Oriole Resources Passes 30% Milestone in Maiden Drilling at MB01-N in Cameroon

Oriole Resources PLC ( (GB:ORR) ) has shared an announcement.

Oriole Resources PLC, the AIM-quoted gold explorer active in West and Central Africa, is advancing a portfolio centred on early-stage exploration in Cameroon and Senegal, including substantial JORC-compliant resources and exploration targets at its Mbe, Bibemi and Senala projects, with partners such as BCM International and Managem Group funding significant exploration spend in return for project interests. The company has reported that its fully funded maiden drilling campaign at the MB01-N gold prospect within the Mbe project in Cameroon has passed 30% of the planned 2,950 metres, aiming to convert the existing Exploration Target into a formal resource, with initial assay results expected in the New Year, underscoring steady operational progress that could further de-risk and enhance the value of its flagship asset for shareholders and joint-venture partners.

More about Oriole Resources PLC

Oriole Resources PLC is an AIM-quoted gold exploration company focused on early-stage projects in West and Central Africa, particularly Cameroon. Its flagship Mbe project within the Central Licence Package hosts multi-kilometre gold anomalies, including the MB01-S zone with a JORC Inferred Mineral Resource Estimate of 870,000 ounces at 1.09 g/t gold and the MB01-N zone with an Exploration Target of 370,000 to 605,000 ounces. Oriole also holds a 50% interest in the Bibemi project in Cameroon, where it has reported 460,000 ounces of gold at 2.06 g/t in the JORC Indicated and Inferred categories and has applied for an exploitation licence, and it retains a significant beneficial interest in the Senala gold project in Senegal, alongside additional interests and royalties in East Africa and Turkey.

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