Oriole Resources plc has progressed early-stage exploration on the four licences in its 90%-owned eastern Central Licence Package, which has a “district-scale potential” in Cameroon. ANOMALISM Ndom, Pokor, Niambaram and Tenekou are located contiguous with the company’s 50%-owned Mbe licence. Completed geological and regolith mapping over approximately 9km2 on the PK01 target at Pokor has […]
Tag: Oriole Resources plc
Oriole returns multiple gold intersects at Mbe South
Oriole Resources plc has returned 30 gold mineralisations in the first three holes of its 2,500-metre step-out diamond drilling at the Mbe South orogenic gold deposit in central Cameroon. EXTENSIONS Results from MB01-S included 1.00m at 59.00 grammes per tonne gold from 58.40m in drill hole MBDD041. Hole MBDD040 showed 3.00m at 2.82g/t gold from […]
Oriole increases inferred MRE at Mbe
Oriole Resources plc reported an increased inaugural JORC inferred mineral resource estimate to 1.23 million oz contained gold for the Mbe orogenic gold project in Cameroon. STATUS The figure, from independent consultants Forge International Ltd, is for the MB01-N and MB01-S deposits combined. The pit constrained inferred MRE for MB01-N is of 10.5 million tonnes […]
Oriole starts 2,500m step-out drilling at MB01-S
Oriole Resources plc has started 2,500 metres’ step-out diamond drilling in 10 holes at the Mbe South orogenic gold deposit in the Adamawa Region, central Cameroon. MRE The programme aims to expand the inaugural JORC inferred mineral resource estimate for the MB01-S deposit of 24.8 million tonnes, at a grade of 1.09 g/t gold, for […]
Oriole drilling results extend system at Mbe
Oriole Resources plc reported an extension to the width and length of the mineralised system, based on further gold intersections at the Mbe project in the Adamawa Region of central Cameroon. MRE Operator BCM International Ltd has to date completed 90% of the 2,950 metre diamond drilling programme at the MB01-N target, with 2,650m drilled […]
Oriole issues 108m new shares
Oriole Resources plc has issued 107,925,555 new ordinary shares of 0.1 pence each following a warrants exercise at a price of 0.25p per ordinary share, for £269,814. TVRs Following admission, the company will have 869,662,686 warrants and 399,916,245 options over ordinary shares outstanding, representing approximately 17.85% and 8.21% respectively of its enlarged issued share capital. Also […]