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Gold & silver

Oriole Resources identifies three potential targets from Mbe sampling

Oriole Resources PLC (AIM:ORR) said soil sampling at the Mbe gold project in the Adamawa region of Cameroon had identified three zones for a more targeted exploration follow-up.

A trenching programme has now started covering 5,500m to provide three-dimensional data by mapping and sampling the rocks underpinning these soil anomalies.

The results, anticipated in the next quarter, will help to define drilling targets for the 2024/25 field season.

BCM International is currently funding up to US$4 million in exploration expenditure at Mbe.

Claire Bay, Oriole’s exploration director, said: "These latest results have provided further significant insight into the potential scale of the gold-bearing system at Mbe, with the definition of three substantial targets for follow-up on the MB01 trend.

"MB01-S in particular is looking extremely robust, with consistently anomalous grades over a surface area of more than 0.75km2 and with a higher-grade core of over 500 ppb Au.

It's also extremely encouraging to see that pit sampling has delivered grades of up to 260g/t Au outside of the previously tested areas.

"Results from the initial metallurgical test work are also extremely encouraging and, with a second soil sampling programme nearing completion over the wider licence area, there exists the potential for further target identification."

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