Oriole Resources plc has identified multiple gold targets in its three of the easternmost licences in its 90% owned Central Licence Package (CLP) in Cameroon.
RESULTS
The district-scale CLP comprises eight contiguous licences covering 3,592 km2 prospective for orogenic-style gold mineralisation.
During Q2 2020, the company began a mapping and stream sediment sampling programme which gave initial positive results for the Niambaram and Tenekou licences.
Today’s results are from the Pokor, Ndom and Mbe licences.
Oriole said that strongly anomalous values were returned from all three licences, with 26 samples grading >10 ppb Au and six samples returning >50 ppb Au.
The highest reported result of 291 ppb Au was returned from the Ndom licence.
The company added that results continued to demonstrate a strong association with the northeast-trending Tcholliré-Banyo shear zone (TBSZ) corridor and related structures.
NEXT STEPS
The 18 targets (>30 ppb Au) identified to date will be ranked ahead of follow-up programmes.
Mapping and sampling over the remaining three licences in the west of the CLP will resume in Q4 2021.
Chief executive Tim Livesey added that the early indications of widespread gold-in-stream anomalism across all five licences sampled to date would be used to prioritise areas for rapid follow-up exploration work.
The company said that for context, the licensed area was approximately half the size of the Kédougou-Kéniéba inlier in Senegal, which has a current gold endowment of more than 45 million oz.