Oriole Resources PLC (AIM:ORR) has identified a new mineralised zone within the licence areas at its Bibemi project in Cameroon.
Sampling at the new prospect, Lawa West, returned 17 rock chips grading over 0.5 grammes per tonne (g/t) gold from quartz vein material, with best results of 54.50g/t Au and 38.40g/t Au.
Mapping at Lawa West has also extended the mineralised strike length of to 6 kilometres increasing the total mineralised trend at Bibemi to 17 Km.
Partner BCM International is currently funding up to US$4 million in exploration expenditure in return for up to a 50% interest in the project.
Martin Rosser, chief executive, added: said: "The results reported for Lawa West are encouraging as they significantly expand the potential mineralised corridor length of the prospect, and the overall system at Bibemi.
“More generally, this bodes well for the discovery of additional sources of mineralised material on the project licence that could be processed at a central mineral processing plant at Bibemi."