Oriole Resources plc reported some of the “best gold intersections” to date, among further multiple intersections near surface, at its 90% owned Mbe orogenic gold project in the Adamawa Region of central Cameroon.
MRE
The inaugural diamond drilling campaign, focused on the MB01-S target, is almost 70% complete, with nearly 200 gold intersections returned to date.
MB01 is an identified 3km long trending prospect which lies within a wider 12.5km long zone of gold-in-soil anomalism.
A total of 15 holes for 4,527.20m have been drilled with the sixteenth in progress.
The latest results are from drill hole MBDD012 and include 21.30m at 1.61g/t gold from 2.40m, including 11.00m at 2.04g/t gold and 4.00m at 2.53g/t gold.
The returns follow those from drill hole 10 which included 8.90m at 0.47g/t gold from 10.00m, including 1.20 at 1.05g/t gold.
Drill hole 11 additionally revealed, among other results, 17.30m at 0.39g/t gold from 3.60m, including 1.00m at 1.06g/t.
The company said that the results confirmed the “along-strike continuity of mineralisation” of at least 200m.
Mineralisation was previously confirmed to a vertical depth of as least 290m. The system remains open in all directions and at depth.
Further drill hole results are due in the coming weeks.
Oriole plans to engage an independent consultant to start work later in June on a JORC exploration target estimation in Q3 2025, which will guide Mbe’s resource potential.
The company added it believed that the project could be mined by open pit mining methods.
The drilling programme is due to complete during the third quarter of this year and an inaugural independent pit-contained mineral resources estimate in the following quarter.
“The latest results from hole MBDD012 are some of the best gold mineralised intersections reported to date, both for length and grade; and start from very near surface,” said chief executive officer Martin Rosser.
“Our geological understanding of the deposit continues to grow with the drilling results for each new hole and with it our confidence that Mbe has significant gold resource potential.”
Mbe, covering 312km2, is located within the broader 2,266km2 Eastern Central Licence Package of five contiguous gold exploration licences.
Operator BCM International is earning up to a 50% interest in Mbe as well as Oriole’s other licence of Bibemi.