Oriole Resources plc announced that its joint venture (JV) partner has started its year 4 exploration programme at the Senala gold project in southeast Senegal. IAMGOLD Corporation will undertake a planned 11,000 metres of reverse circulation (RC) and diamond drilling at the Faré and Madina Bafé prospects. The Canadian miner has the option to spend […]
Tag: Oriole Resources plc
Oriole begins regional mapping-sampling at CLP
Oriole Resources plc announced it had started its regional mapping and stream sediment sampling programme at its gold Central Licence Package in Cameroon. SAMPLES The company has collected a total of 180 samples of a planned 1,360 sample programme covering a contiguous land package of 3,592 km sq. Results are expected during the second half of […]
Oriole confirms visible gold at Lawa prospects
Oriole Resources plc announced that visible free gold mineralisation had been identified in multiple holes at its 51%-owned Bibemi gold project in Cameroon. The miner’s current diamond drill programme for 3,080 metres in 28 holes is testing the depth extension of surface gold mineralisation identified at four key prospects: Bakassi Zone 1, Bakassi Zone 2, Lawa West and Lawa East. […]
Oriole primed for ‘new frontier’ of gold in Cameroon
Oriole Resources plc announced it had secured a controlling interest in it orogenic gold exploration projects at Bibemi and Wapouzé in northern Cameroon. LICENCES The move follows the completion of an initial funding commitment of $1.56 million set out under the terms of an option agreement signed in June 2018. Oriole now has 51% ownership […]
Oriole confirms proof of concept for Bibemi gold
Oriole Resources plc announced that results from the first hole of a planned 28-hole diamond drill programme have proved the continuity of orogenic gold at the Bibemi gold project in Cameroon. Hole BBDD001 returned best grades of 1 metre grading 4.09 grammes per tonne (g/t) gold, and 1m grading 0.67 g/t gold from zones of […]
Oriole cuts losses by 81% and raises £2.37m
Oriole Resources plc reduces losses by more than 80% and raised £2.37 million through its portfolio of assets in Africa and Turkey. The company said that the significant reduction was partly driven by an unrealised foreign exchange gain of £317,000, compared with a £445,000 exchange loss in 2019. The remaining sum of £578,000 was the […]