Oriole Resources PLC ( (GB:ORR) ) has issued an update.
Oriole Resources PLC has announced progress in its maiden diamond drilling program at the MB01-S target within the Mbe gold project in Cameroon. The company has completed 38% of the planned drilling, with significant gold mineralized intervals identified. A study on assay methodologies led to the decision to use the fire assay method due to cost efficiency and consistency with previous programs, despite initial trials with photon assay. This strategic choice is expected to enhance operational efficiency and support the estimation of a maiden resource later this year.
More about Oriole Resources PLC
Oriole Resources PLC is a gold exploration company listed on the AIM market, focusing on West and Central Africa. The company is actively involved in the exploration of gold resources, with a significant focus on its Central Licence Package in Cameroon, which includes the Mbe orogenic gold project.
YTD Price Performance: -31.32%
Average Trading Volume: 19,362,137
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.11M
See more data about ORR stock on TipRanks’ Stock Analysis page.