Oriole Resources plc began Phase 4 diamond drilling programme at Bakassi Zone 1 in the company’s 90%-owned Bibemi gold project in Cameroon. PROGRAMME The company has to date identified four main prospects with the majority of drilling focused on a circa 1km section at the Bakassi Zone 1 prospect. The programme, which began on 30 […]
Tag: Oriole Resources plc
Oriole completes sampling of priority 1 grids at CPL
Oriole Resources plc has completed sampling of the remaining four ‘Priority 1’ grids for a further 3,114 samples at its Central Licence Package (CLP) in Central Cameroon. LICENCE APPLICATION The news comes with the company’s application for a further licence, Maboum, to the east of the CLP and contiguous with the existing package. SAMPLING The […]
Oriole notes start of second work programme at Senala
Oriole Resources plc said that its joint venture partner had started the second stage of work under the earn-in agreement at the Senala gold project in Senegal. SECOND OPTION IAMGOLD Corporation has the option to spend up to US$8 million to earn a 70% interest, and has to date spent $4m. Oriole added that formalisation of […]
Oriole receives £403,000 R&D tax rebate
Oriole Resources plc said it had received a tax rebate of £403,000 in relation to “geoscientific advances sought by the company through its exploration programmes” in West Africa. GEOLOGICAL DATA The company made the research and development (R&D) tax relief claim from Her Majesty’s Revenue and Customs for the year ended 31 December 2021. Oriole added […]
Oriole identifies multiple gold-in-soil anomalies at CLP
Oriole Resources plc said it had outlined grades of multiple gold-in-soil anomalies from soil sampling results in a historically unexplored area at its Central Licence Package (CLP), Central Cameroon. PROGRAMME The company owns 90% of the district scale CLP which comprises eight contiguous licences covering 3,592 km2 prospective for orogenic-style gold mineralisation. Initial results are from […]
Oriole marks ‘bounce-back year’ for Africa gold portfolio
Oriole Resources plc said it had started the year in a strong position after a successful 2021 for its gold portfolio in Africa and copper-gold interests in Turkey. FINANCES In its final results for the year ended 31 December 2021, the company reported funds of £2.43 million to allow £1.78m of direct exploration expenditure in Cameroon. Oriole recorded […]