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Oriole Resources PLC

Oriole Resources looks to expand its position in Cameroon, following encouraging exploration results

A targeted drill programme is planned for later in the year

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The gold grades returned so far are highly attractive

Oriole Resources PLC (LON:ORR) has intercepted nine metres grading 3.14 grams per tonne gold in trenching on the central Bakassi zone on the Bibemi project in Cameroon.

The intercept was the highlight of broad programme of work across Oriole’s Bibemi and Wapouzé gold projects.

WATCH: Oriole Resources PLC - Mining Capital Conference May 2019

Other good-looking intercepts included one metre at 4.53 grams per tonne, 16 metres at 0.5 grams, two metres at 1.58 grams and one metre at 2.27 grams.

At the earlier-stage Wapouzé project, around 20km to the north, Phase 1 infill soil sampling has recently been completed and results for a 639 soil samples and 123 rock-chip samples are expected later this quarter.

Oriole is a first-mover in Cameroon and, based on results received to date, is looking to expand its position in the country during the year.

"We are extremely encouraged to see that the second batch of Phase 1 trenching results from Bibemi continue to support an orogenic gold model, and that interrogation and interpretation of the data has identified two main mineralised vein trends to date,” said Oriole chief executive Tim Livesy. 

"Work continues to improve our understanding of the geological and structural setting of the mineralisation, with studies at the regional, camp and local scale.  We are currently undertaking a range of technical studies, including the interpretation of regional airborne geophysical data, structural and geological analysis of recently re-mapped areas and detailed petrographic studies of rock samples from the key lithologies identified during the trenching programmes. This will move us one step closer to designing a targeted drilling programme to test the prospective central Bakassi area - the main focus of our field work to date - during the next dry season, commencing in October 2019.”

 

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