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 […]
Tag: orogenic gold
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 signs non-binding Bibemi-Mbe earn-ins
Oriole Resources plc has signed two non-binding heads of terms with BCM International Ltd for earn-ins at the company’s Mbe and Bibemi orogenic gold licences in Cameroon. MBE The transactions, for up to 50% interest in each licence with the Ghana-based mining and civil contractor, are expected to be executed before the end of the […]
Oriole to define more targets and extend Bibemi MRE
Oriole Resources plc has progressed work to define further targets and extend the mineral resource estimate (MRE) at its 90%-owned Bibemi orogenic gold project in north Cameroon. BIBEMI The 177km2 project holds an identified shear-hosted gold mineralisation at four main prospects of Bakassi Zone 1, Bakassi Zone 2, Lawa West and Lawa East. December 2022’s inaugural JORC MRE showed 305,000 […]
Oriole confirms lithium-bearing pegmatites at CLP
Oriole Resources plc confirmed multiple lithium-bearing pegmatites from early stage exploration at two licences on its 90%-owned Central Licence Package (CLP) in Cameroon. CENTRAL LICENCE PACKAGE The project comprises nine contiguous licences covering 4,091km2 of previously unexplored Paleo-Proterozoic to Pan-African age rocks highly prospective for a range of commodities, including orogenic-style gold mineralisation and lithium. NDOM & […]
Oriole granted two-year extension for Bibemi
Oriole Resources plc has been granted a two-year licence extension for its 90%-owned Bibemi orogenic gold project in Cameroon. PROSPECTS The company said that under Cameroonian law, no mandatory ground relinquishment was required on renewal and the Oriole has maintained the full 177km2 licence area. The extension, which is non-renewable, is valid until 26 September 2024 after […]