Oriole Resources PLC - Significant Gold Anomalism Defined
Significant Gold Anomalism Defined by Phase 2
Soils Programme at Wapouzé Project,
Phase 2 infill soil sampling at the Bataol zone has returned up to 210 parts per billion ("ppb") gold ("Au"), providing support for the multiple >10 ppb gold-in-soil anomalies identified during the Phase 1 programme (announcement dated
· Results for Phase 2 infill soil sampling over
o 3 samples > 100 ppb Au - peak assay of 210 ppb Au;
o 45 samples >20 ppb Au; and
o 123 samples >10 ppb Au.
· Definition of a >60 ppb Au anomaly over a 1km by 300 metre ("m") area within the previously identified 2.8 km anomaly (>10 ppb Au) at
· Higher grade anomalism appears to be associated with a northeast-trending silicified metasedimentary unit, possibly exploiting a shear zone;
· Petrography and x-ray difraction ("XRD") analysis of key lithologies is currently underway;
· Next phase of work is currently being designed ahead of the next dry season.
"We are particularly pleased to see confirmation and improved definition of the anomalism at the south western end of the previously identified anomalous trends. This area of multiple parallel soil anomalies creates a significant footprint for potential mineralisation, which we will be following up on as a priority during the next field season.
"These results continue to support our position that the Wapouzé and Bibemi licences are highly prospective targets in a new frontier for modern gold exploration. During the last year, since signing the option agreement with BEIG3, we have worked hard with our partner to deliver strong progress on both projects through systematic, extensive and low-cost exploration programmes. Our ongoing studies will further develop the targets at Bibemi through the summer ahead of rig mobilisation for a drilling campaign in the next dry season later in 2019, and we intend to follow up on these anomalous areas at Wapouzé soon after."
In the first quarter of 2019, Phase 1 systematic soil sampling was completed on a 400m by 100m grid to test the eastern portion of the Wapouzé licence. Results (up to 531 ppb Au) identified two main zones of northeast-trending mineralisation, associated with shear-parallel quartz veins - the
Last month the Company reported that Phase 2 infill soil sampling (200m by 100m grid) had been completed over the main anomalies at Bataol in order to identify more discrete zones of higher-grade anomalism (announcement dated
Results announced today include a best grade of 210 ppb Au, with 3 samples reporting greater than 100 ppb Au, 45 samples >20 ppb Au and 123 samples >10 ppb Au. The soil results further confirm continuity of the >10 ppb gold-in-soil anomalies reported for Phase 1 soil sampling and have also defined more robust zones of higher-grade mineralisation within and independent of these zones. Of particular note is a >60 ppb Au anomaly that extends over an area of 1km by 300m within the previously-identified 2.8km anomaly in the centre of the
Thin section petrography and XRD analysis is currently underway to help confirm the main lithologies and identify the key mineralisation and alteration assemblages. In the meantime, the team is designing the next programme of work at Wapouzé, ahead of the next dry season which will commence in
Wapouzé is located approximately 20 km to the north-east of the Bibemi project, where the Company is also earning up to 90% and has recently reported results for a Phase 1 trenching programme, including 9m at 3.14 g/t Au (announcements dated
For further information, including maps and a JORC Table 1 please see the Bibemi and Wapouzé page of our website https://orioleresources.com/projects/bibemi-and-wapouze/.
Competent Persons Statement
The information in this release that relates to Exploration Results has been compiled, and is based on information reviewed on behalf of the Company, by
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
** ENDS **
For further information please visit www.orioleresources.com, @OrioleResources on Twitter, or contact:
Tel: +44 (0)20 7830 9650
Blytheweigh (IR/PR contact)
Tel: +44 (0)20 7138 3204
Tel: +44 (0)20 7383 5100
Tel: +44 (0)20 7220 1666
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Notes to Editors:
This information is provided by RNS, the news service of the
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