5th Jan 2022 17:17
(Alliance News) - Oriole Resources PLC released soil sample results for its 90% owned Bibemi gold project in Cameron, returning up to 271 parts per billion and extending one of the prospects.
Shares in the explorer of minerals in Senegal and Cameroon closed 3.6% higher at 0.36 pence on Wednesday afternoon in London.
The results will extend its project in Bakassi Zone 1 by three kilometres to the southwest, connecting it to the Lawa West prospect.
"We're pleased to see that these results have demonstrated a clear continuity of gold anomalism between the Bakassi Zone 1 and Lawa West prospects, despite there being only limited veins outcropping at surface. The gold system at Bibemi is now confirmed over a strike length of almost 12km at surface. A trenching programme will now be designed over the strongest anomalies at Lawa West and Lawa East, to help identify potential drilling targets to follow the pilot campaign completed last year," said Executive Director Claire Bay.
Oriole expects to report on results from Phase three diamond drilling in Bakassi Zone 1 in the first quarter of 2022.
By Elizabeth Winter; [email protected]
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