Oriole Resources plc has identified gold mineralisation from stream sediment sampling at Gamboukou within the district-scale Central Licence Package in the Adamawa region, central Cameroon. ENCOURAGED Of a total 407 samples, nine samples graded 10 parts per billion gold or more, and a highest value of 39ppb gold. The company said that the results were comparable […]
Tag: Oriole Resources plc
Oriole identifies potential ‘satellite’ targets at Mbe
Oriole Resources plc said it had identified new targets, adding to those in June, from a second soil sampling programme at the Mbe licence in the Adamawa region of Cameroon. DRILLING The “three further zones of gold anomalism” of MB02, MB03 and MB04 prospects lie to the east of MB01, with results of up to […]
Oriole identifies new mineralised zone at Bibemi
Oriole Resources plc said it had identified a new mineralised zone at the Lawa West prospect within its 82.2%-owned Bibemi orogenic gold project in Cameroon. EXPANSION Earn-in partner BCM International Ltd is currently funding up to US$4 million exploration in return for up to a 50% interest in the project. Oriole added that recent mapping within the […]
Oriole encouraged by Bibemi drill progress
Oriole Resources plc earn-in partner has completed 10 of 62 drill holes in the phase IV exploration programme at its 82.2%-owned Bibemi orogenic gold project in Cameroon. STUDIES The company said that multiple shallow-dipping, less than 45˚ from horizontal, and steeply dipping quartz and quartz-tourmaline veins, up to 2.40m wide, have been intersected. BCM International […]
Oriole renews Cameroon gold licences
Oriole Resources plc has secured a further two years for its five gold exploration licences within the Eastern Central Licence Package in the Adamawa and North regions, Cameroon. Held through the company’s 90%-owned subsidiary Oriole Cameroon SARL, the renewed licences represent a contiguous, district-scale land package covering 2,266km2. The Eastern CLP includes the flagship 80%-owned Mbe licence, […]
Oriole CEO purchases 3m shares
Oriole Resources plc chief executive officer Martin Rosser today bought 3 million ordinary shares of 0.1p each in the company at a price of 0.354 pence per share. The acquisition represents 0.08% of Oriole’s issued share capital. Following the purchase, the company’s directors hold a total 225,196,990 ordinary shares, representing 5.78% of Oriole’s total voting rights.