Oriole Resources plc said it had found further evidence of the size and grade of the gold anomaly from pilot channel sampling at Mbe within the Central Licence Package (CLP) in Cameroon.
DRILL TESTING
Mbe is one of five licences in the Eastern CLP, with the overall package prospective for a range of commodities including orogenic-style gold mineralisation and lithium.
The company said that minor artisanal workings had exposed narrow trench-like profiles at six locations over a 200m strike length of one of the shear veins in the main corridor.
Oriole collected 22 channel-chip samples on lines perpendicular to the dominant north-east shear trend.
“Two complimentary mineralised vein sets with significant widths, grades up to 3 g/t gold in the altered host rocks, grades in excess of 100 g/t gold in the main vein systems and visible gold identified in the extensional veins – a hugely positive result,” added chief executive Tim Livesey.
“Although the large footprint of this system led us to concentrate initially in this northern part of the Mbe licence, we should remember that we have several other gold anomalies along this 75 km corridor of the Tchilloré Banyo Shear Zone, again emphasising the enormous opportunity in this new gold district.
“The second half of 2023 should see us drill testing some of these targets and we are confident that, with the results seen to date, we can expect great things from these Eastern CLP licences.”
Oriole still continues to secure project level funding for the forthcoming Eastern CLP work programmes.