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Oriole Resources PLC ( (GB:ORR) ) has provided an announcement.
Oriole Resources PLC has announced an updated JORC Exploration Target for the Faré prospect within its Senala gold project in Senegal, estimating a range of 17 to 24 million tonnes at a grade of 0.69 to 0.84g/t Au, translating to 380,000oz to 650,000oz of contained gold. This update, which follows extensive drilling by AGEM, highlights the project’s potential to host a significant gold deposit, enhancing Oriole’s strategic positioning in a region known for major gold discoveries. The company is finalizing a joint venture with AGEM to further explore and define the mineral resource, aiming to capitalize on the project’s proximity to other large gold deposits in Senegal and Mali.
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 involved in the exploration and development of gold resources, with a significant focus on the Senala orogenic gold project in Senegal.
Average Trading Volume: 21,980,224
Technical Sentiment Signal: Sell
Current Market Cap: £8.96M
See more data about ORR stock on TipRanks’ Stock Analysis page.