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Oriole Resources PLC

Oriole Resources pleased with soil sample results in Cameroon

The three best samples contained more than 100 ppb (parts per billion) gold – with a peak assay of 210 ppb (0.21 g/t).

Soil samples
Assays have now been received for 639 soil samples

Oriole Resources PLC (LON:ORR) has reported good incidences of gold in soil samples from the Bataol zone at its Wapouzé project in Cameroon.

The three best samples contained more than 100 ppb (parts per billion) gold – with a peak assay of 210 ppb (0.21 g/t) while there were 45 above 20 ppb and 135 greater than ten.

“Seeing 0.2 g/t Au peaks in soil sampling is a pretty good indicator that there is potential for economic-grade gold in the system,” said Tim Livesey, chief executive.

“We are particularly pleased to see confirmation and improved definition of the anomalism at the south-western end of the previously identified anomalous trends.

"Multiple parallel soil anomalies create a significant footprint for potential mineralisation, which we will be following up on as a priority during the next field season."

Oriole has as an option over 51% of BEIG3's Bibemi and Wapouzé licences in Cameroon to be met by spending US$1.56mln on exploration over two years.

Its stake can rise to 90% if Oriole spends a  further US$1.56mln on exploration or produces a pre-feasibility study on either one of the projects.

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