14,7 g/t d'oro su 59 metri dal sondaggio OEDD-100. I risultati confermano una zona di oro ad alta legge con forte continuità, identificando un corridoio lungo 200 metri. L'azienda ha stabilito la reale larghezza della breccia a oltre 30 metri, con oro ad alta legge concentrato nelle cerniere delle pieghe. Orecap possiede 7,38M di azioni (8,5%) di Awalé e 4,16M di warrants per l'acquisto di azioni.
Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) anuncia importantes descubrimientos de oro por parte de su empresa en cartera Awalé Resources en el Proyecto Odienné. El hallazgo incluye una interceptación excepcional de 14,7 g/t de oro a lo largo de 59 metros de la perforación OEDD-100. Los resultados confirman una zona de oro de alta ley con fuerte continuidad, identificando un corredor de 200 metros de longitud. La empresa ha establecido el verdadero ancho de la brecha en más de 30 metros, con oro de alta ley concentrado en las bisagras de pliegue. Orecap posee 7,38 millones de acciones (8,5%) de Awalé y 4,16 millones de garantías de compra de acciones.
Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF)는 포트폴리오 회사 Awalé Resources가 Odienné 프로젝트에서 중요한 금 발견을 했다고 발표했습니다. 주요 내용은 14.7 g/t의 금을 59미터 동안 포함한 OEDD-100 시추공의 예외적인 교차입니다. 이 결과는 강한 연속성을 가진 고등급 금 구역을 확인하며, 200미터 길이의 통로를 식별합니다. 회사는 브레치아의 실제 너비가 30미터가 넘는다고 발표하며, 고등급 금이 접힌 경첩에 집중되어 있습니다. Orecap은 Awalé의 7.38M 주식(8.5%)과 4.16M 주식 매입권을 보유하고 있습니다.
Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) annonce des découvertes d'or significatives par l'intermédiaire de sa société de portefeuille Awalé Resources dans le projet Odienné. Le point fort comprend une interception exceptionnelle de 14,7 g/t d'or sur 59 mètres provenant du trou de forage OEDD-100. Les résultats confirment une zone d'or de haute teneur avec une forte continuité, identifiant un corridor de 200 mètres de long. La société a établi la largeur réelle de la brèche à plus de 30 mètres, avec de l'or de haute teneur concentré dans les charnières de plis. Orecap détient 7,38 millions d'actions (8,5 %) d'Awalé et 4,16 millions de bons de souscription d'actions.
Orecap Invest Corp (TSXV: OCI) (OTCQB: ORFDF) gibt bedeutende Goldfunde durch ihr Portfolio-Unternehmen Awalé Resources im Odienné-Projekt bekannt. Das Highlight umfasst einen außergewöhnlichen Befund von 14,7 g/t Gold über 59 Meter aus dem Bohrloch OEDD-100. Die Ergebnisse bestätigen eine hochgradige Goldzone mit starker Kontinuität, die einen 200 Meter langen Korridor identifiziert. Das Unternehmen hat die tatsächliche Breite der Brekzie auf über 30 Meter festgelegt, mit hochgradigem Gold, das in den Faltenscharnieren konzentriert ist. Orecap besitzt 7,38 Millionen Aktien (8,5%) von Awalé und 4,16 Millionen Aktienoptionsscheine.
- Exceptional drill results showing 14.7 g/t gold over 59 metres (868-gram-metres gold)
- Confirmation of a 200-metre long high-grade gold corridor
- Established breccia width of over 30 metres
- Three of the highest-grade intercepts in West Africa over last 12 months
- Significant ownership position with 8.5% stake in Awalé
- None.
Highlights:
- 14.7 g/t gold over 59 metres, or 868-gram-metres gold, from 96m downhole, including 22.4 g/t Au over 21m
- Results confirm a very high-grade gold zone with strong continuity, identifying a 200-metre long corridor.
- Awale now has three of the highest-grade intercepts in West Africa over the last 12 months.
- Orecap owns 7.38M shares of Awale, representing
8.5% of the shares issued and outstanding, and an additional 4.16M share purchase warrants.
Toronto, Ontario--(Newsfile Corp. - November 13, 2024) - Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) (the "Company" or "Orecap") is pleased to announce that its portfolio company, Awalé Resources Limited (ARIC:TSXV) ("Awale") reported results of the final four holes from the Charger target at the Odienné Project ("Odienné"), including 14.7 g/t Au over 59m in drill hole OEDD-100.
"We have now established the breccia's true width at over 30 metres, within a 200-metre strike length of breccia mineralization, and the very high-grade gold is concentrated in fold hinges within this corridor. Importantly, our understanding of Charger's structure has evolved, allowing us to test our new fold model within the current corridor and step out to explore potential parallel zones. With this refined structural model, we're confident in continuing our success at Charger.
We are very pleased with the latest results and the successful outcome of this drill campaign, which delivered multiple high-grade hits at Charger and drilling through 100m of the target breccia body at depth. These holes established both grade and geological continuity of the breccia mineralization. The 14 g/t Au over 59m in hole OEDD-100 has exhibited the same grade consistency across the reported interval as the previous high-grade hits. We have also ramped up our new field season last week, commencing a 4000m diamond drill program at BBM and Charger," commented Andrew Chubb, CEO of Awalé Resources.
LINK to Charger's Drill Core Photos with Gold Grade on OEDD-100
LINK to Charger Hi-res Figures
LINK to Webinar on Charger
Drill hole OEDD-100 delivered consistently high-grade gold mineralization throughout the reported interval, similar to previously reported holes OEDD-83 and OEDD-88 that show high-grade intervals.
The high-grade breccias are now understood to be controlled by folding within the Charger intrusive, with very high gold grades developing along the fold hinges. Awalé has now separated gold results pertaining to interpreted hinge and limb zones, with interpreted fold hinges displaying significantly higher gold results than the limb zones (Table 1), with average gold grade in the hinge zone at 735-gram x metres vs 38-gram x metres in the limbs. Awalé will be drill testing the fold model within the current corridor as well as step-out and test for other parallel zones starting in late Q4 2024 into Q1 2025.
Table 1: Weighted-Average Gold Grades in Interpreted Hinges and Limbs*.
| Hole ID | From (m) | To (m) | Interval (m) | Gold g/t | GxM | Fold Geometry |
| OEDD0083 | 165 | 205 | 56 | 26.00 | 1456 | Hinge |
| OEDD0085 | 177 | 196 | 21 | 1.70 | 36 | Hinge |
| OEDD0088 | 149 | 178 | 29 | 20.00 | 580 | Hinge |
| OEDD0100 | 143 | 199 | 59 | 14.70 | 867 | Hinge |
| Average | 735 | |||||
| OEDD0045 | 89 | 100 | 11 | 5.41 | 59.51 | Limb |
| OEDD0045 | 117 | 127 | 10 | 1.86 | 18.60 | Limb |
| OEDD0083 | 210 | 219 | 9 | 1.56 | 14.04 | Limb |
| OEDD0083 | 232 | 236 | 4 | 1.77 | 7.08 | Limb |
| OEDD0085 | 203 | 212 | 9 | 8.68 | 78.12 | Limb |
| OERC0132 | 74 | 82 | 8 | 7.29 | 58.32 | Limb |
| OERC0132 | 96 | 107 | 11 | 2.63 | 28.93 | Limb |
| Average | 38 |
*The intercepts reported in the Table 1 may not be the same as previously reported, as they have been selected based on geology and broken down to 'Hinge' or 'Limb' zones.
Full details on Awalé's latest assay results can be found in Awalé's November 11, 2024 News Release.
About Orecap Invest Corp.
Orecap seeks special situation investments in the natural resource sector that offer shareholders diverse exposure to high returns on precious and critical metal assets and businesses. Orecap has significant equity positions in portfolio companies, such as American Eagle Gold (AE:TSXV | AMEGF:OTCQB), QC Copper and Gold (QCCU:TSXV | QCCUF:OTCQB), Mistango (MIS:CSE), Awale Resources (ARIC:TSXV), and Cuprum Corp. in addition to owning a broad portfolio of land packages focused on gold, copper and zinc. Agnico Eagle Mines Limited is a
About Awalé Resources
Awalé is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of Côte d'Ivoire, where the Company is focused on the Odienné Copper-Gold Project ("Odienné" or the "Project"), covering 2,489 km2 across seven permits. This includes 796 km2 in two permits held under the Awalé-Newmont Joint Venture ("OJV"). Awalé manages all exploration activities over the OJV, with funding provided by Newmont Joint Ventures Limited ("Newmont") (see May 31, 2022 news release).
Awalé has discovered four gold, gold-copper, and gold-copper-silver-molybdenum discoveries within the OJV and has recently commenced exploration on its
The Odienné Project is underexplored and has multiple pipeline prospects with similar geochemical signatures to Iron Oxide Copper Gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The Company benefits from a skilled and well seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.
Orecap's Current Equity Holdings include:
| Company (Ticker) | Shares Owned / (% of Outstanding Shares) |
| Cuprum Corp. (PrivateCo) | 29,500,000 / ( |
| Mistango River Resources (MIS:CSE) | 24,708,975 / ( |
| QC Copper and Gold (QCCU:TSXV | QCCUF:OTCQB) | 5,059,752 / ( |
| American Eagle Gold (AE:TSXV | AMEGF:OTCQB) | 11,783,748 / ( |
| Awale Resources (ARIC:TSXV) | 7,389,833 + 4,166,666 warrants / ( |
For the latest videos from Orecap, Ore Group, and all things Mining, subscribe to our YouTube Chanel: youtube.com/@theoregroup
For further information, please contact us:
Orecap Invest Corp.
Stephen Stewart, Chief Executive Officer
416.644.1567
sstewart@oregroup.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements)", including details about the business of the Company. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements, including, but not limited to, the receipt by the Company of the approval of the TSX Venture Exchange for the name change. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in the Company's public disclosure documents available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229727
FAQ
What are the latest gold drilling results for Orecap's (ORFDF) portfolio company Awalé Resources?
How much of Awalé Resources does Orecap (ORFDF) own?
What is the size of the gold corridor discovered by Orecap's (ORFDF) portfolio company?
