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Oriole Resources CEO Tim Livesey 'encouraged' by Cameroon trench results

Tim Livesey, chief executive of Oriole Resources PLC (LON:ORR), tells Proactive London's Andrew Scott he's very encouraged by what's been learnt from a trench programme at one of its Cameroon gold assets.

At the Bibemi project, geologists found orogenic-style gold mineralisation.

Among some of the returns was six metres at just over three grams per tonne with individual veins measuring up to 13.7 grams per tonne.

Livesey also discusses their exploration partner in Senegal, IAMGOLD, deciding to continue at the Dalafin project, where a Year-2 earn-in period has now begun.

As part of its option to acquire up to 70% of the project - by spending up to US$8mln on exploration – IAMGOLD is expected to invest at least US$1mln this year.

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Price: 0.305 GBX

LSE:ORR
Market: LSE
Market Cap: £2.14 m
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Full interview: Operational highlights from Oriole

Oriole Resources PLC's  (LON:ORR) CEO Tim Livesey and CFO Bob Smeeton join Proactive London from Glasgow's geographical conference to update investors on their interim results. Updates here too from sites in Turkey, Cameroon and Senegal with Smeeton outlining how cost saving measures he...

on 29/8/19

2 min read