Proactive Investors - Run By Investors For Investors

Oriole Resources hails "very encouraging" Cameroon gold results

While the trench work at Bibemi is still at a very early stage, it appears to confirm several suppositions about the area
man by a trench
Among the more eye-catching returns was six metres at just over three grams per tonne of the yellow metal with individual veins measuring up to 13.7 grams per tonne

Oriole Resources PLC (LON:ORR) said a trench programme at one of its Cameroon gold assets had returned what it described as “very encouraging” results.

At the Bibemi project, geologists found orogenic-style gold mineralisation, which is formed when the earth’s crust folds.

READ: Oriole Resources offers considerable upside in West African gold exploration

Among the more eye-catching returns was six metres at just over three grams per tonne of the yellow metal with individual veins measuring up to 13.7 grams per tonne.

Though the higher-grading intercepts appeared at first glance to be rather sporadic, they do follow the previously-mapped trends and confirm the early model of shear-related vein mineralisation, said Oriole chief executive Tim Livesey.

“When one considers the scale of the area and the average 200m-spacing between trenches, the results to date suggest the presence of multiple mineralised ore shoots within what is a major 600m-wide structural corridor,” he added.

Infill work at Bibemi over 4,360 metres is expected to begin in the second quarter.

The trench programme followed on from rock-chip sampling, which found high-grade gold along with a four-kilometre strike.

Some 20 kilometres away at the Wapouzé deposit, Oriole’s team took 2,119 soil samples and 146 rocks to complete this earlier-stage assessment of the asset.

The work being carried out by Oriole in Cameroon is part of an earn-in programme, which will give the company a 90% share of both Bibemi and Wapouzé.

View full ORR profile View Profile

Oriole Resources PLC Timeline

Related Articles

1551268837_Oriole---drilling-in-West-Africa.jpg
February 27 2019
Oriole Resources has a long track-record of exploration in Africa
1541073181_shutterstock_249210421-(1).jpg
November 01 2018
The growth profile for Endeavour Mining has never looked better
1542614662_Galantas-fourth-try.jpg
November 19 2018
The plan is to move towards a production rate of 30,000 ounces of gold a year

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use