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Orecap Updates on Portfolio Companies, including Awale Resources and American Eagle Gold Drill Results
Orecap Portfolio Companies Recent Highlights Awale Resources announced another high-grade dr...
About this update from Orecap Invest Corp
[{"type":"text","content":"Orecap Updates on Portfolio Companies, including Awale Resources and American Eagle Gold Drill ResultsOrecap Portfolio Companies Recent HighlightsAwale Resources announced another high-grade drill intercept showing 20 g/t gold over 29m from 149m, including 39.5 g/t gold over 8m at its Odienne project.American Eagle announced three long, high grade intercepts from surface at its NAK project.Mistango River Resources announced a 28-hole, 3-phase drill program on its Omega Project.QC Copper & Gold, in conjunction with the City of Chapais, has established a working group focused on establishing the highest standards for exploration and development of Opemiska.Curpum announced the assay results of its remaining five drill holes from its 2023 drill program, including 114m of 1.1% CuEq, within 171m of 0.98% CuEq and a step out hole showing 231m of 0.74% CuEq, including 126m of 0.83% CuEq. Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) (Orecap) is pleased to provide an update on its portfolio companies including Awale Resources and American Eagle Drill Results.Awale Resources Update:Orecap currently owns 8,333,333 shares and 4,166,666 warrants of Awale Resources, which reported another high-grade intercept at its Charger prospect: 20 g/t gold over 29m from 149m downhole in hole OEDD-88, including 39.5 g/t gold over 8m from 149m downhole. Hole OEDD-88 is collared 50m SSW of hole OEDD-83, which reported 45.7 g/t gold over 32m in hole. Drilling confirms that these breccia zones intercepted are linked to the mineralization at OEDD-83, indicating potential for increased high-grade gold volume with further drilling.Three of the first five holes reported from Charger have intercepted the target breccia zone, which also included:70m @ 1.2 g/t gold from 143m in OEDD-84.21m @ 1.7 g/t gold from 177m and 10m @ 7.8 g/t gold from 202m in OEDD085.Andrew Chubb, CEO of Awale Resources, commented:\"Follow up drilling at Charger has confirmed continuity of outstanding high grade breccia mineralization at Charger. Three of the five holes drilled testing the breccia's western extensions have successfully demonstrated a west by southwest extension and plunge to the mineralization. We look forward to continuing to drill test this high grade target. We also anticipate more exciting results from the succ...