Business
AC Drilling to Re-Start at Senala Gold Project
AC Drilling to Re-Start at Senala Gold Project.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6387E\n Oriole Resources PLC\n 09 November 2020\n \n \n \n Oriole Resources PLC\n ('Oriole' or 'the Company' or 'the Group')\n \n Air Core Drilling to Re-Start at the Senala Gold Project, Senegal\n \n \n \n \n Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to announce that its joint venture partner \n IAMGOLD Corporation ('IAMGOLD') will shortly restart its\n 10,000 metre ('m') air core ('AC') drilling campaign at the Senala project ('Senala' or the 'Project') in Senegal. \n Prior to the seasonal rains, IAMGOLD had already completed 1,300m AC drilling at the northernmost Faré prospect and will resume its programme there later this month. \n \n \n \n \n \n Initial results from the programme are anticipated in the first quarter of 2021. Ahead of these new results, the Company has recalculated all historic reverse circulation ('RC') and diamond drilling results for Faré from Stratex International's programmes in 2013 and 2014, using a 0.3 gramme per tonne ('g/t') gold ('Au') cut off and 3m maximum consecutive internal dilution. Best results include 20m grading 31.13 g/t Au including 10m grading 60.98 g/t Au from RC drilling and \n 59.60m grading 2.20 g/t Au and 49.50m grading 1.75 g/t Au from \n diamond drilling.\n \n \n \n \n \n Under the terms of the option agreement, IAMGOLD is approaching the end of its Year 3 commitment to \n spend up to US$8 million to earn a 70 per cent interest in Senala. \n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n IAMGOLD completed 1,300m AC drilling at the Faré prospect during June and July 2020;\n \n \n · \n Recommencement of the planned 10,000m programme later this month;\n \n \n · \n Review and recalculation of all historic RC and diamond drilling results has returned exceptional results, including:\n \n \n o \n 20.00m grading 31.13 g/t Au from 18.00m, including 10.00m grading 60.98 g/t Au (FARC-00007);\n \n \n o \n 10.00m grading 2.34 g/t Au from 50.00m, including 6.00m grading 3.50 g/t Au (FARC-00001);\n \n \n o \n 23.40m grading 1.84 g/t Au from 68.60m (FADD-00001);\n \n \n o \n 14.00m grading 2.94 g/t Au from 11.10m (FADD-00002);\n \n \n o \n 59.60m grading 2.20 g/t Au from surface (FADD-00003);\n \n \n o \n 42.00m grading 1.36 ...