Oriole Resources assets in Senegal have been franked by the latest auger work by partner IAMGOLD at Fare.
IAMGOLD recently completed a 10,695m auger drill programme at the Faré prospect.
Multiple gold anomalies were identified situated outside of the currently defined gold mineralised footprint at Faré.
Shard says the programme was designed to test the subsurface geology and identify extensions to existing gold anomalism.
Holes were drilled to an average depth of eight metres, with two samples collected per hole.
The highest grading sample located c.1.5km eastnortheast of the Faré South MRE, yielded 80 ppb Au and appears to be related to the same structural corridor that passes through the conceptual pit shell.
This and the other auger results were highly encouraging, said Shard.
Auger programmes are not grade-focused like drilling but designed to identify anomalous trends to highlight areas for follow-up work and potentially targeted drilling.
The correlation with an arsenic (As) anomaly was also significant given that arsenic is closely associated with gold in many types of gold deposits.
Shard now believes the Faré area could easily justify an expanded exploration programme in terms of both intensity and longevity to support not only in-fill work to expand the resource base but also step-out drilling for new discoveries along strike.