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 […]
Tag: Oriole Resources plc
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. […]
Oriole reports further ‘excellent’ results at Faré
Oriole Resources plc said it had received further excellent drill results from the Faré prospect in its Senala joint venture (JV) project, Senegal. RESULTS The news follows results earlier this week of up to 70m grading 1.46 g/t gold and 10m grading 1.69 g/t Au, respectively, at Faré and Madina Bafé. PHASE 1 Today’s published partial results are […]
Oriole completes half of CLP mapping-sampling
Oriole Resources plc has completed more than half of the mapping and sampling on its 3,592km2 Central Licence Package in central Cameroon. FIELD WORK The company completed the five easternmost licences, with results anticipated during Q3 2021, and has now paused activities for the rainy season. The programme will resume for the remaining three licences […]
Oriole awaits drill results as rains halt Senala operations
Oriole Resources plc said it expected drill results from Phase 2 drilling at Madina Bafé in the Senala joint venture gold project in Senegal. The company’s partner IAMGOLD Corporation has the option to spend up to $8 million to earn a 70% interest in the project. IAMGOLD, which started its Year 4 of that earn-in during […]