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Licence awards create new mining district for Oriole Resources

Licence awards create new mining district for Oriole Resources

Oriole Resources PLC (LON:ORR) has been awarded five new licences in Central Cameroon which significantly expand the company’s footprint in the country and potentially creates a new mining district.

The explorer highlighted the new acreage alongside three other licences awarded to Oriole’s partner Reservoir Minerals Cameroon represents a contiguous, district-scale land package spanning some 3,592 square kilometres of what it described as highly prospective geological terrain.

Chief Executive Tim Livesey and Chief Financial Officer Bob Smeeton tell Proactive London about the fluid carrying gold mineralisation in the targets and the company's ability to fund exploration ambitions.

Quick facts: Oriole Resources PLC

Price: 1.15 GBX

LSE:ORR
Market: LSE
Market Cap: £17.86 m
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