Oriole Resources plc aims to secure US$1 million investment for exploration on its five gold licences in the eastern Central Licence Package, central Cameroon. TERMS The company said it was transferring its 90% project interest into a sub-holding company, NewCo, to enable the investment and advance exploration while minimising equity dilution for shareholders. Oriole has […]
Tag: Central Licence Package – Cameroon
Oriole confirms lithium-bearing pegmatites at CLP
Oriole Resources plc confirmed multiple lithium-bearing pegmatites from early stage exploration at two licences on its 90%-owned Central Licence Package (CLP) in Cameroon. CENTRAL LICENCE PACKAGE The project comprises nine contiguous licences covering 4,091km2 of previously unexplored Paleo-Proterozoic to Pan-African age rocks highly prospective for a range of commodities, including orogenic-style gold mineralisation and lithium. NDOM & […]
Oriole records up to 134 g/t from sampling at CLP
Oriole Resources plc reported multiple high grades, including 134.10 grammes per tonne (g/t) gold from rock-chip sampling at its 90%-owned Central Licence Package (CLP) project in Cameroon. MINERALISED CORRIDOR The 4,091km2 project comprises nine contiguous licences over previously unexplored Paleo-Proterozoic to Pan-African age rocks prospective for commodities, including orogenic-style gold mineralisation and lithium. Soil sampling […]
Oriole restarts field work at Bibemi-CLP
Oriole Resources plc has restarted field work following the rainy season at its Bibemi orogenic gold and Central Licence Package (CLP) gold projects in Cameroon. BIBEMI The company is currently conducting a pit optimisation study and site visit at Bibemi in the north of the country. The work aims to upgrade a portion of the […]
Oriole raises £600,000 via discounted placing
Oriole Resources plc has conditionally raised £600,000 in a placing, including £32,000 as subscriptions by certain directors. DIRECTORS’ DEALINGS The company announced on 28 October, that it will issue in aggregate 500,000,000 new ordinary shares, each at 0.12 pence. The placing price is equal to a 27% discount to the 14-day volume weighted average price […]
Oriole early results could confirm new gold district
Oriole Resources plc said that early stage exploration results appeared to confirm the company’s proposition of a new gold district at its 90%-owned Central Licence Package (CLP) in central Cameroon LICENCES The district -scale area covers 3,592 km2 comprising eight contiguous licences highly prospective for orogenic-style gold mineralisation. Oriole has to date focused on the […]