Oriole Resources plc reported the restart of exploration work by its new earn-in partner at the Senala gold project in Senegal. JOINT VENTURE On 26 April, former Canadian partner IAMGOLD Corporation completed the sale of its Senegal subsidiary AGEM to Moroccan miner Managem Group. Oriole currently has a 41.65% interest in the project. DRILLING Managem […]
Tag: Senala – Senegal – West Africa
Oriole earn-in partner sells Senala gold interest
Oriole Resources plc’s earn-in partner in the Senala gold project has sold its portfolio in Senegal, Mali and Guinea for a total $282 million to Managem Group. OPTION AGREEMENT IAMGOLD Corporation had an option agreement on Senala where it recently earned a 51% initial interest by spending $4m over four years. The Canadian company could […]
Oriole notes stand-alone potential for Faré gold
Oriole Resources plc has identified the Faré prospect as a potential stand-alone project at the Senala gold joint venture in Senegal. ANOMALIES Earlier this year, partner IAMGOLD Corporation began its second option to spend a further US$4m. The Canadian company alsorecently completed 1,307 holes for 10,695m in auger drilling at Faré. Oriole said that gold […]
Oriole notes start of second work programme at Senala
Oriole Resources plc said that its joint venture partner had started the second stage of work under the earn-in agreement at the Senala gold project in Senegal. SECOND OPTION IAMGOLD Corporation has the option to spend up to US$8 million to earn a 70% interest, and has to date spent $4m. Oriole added that formalisation of […]
Oriole partner to exercise option for 70% in Senala
Oriole Resources plc said its joint venture partner intended to exercise its second option to earn a 70% interest in the Senala gold project in Senegal. FIRST OPTION Canadian company IAMGOLD Corporation had the option to spend up to US$8 million to earn a 70% interest. IAMGOLD has spent more than $4m within the first four […]
Oriole reports further ‘excellent’ results at Faré
Oriole Resources plc said it had received further excellent drill results from the Faré prospect in its Senala joint venture (JV) project, Senegal. RESULTS The news follows results earlier this week of up to 70m grading 1.46 g/t gold and 10m grading 1.69 g/t Au, respectively, at Faré and Madina Bafé. PHASE 1 Today’s published partial results are […]