Oriole Resources plc said that following a review of assay methods it has elected to use a standard fire assay on samples from its 90% owned Mbe orogenic gold project in Cameroon. DRILLING The company added that comparisons with photon assays found minor differences to fire assays which also have cost savings based on ability […]
Tag: Oriole Resources plc
Oriole completes phase V drilling at Bibemi
Oriole Resources plc has completed phase V of drilling, several weeks later than planned, at its 90% owned Bibemi orogenic gold project in Northern Cameroon. REVIEW Operator and earn-in partner BCM International drilled a total 6,915.40m in 56 holes at the Bakassi Zone 1 prospect over three sub-prospects of BZ1-MRE, BZ1-NW, and BZ1-SW. Results are due […]
Oriole directors purchase total 16m shares
Oriole Resources plc reported three directors’ share purchases totalling 16,026,590 of 0.1 pence each at a price of 0.20 to 0.21 pence per share. Chief executive officer Martin Rosser acquired 8,936,792 ordinary shares and now holds 14,612,377. Chief financial officer Robert Smeeton bought 4,797,496 (40,733,8740) and executive director, exploration Claire Bay purchased 2,292,302 (13,698,870). Following the […]
Oriole renews Wapouzé for further two years
Oriole Resources plc has secured a further two years for its 85%-owned Wapouzé limestone property in northern Cameroon. INVESTMENT The project lies 20km to the north of the company’s Bibemi gold exploration area. Although initially focused on gold, sampling results in September 2023 showed high grade carbonate material which could be used in the country’s cement […]
Oriole begins inaugural drilling at Mbe
Oriole Resources plc has started an inaugural diamond drilling campaign to confirm the orientation of mineralised zones at its Mbe orogenic gold project in the Adamawa region of Cameroon. MILESTONE Mbe is one of five licences within Oriole’s wider package of contiguous exploration licences, named the Eastern CLP, which covers 2,266 km2, prospective for gold […]
Oriole awards 166.7m share options
Oriole Resources plc has granted in aggregate 166,700,000 share options to directors and certain members of staff for securing the BCM International Ltd earn-ins and as incentives. DIRECTORS’ DEALINGS The options have an exercise price of 0.33 pence per ordinary share, representing a 14% premium. Equivalent to 4.28% of Oriole’s current issued share capital, […]