Oriole Resources PLC (LSE:ORR) has identified five gold zones in the east of its 90%-owned Central Licence Package in Central Cameroon.
The district-scale Central Licence Package comprises eight contiguous licences covering 3,592 square kilometres of paleo-Proterozoic to Pan-African age rocks that are highly prospective for orogenic-style gold mineralisation.
Ranking of an initial 18 targets in the east of the Package has identified five zones for follow-up soil sampling.
Regional-scale soil grids have been designed to cover these zones to test the footprint of the anomalism. Three of the grids are centred over the northeast-trending Tcholliré-Banyo shear zone, which the company believes is a key control on the gold anomalies identified to date.
Sampling of an initial area is expected to be completed before the end of the year, with gold results anticipated early in the first quarter of next year.
"The initial gold results from the five easternmost CLP licences have allowed us to confirm a substantial area of structural complexity, where at least two main trends or corridors of mineralisation are evident, one broadly following the TBSZ and one approximately perpendicular to this, trending northwest,” said Oriole Resources chief executive Tim Livesey.
"The multiple gold anomalies identified within a number of coincident drainage basins associated with these trends, gives us great confidence that this new exploration district has the potential to yield multiple targets along these gold corridors, as we expected following our early prospectivity work in 2019. "We are now able to rapidly move the exploration programme forward to further define areas of interest and we look forward to sharing the results from the initial soil sampling and mapping programmes as we head toward the end of the year and into 2022.”