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Oriole Resources identifies large gold anomaly at Wapouzé in Cameroon

Oriole believes it is on the cusp of identifying a brand new gold district

Soil sampling has returned significant gold values

Oriole Resources PLC (LON:ORR) has identified multiple gold-in-soil anomalies at the Wapouzé gold project in Cameroon.

Oriole can earn up to a 90% interest in Wapouzé.

WATCH: Oriole Resources focused on advancing key assets after year of turnaround

Among the highlights of recent exploration work was the identification of an eight-kilometre long anomaly grading at over 10 parts per billion gold.

In the Bidar zone, selective rock-chip and lag samples have returned the best grade of 7.36 grams per tonne.

An infill soil sampling programme is now planned at the Bataol zone and will commence shortly.

"This initial wide spaced soil sampling programme at Wapouzé was designed to test the eastern limb of the licence, where reconnaissance sampling by Reservoir Minerals had previously returned occasional gold assays from stream sediments,” said Tim Livesey, chief executive of Oriole Resources. 

He remains optimistic that Oriole’s licences at Bibemi and Wapouzé have the capacity to host a brand-new gold district.


Quick facts: Oriole Resources PLC

Price: 0.387 GBX

Market: LSE
Market Cap: £2.72 m

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