Oriole Resources plc has received a £157,000 tax rebate in respect of geoscientific advances through the company’s exploration programmes in West Africa. GEOLOGICAL DATA The money is from the company’s research and development tax relief claim for the year ended 31 December 2022. Oriole said that the rebate reflected its research on potential areas of mineralisation […]
Tag: Senegal
Oriole confirms extended mineralisation at Faré
Oriole Resources plc announced an extension of mineralisaton following results from the 2,148 metres reverse circulation (RC) drilling at the Faré prospect at the Senala gold project, Senegal. RESULTS The company’s joint venture partner and operator IAMGOLD Corporation, currently in Year 4, has the option to spend up to US$8 million to earn a 70% interest. Oriole said that […]
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 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 […]