Oriole Resources plc released further results from the recently completed Phase II diamond drill programme at Bakassi Zone 1 on its 90%-owned Bibemi gold project in Cameroon. RESULTS The company completed Phase II drilling for 1,650.70m in 11 holes to test a 1km portion of Bakassi Zone 1, to infill previously reported mineralised zones identified […]
Tag: Oriole Resources plc
Oriole non-executive chairman John McGloin to leave
Oriole Resources plc announced its non-executive chairman John McGloin will step down. Mr McGloin, who joined the gold exploration company in September 2018, will become chief executive officer of Diamond Fields Resources Inc. He will remain as chairman until 28 February 2022 unless Oriole appoints a successor before then.
Oriole notes drilling refocus on Faré at Senala
Oriole Resources plc’s joint venture partner has restarted drilling at the Senala gold project in Senegal. PROGRAMME As part of its Year 4 earn-in, IAMGOLD Corporation has completed four holes for 401m at the Madina Bafé prospect to test the main northeast trending corridor. The Canadian company has refocused the remainder of its Year 4 budget towards […]
Oriole notes start of drilling on Hodine gold licence
Oriole Resources plc said drilling had started at its gold project interest in the Hodine exploration licence, Egypt. BUSINESS STRUCTURE The company holds a 24.92% interest in Thani Stratex Resources Ltd (TSR) which, through its local subsidiary Thani Dubai Mining, holds a 93% interest in the licence. Hodine is held by Red Sea Resources Ltd […]
Oriole identifies multiple gold targets in eastern CLP
Oriole Resources plc has identified multiple gold targets in its three of the easternmost licences in its 90% owned Central Licence Package (CLP) in Cameroon. RESULTS The district-scale CLP comprises eight contiguous licences covering 3,592 km2 prospective for orogenic-style gold mineralisation. During Q2 2020, the company began a mapping and stream sediment sampling programme which gave initial […]
Oriole completes MRE for Faré South at Senala
Oriole Resources plc announced an independent mineral resource estimate (MRE) of 155,000 oz gold grading 1.26 g/t gold in the inferred category for Faré South in its Senala project, Senegal. JOINT VENTURE The MRE is independent of the company’s joint venture partner IAMGOLD Corporation which has the option to spend up to $8 million to earn a 70% interest. […]