Oriole Resources PLC (AIM:ORR) executive director Claire Bay talked with Proactive's Stephen Gunnion about the final drilling results from the company’s maiden programme at the Mbe Project, specifically at the MB01 South target.
Bay explained that the drilling confirmed further extensions of the mineralised system, adding 100 metres to the south and 100 metres to the west. She highlighted that one of the western holes delivered almost 30 metres at 0.8 grams per tonne of gold, including 14 metres at 1.4 grams per tonne. “Importantly, almost all the results from that hole fall outside of the current exploration target,” she said, noting the scale of opportunity across the licence package.
The company had previously set an exploration target of between 0.82 million and 1.34 million ounces of gold for MB01 as a whole, with MB01 South accounting for about 60% of that. According to Bay, the results will now be passed to independent consultants at Forge International, who are working to convert exploration targets into a maiden mineral resource estimate for the MB01 South prospect.
Bay added that the system remains open in all directions and pointed to additional upside potential at MB01 North, located nearby but not yet drilled.
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