Oriole Resources PLC - Air Core Drilling Commences at Senala Gold Project
('Oriole' or 'the Company' or 'the Group')
Air Core Drilling Commences at the
"Prior to the signing of the JV earn in agreement by IAMGOLD, work at Faré had returned some very exciting intersects, including best intersections of 96.00 m grading 1.51 g/t Au and 7.00 m grading 86.39 g/t Au.
"The footprint of gold anomalism extends in excess of six kilometres ('km') in the main trend, with several potential additional offsets of mineralisation identified by previous soil sampling programmes.
"Recent success by Chesser Resources (ASX: CHZ) on its Diamba Sud prospect just 10 km east, combined with historical drilling at Faré, confirms the prospectivity of the area and the potential for the discovery and development of a stand-alone mining project.
"The recent high level of successful exploration and coupled with very active M&A activity in the Kédougou-Kéniéba Inlier continue to support this area as a highly endowed and prospective gold district and we are particularly pleased to have been able to retain the 472 sq. km footprint of the Senala licence for a potential further 10 years.
"We look forward to receiving results from IAMGOLD through this exploration season."
In March, the Company announced that IAMGOLD had initiated Year 3 of its
Following the recent successful application for a new licence at the Project, providing security of tenure for up to a further 10 years (Announcement dated
IAMGOLD has confirmed that the environmental and water permits have been successfully received and that the programme of approximately 10,000 m AC drilling is now underway to further define and confirm areas of anomalism. The drilling will initially focus on the treeless areas within the licence, pending receipt of the forest permit that is expected shortly. Results from the programme are anticipated in the fourth quarter of this year and a follow up RC drilling programme will be designed contingent on these results.
For further information, including a JORC Table 1 and map showing all results please see the Senala page of the Company's website https://orioleresources.com/projects/senala/.
Competent Persons Statement
The information in this release that relates to Exploration Results has been compiled by
** ENDS **
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.
For further information please visit www.orioleresources.com, @OrioleResources on Twitter,
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