Oriole Resources PLC (AIM:ORR) said it has identified further gold targets at its 90%-owned Central Licence Package (CLP) in Cameroon.
The best results from 3,533 soil samples include 520 parts per billion (ppb) gold, 463 ppb gold and 111 ppb gold with 12 samples grading more than 51 ppb and 105 samples reporting more than 8 ppb gold.
Work so far on the eight-licence project has focused on the five easternmost licences.
The results extended the east-west trending anomalous zone at the Mbe licence by a further kilometre (km) and identified a 1.5km parallel trend to the north. The mineralisation occupies a corridor about 12.5km long by 3km wide.
"We are pleased to report outstanding results from this early stage prospectivity work in the CLP,” said chief executive Tim Livesey.
“We are extremely encouraged by the addition of another batch of positive gold-in-soil anomalies, as well as the extension to our longest existing anomaly in the Mbe licence, where additional sampling has extended the target zone to over 12km.”
Multi-km anomalies have also been identified within the Pokor and Niambaram permits, said the AIM-traded company.
Livesey added that the results appear to confirm the company’s proposition that the CLP covers a brand-new gold district in central Cameroon.
"Cameroon is certainly delivering on our idea of a new frontier for gold exploration in Africa, and we look forward to following up on these targets as the dry season commences later this year."