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Phase 1 drilling completed at Oriole’s Cameroon gold project

Published 02/09/2025, 07:04
Phase 1 drilling completed at Oriole’s Cameroon gold project
ORR
-2.99%

LONDON - Oriole Resources PLC (AIM:ORR) has completed its Phase 1 drilling program at the Mbe gold project in Cameroon, the company announced Tuesday in a press release statement.

The program comprised 6,828.40 meters across 24 drill holes at the MB01-S target, with results for the final four holes expected later this month. The company plans to publish a maiden pit-constrained JORC Mineral Resource Estimate in the fourth quarter of 2025.

Drilling has identified 285 gold mineralized intervals to date. Notable intersections include 86.50 meters at 1.36g/t gold from 22.00 meters depth in hole MBDD008, and 6.15 meters at 19.67g/t gold from 113.50 meters in hole MBDD019, which included a high-grade section of 1.00 meter at 119.10g/t gold.

One planned drill hole in the northeast section of the grid could not be completed due to weather-related access issues, though the company stated this is not expected to significantly impact the upcoming resource estimate.

Forge International, the company’s independent consultant, has confirmed that both trenching and drilling data can be included in the resource estimate. The mineralized system remains open in all directions, suggesting potential for future expansion.

Oriole Resources owns 90% of the Mbe orogenic gold project, which is part of the company’s exploration portfolio focused on West and Central Africa.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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