viewOriole 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.

Quick facts: Oriole Resources PLC

Price: 0.385 GBX

Market: LSE
Market Cap: £3.51 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Oriole Resources PLC named herein, including the promotion by the Company of Oriole Resources PLC in any Content on the Site, the Company...



Oriole Resources moving towards drilling in Cameroon as new campaign gets...

Oriole Resources PLC's (LON:ORR) Tim Livesey speaks to Proactive London's Andrew Scott following the news they've raised £419,500 to support ongoing exploration at the company's projects in Cameroon - including moving the programme at Bibemi towards drill mobilisation later this year. Livesey...

on 30/6/20

2 min read