Oriole Resources PLC (AIM:ORR) continued its recent upward march as it restarted exploration at the Mbe gold project in Cameroon.
Mbe is one of two of Oriole's projects in East Africa where gold producer BCM recently agreed to fund exploration in return for a sizeable equity stake.
BCM can earn up to 50% for a US$1 million signature payment at Mbe plus U$4 million in exploration expenditure and resource-linked success payments.
Through a similar deal, BCM can take a 50% stake in the Bibemi, another of Oriole's projects in Cameroon.
Oriole that sampling is now underway at Mbe to confirm its belief that a corridor of gold mineralisation runs across all of its licences in Cameroon.
Shares rose 13% to 0.35p having doubled since the start of the year.