| 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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