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An update from Oriole Resources PLC ( (GB:ORR) ) is now available.
Oriole Resources PLC has announced a maiden JORC Mineral Resource Estimate for the MB01-S zone at its Mbe orogenic gold project in Cameroon, revealing 870,000 ounces of contained gold at a grade of 1.09g/t. This estimate surpasses previous exploration targets and indicates significant potential for expansion, with both MB01-S and the nearby MB01-N zone remaining open for further exploration. The company is considering the potential for an open pit gold mine, highlighting the project’s promise for substantial gold deposits in Cameroon.
More about Oriole Resources PLC
Oriole Resources PLC is a gold exploration company listed on AIM, focusing on projects in West and Central Africa. The company is primarily engaged in the exploration and development of gold resources, with a significant project in Cameroon.
Average Trading Volume: 81,302,524
Technical Sentiment Signal: Buy
Current Market Cap: £12.37M
See more data about ORR stock on TipRanks’ Stock Analysis page.