Oriole Resources plc has received the first US$300,000 tranche of funding from BCM International Ltd, relating to an earn-in completion agreement at its Bibemi gold project in Cameroon. NEGOTIATIONS BCM has now earned a 50% beneficial interest in the Bibemi orogenic gold project, located in the northeast of the country. The operator is also earning […]
Tag: BCM International Ltd
Oriole begins 2,950m drilling at MB01-N
Oriole Resources plc’s partner and operator has started an inaugural 2,950 metre diamond drilling programme at the MB01-North target at the Mbe gold project in central Cameroon. PAYMENTS BCM International Ltd will pay Oriole US$900,000 in three equal monthly instalments, beginning this month, and contribute $300,000 to drilling costs, as agreed on 5 November, for up 50% of […]
Oriole signs Mbe-Bibemi completion agreement
Oriole Resources plc has signed a completion agreement, including 2,950m inaugural diamond drilling, with its earn-in partner on the Bibemi and Mbe gold projects in Cameroon. EXPLORATION BCM International Ltd expects to begin operations in December, and will focus on MB01-N. The operator aims to convert the target’s range of 15 to 20 million tonnes […]
Oriole extends gold mineralisation at Mbe
Oriole Resources plc reported “wide gold intersections” outside exploration target MB01-S at its 90% owned orogenic gold Mbe project in the Adamawa Region of central Cameroon. MRE The findings come from the final results of the now completed ten-month diamond drilling programme of 24 holes for 6,828.40 metres. Chief executive officer Martin Rosser said that […]
Oriole issues inaugural Mbe exploration target
Oriole Resources plc has identified 33 to 44 million tonnes, at 0.77 to 0.95g/t gold, for 0.82 to 1.34m ounces contained gold in its inaugural JORC exploration target for the Mbe orogenic gold project in Cameroon. MODEL Independent consultant Forge International Ltd extends the target, which is open in all directions and at depth, over the […]
Oriole returns ‘best’ gold intersects so far at Mbe
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 […]