Announcement Date: 2021-12-20
Announcement Type: Drilling Results
Announcement Code: (no Code)
Company name: Oriole Resources Plc
Project name: Bibemi
Location: Cameroon
Commodities: Gold
Highlight: Drilling results incl. 6.5m @ 3.92g/t Au from 119m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to announce results from the recently completed Phase 2 diamond drilling programme at its 90%-owned Bibemi gold project (‘Bibemi’ or ‘the Project’) in Cameroon. The programme focussed on the Bakassi Zone 1 prospect (‘Bakassi Zone 1’) and has delivered best mineralised intervals of 6.50m grading 3.92 grammes per tonne (‘g/t’) gold (‘Au’) including 1.00m grading 16.79 g/t Au, 5.20m grading 1.97 g/t Au and 2.25m grading 8.82 g/t Au including 1.00m grading 19.33 g/t Au. A follow-up programme of infill and extension drilling (‘Phase 3’) is nearing completion and results are anticipated in Q1-2022. Results from the maiden programme confirmed shear-hosted gold mineralisation at all four prospects with up to 12m-wide zones of mineralisation returned from the southern end of Bakassi Zone 1. Best intersections from that programme included 2.45m grading 2.96 g/t Au, 3.60m grading 1.75 g/t Au and 12.40m grading 0.71 g/t Au, all returned from drilling fence lines BZ1_L6 and BZ1_L7, which are themselves 800m apart.
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