Oriole Resources PLC - Expansion of Planned Drill Programme at Bibemi
('Oriole' or 'the Company')
Expansion of Planned 2020 Drill Programme at Bibemi
· Planned diamond drilling programme expanded to 1,940 metres (17 holes) at
· Three new holes designed to intersect, at depth, mineralised stacked veins were identified during Q4-2019 programme that returned up to 35.86 grammes per tonnes ('g/t') gold ('Au') at surface
· One hole planned to test historic RMC trench which reported a best intersection of 38.00 metres grading 2.21 g/t Au
· Further detailed mapping of the northern
· Maiden drill programme anticipated late 2020
"Results to date have defined significant gold mineralisation over a strike of more than five kilometres at Bakassi and we already have a good understanding of the mineralising systems in two dimensions. With a c.2,000m drilling programme already in sight, we are looking forward to testing the system in the third dimension during H2 and recommencing our fieldwork in
In Q4-2019, the Company reported that it had identified drill targets at the Bibemi licence in
Detailed (1:2,000 scale) mapping at the north-eastern end of the central Bakassi area ('Bakassi' or the 'Prospect') during December, confirmed the continuation of mineralisation in Zone 1 by 1.3 kilometres to over 5.0 kilometres, with rock-chip samples from stacked veins returning up to 35.86 g/t Au. The stacked veins cross-cut a former RMC trench (T13) which has a reported best intersection of 38.00 metres grading 2.21 g/t Au, although this is not JORC 2012 compliant and requires validation. Accordingly, a further three drill holes have been planned for 380m, bringing the total programme to 1,940m for 17 holes.
Prior to drilling, the team will be deployed to site to recommence detailed (1:2,000 scale) mapping of the north-eastern end of the
For further information on Bibemi, including a drill plan and JORC Table 1 disclosure, please see the following page of our website https://orioleresources.com/projects/bibemi-and-wapouze/.
 Based on raw data provided to the Company. Results for this intersection do not meet JORC 2012 standards and so verification through further exploration is required.
Competent Persons Statement
The information in this release that relates to Exploration Results has been compiled by
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following 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,
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Notes to Editors:
This information is provided by RNS, the news service of the
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