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Oriole Resources to start phase 2 drilling at Bibemi

The exploration company expects to see initial results during the final quarter of this year

Oriole Resources PLC - Oriole Resources to start phase 2 drilling at Bibemi

Oriole Resources PLC (LSE:ORR, FRA:S1Y) said a phase 2 diamond drilling programme will soon begin at its 90%-owned Bibemi gold project in Cameroon.

The 1,650-metre programme, which is expected to start before the end of September, will target a 1-kilometre strike length at the southern end of the Bakassi Zone 1 prospect.

Earlier this year, maiden drilling at Bakassi Zone 1 returned best intersections of 2.45m grading 2.96 grammes per tonne (g/t) gold, 3.60m grading 1.75 g/t gold and 12.40m grading 0.71 g/t gold.

Oriole said follow-up work, including infill soil sampling and detailed geophysics, is also being planned for the other three prospects within the licence.

"We aim to test the indications from the earlier trenching, mapping and maiden drilling in this area, for potential continuity between these two section lines, a strike extent of some 800m,” said Oriole Resources CEO Tim Livesey. 

"Additional work will be carried out to test the continuity of this mineralisation along strike to the northeast and southwest. 

"Having already established a camp in Q1 of this year and with the drill rig on site, we expect to be seeing initial results during Q4-2021."

READ: Oriole Resources highlights "excellent exploration progress" in first half of 2021

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Price: 0.425 GBX

Market Cap: £6.7 m

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