Oriole Resources plc announced bonanza gold grades from the completed Phase III diamond drilling programme at its 90%-owned Bibemi gold project in Cameroon.
RESULTS
The programme focused on infill and extensional drilling for 1,385.4m in nine holes at the Bakassi Zone 1 prospect which is one of four at the project.
The company said that results showed mineralised intervals of up to 9.20m grading 1.31 g/t gold and 2.10m grading 19.04 g/t gold including a bonanza* intersection of 1.10m grading 36.06 g/t gold.
EXPLORATION TARGET
Oriole added that the findings were starting to outline the potential for a JORC-classified exploration target.
“Results have confirmed the mineralised corridor at Bakassi Zone 1 extends over widths of up to 150m and to more than 1km along strike.
“Mineralisation has been confirmed to a vertical depth of more than 100m below surface and the system remains open at depth.”
CORRELATION
Chief executive Tim Livesey added that the programme had given the company additional geological, structural and mineralisation data.
“We are pleased that the infill drilling in particular has given us such good correlation with previous intersections and we are working to continue the development of our exploration targeting model at Bakassi Zone 1.
“It is important to note that Bakassi Zone 1 remains open along strike in both directions and at depth.
“Learnings from this programme will also be applied across the other three target areas on the project, where we are yet to carry out any additional drilling and where we have evidence of gold systems from previous work by our team.”
*bonanza grade is defined as equal to or greater than 31.10 g/t gold or 1 troy ounce per tonne.
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