Oriole Resources PLC (AIM:ORR) picked up almost 4% on a reassuring update from its first drill hole completed at the Mbe gold project, Cameroon.
The drilling has encountered the amphibolite-gneiss host rocks intruded by felsic porphyries, which correlates with the lithologies noted during trenching, noted SP Angel.
The house broker added that this hole focused on the main target generated from trenching and soil sampling which identified a large gold anomaly over a wide area.
The exploration team is reassured by the consistency in lithology of the core with the successful trenching programme, added the broker.
Shares rose 0.01p to 0.28p.