Oriole Resources PLC (LON:ORR) is a third of the way through its 3,080 metre drill programme at the Bibemi gold project in Cameroon. Under the terms of its option agreement with Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques, Oriole is earning up to a 90% interest in the Bibemi and Wapouzé projects in northern Cameroon by spending US$3.12mln over four years.
So far, 967.50 meters have been completed in nine holes.
The programme is focussed on testing the depth extension of surface gold mineralisation identified within a 8.3 kilometre-long system, where previous surface exploration programmes have returned up to 135.40 grammes per tonne of gold from selective rock-chip sampling and nine metres at 3.14 grammes from trench sampling.
These first nine holes have all been completed at the Bakassi Zone 1 prospect. All holes to date have intersected mineralisation.
The first batch of samples for Bakassi Zone 1 have been processed and sent to Bureau Veritas for analysis.
Results are anticipated before the end of the month.
The rig will now be moved to test the other three main identified prospects, Bakassi Zone 2, Lawa West and Lawa East.