17th Sep 2021 18:24
Oriole Resources PLC - mineral explorer in Senegal and Cameroon - Reports results for the final four holes of phase one reverse circulation drilling at the Fare prospect, with the best intersections including 8.00 metres grading 1.00 grams per tonne of gold from 112.00 metres including 1.00m grading 2.22 g/t of gold.
In addition, initial results from phase two drilling at Madina Bafe, where 3,111 metres of a planned 5,000 metres have been completed to date. The rest of the programme will be completed in the fourth quarter of 2021, after seasonal rains have eased.
"We are very pleased to see the continuation of mineralisation being evidenced by the second line of RC drilling at Fare Far South, some 300m from the previously announced intersections. This gives support to our idea that there are opportunities for multiple pods of mineralisation along the 6.3 kilometre Fare trend, which could be combined to provide sufficient resources for a stand-alone development target," says Chief Executive Officer Tim Livesey.
Current stock price: 0.44 pence, down 8.4%
Year-to-date change: down 2.2%
By Dayo Laniyan; [email protected]
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