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LONDON - Oriole Resources PLC (AIM: ORR), a gold exploration company focused on projects in West and Central Africa, has announced encouraging results from its maiden drilling program at the Mbe orogenic gold project in Cameroon. The company has completed 1,391 meters of diamond drilling in the first four holes at the MB01-S target, part of its Central Licence Package.
The drilling results include multiple gold intersections, with significant widths of mineralization reported. Highlights from hole MBDD002, drilled towards 270 degrees, include 29.75 meters at 0.82 grams per tonne (g/t) gold, with a subsection of 17.30 meters at 1.09g/t gold, as well as 26.30 meters at 0.62g/t gold, which includes intervals of 10.90 meters at 1.02g/t gold.
These findings correlate well with previous trenching results, suggesting the presence of narrower zones of higher-grade gold within broader envelopes of lower-grade material. The mineralized material is associated with NNW-trending zones of smoky quartz veinlets, which are believed to be significant for gold mineralization within the system. The drilling has also helped refine the understanding of structural controls on mineralization, leading to an adjustment in drilling orientation to optimize intersections.
BCM International has acquired an initial 10% interest in the Mbe project and is earning up to a further 40% by spending up to $4 million on exploration. The fully funded drilling program is expected to cover 6,590 meters in 24 holes.
The CEO of Oriole Resources, Martin Rosser, expressed satisfaction with the early results, which have met the company’s high expectations based on earlier trenching outcomes. The discovery hole, MBDD002, delivered multiple significant gold mineralized intersections, and the geological structural information obtained is guiding the ongoing drilling program.
Results for the second pair of scissor holes, MBDD003 and MBDD004, are anticipated later this month. Initial assessments suggest further signs of mineralization based on the visual appearance of the core. The company’s technical team, led by Executive Director Claire Bay, is overseeing the exploration results and the drilling program.
Oriole Resources’ announcement is based on a press release statement, and the company is undertaking a restructuring process that will see it increase its holding from 80% to a 90% interest in the Mbe project.
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