27th Nov 2018 10:30
LONDON (Alliance News) - Shares in Oriole Resources PLC rose on Tuesday after the exploration company reported "excellent results" from its rock-chip sampling programme at the Bibemi project in Cameroon.
Shares were up 31%, trading at 0.44 pence each, on the back of the news.
Oriole said results from the tests conducted on the programme have confirmed significant gold anomalism extending over a 4.0 kilometre strike, mainly from quartz and quartz-tourmaline veins hosted within granodiorite.
Among the highlights, 4 samples returned over 100 grams per tonne of gold, while just 16 samples have returned less than 10 grams per tonne of gold, the company said.
Chief Executive Officer Tim Livesey said: "We are delighted that this early sampling at Bibemi has delivered such high-grade results from what is an initial phase of ground-truthing. The results delivered along the 4.0 kilometre strike only serve to strengthen the rationale for Oriole's investment in this highly prospective region, and we are excited at the prospect of further results from the planned increased in the current trenching programme."
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