|
Oriole Resources PLC - Hampshire, England-based gold explorer focused on West and Central Africa - Reports 125 gold-bearing intersections now returned from the first eight drill holes on its 90% owned Mbe orogenic gold project in Cameroon. Calls it ‘an incredible discovery rate for a maiden drilling programme.’ Says the results are ‘hugely significant’ for the project and continue to demonstrate wide zones of bulk-tonnage and near-surface gold mineralisation, which could be mineable by open pit. The drill programme is currently scheduled for completion in the third quarter, and Oriole anticipates publishing a maiden, pit-constrained mineral resource estimate in the fourth quarter. Chief Executive Officer Martin Rosser, says: ‘We are ecstatic with the latest drill hole results from MB01-S. Not only have we encountered very significant widths of mineralisation, but the grades in hole MBDD008 are the best to date and hugely impressive, and from near surface to boot. ‘These results emphatically support our contention that MB01-S, with its wide zones of bulk-tonnage and near-surface gold mineralisation reported to date, could be favourable for a potential open pit mining operation. This all bodes very well for the rest of the maiden drilling programme.’ Current stock price: 0.20 pence, closed up 1.4% in London on Monday 12-month change: down 32% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
