07:00 Tue 21 Jan 2020
Oriole Resources PLC - Extension of Licence Tenure in Senegal
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Extension of Licence Tenure in
With the exclusive exploration licence at Dalafin having met and exceeded its maximum tenure of nine years, plus a one-year special extension, the Company reports that it has been successful in applying for a new licence, now designated as Senala ('Senala' or 'the Project'), over the same coordinates as Dalafin (covering 472.5km2). The Senala licence will be governed by the new Senegalese
IAMGOLD is currently in the second year of its earn-in at the Project, having completed over 9,300 metres drilling to date at the southernmost Madina Bafé prospect (announcements dated
Both prospects have the potential to identify additional mine feed for the neighbouring Boto gold project, for which IAMGOLD received its mine permit last week (IAMGOLD announcement dated
"We look forward to continuing the exploration programme at Senala, in particular at the Madina Bafé and Faré prospects, which have previously delivered best drilling intersections of 9.6 metres at 16.08 grammes per tonne gold and 96 metres at 1.51 grammes per tonne gold respectively. This extensive licence area lies within a highly-endowed gold region of eastern
"We would like to thank both our partners,
For further information, including a JORC Table 1 please see the Senala page of our website https://orioleresources.com/projects/senala/.
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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,
or contact:
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Tel: +44 (0)20 7830 9650 |
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Blytheweigh (IR/PR Contact) |
Tel: +44 (0)20 7138 3204 |
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Tel: +44 (0)20 7383 5100 |
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WH Ireland
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Tel: +44 (0)20 7220 1666 |
Notes to Editors:
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