Oriole Resources plc has completed more than half of the mapping and sampling on its 3,592km2 Central Licence Package in central Cameroon.
FIELD WORK
The company completed the five easternmost licences, with results anticipated during Q3 2021, and has now paused activities for the rainy season.
The programme will resume for the remaining three licences during Q4 2021.
Regional scale mapping and stream sediment sampling began in May, with 874 samples to date taken over the five licences in the east of the package.
A total 371 samples relating to the Niambaram and Tenekou licences have been sent for gold and multi-element analysis, with a further 503 samples to follow.
Chief executive Tim Livesey said that the Central Licence Package held all the indicators of a new gold district.
“We already know from historical sampling, and evidenced by more recent artisanal activity, that the licence package has the potential to host gold, so we are understandably eager to see the results of this programme.
“Grassroots exploration doesn’t come any simpler than this, with rapid and systematic field work allowing us to start defining and ranking targets for further investigation during the next field season.”
Oriole’s subsidiary Oriole Cameroon SARL, and its partner Reservoir Minerals Cameroon SARL, a subsidiary of Bureau d’Etudes et d’Investigations Géologico-minières, Géotechniques et Géophysiques SARL (‘BEIG3’) were awarded the package earlier this year.