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Assaying Method Review for the Mbe Gold Project
Assaying Method Review for the Mbe Gold Project.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nOriole Resources PLC \n('Oriole Resources' or 'the Company' or 'the Group')\n \nAssaying Method Review for the Mbe Gold Project in Cameroon\n \nOriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on West and Central Africa, is pleased to provide an update on its 90%[1] owned Mbe orogenic gold project ('Mbe' or the 'Project') in Cameroon, one of five licences within the Company's district scale Central Licence Package ('CLP'). BCM International ('BCM') has acquired an initial 10% interest in Mbe and is earning up to a further 40% interest by spending up to US$4 million on exploration. \nA fully funded maiden diamond drilling programme is currently underway at the MB01-S target for a planned 6,590 metres ('m') in 24 holes, to follow-up on previously reported highly encouraging results from soil, rock-chip and trench sampling.\n \nHighlights\n \n· The maiden ('Phase 1') drilling programme at MB01-S is approximately 38% complete for a total of 2,543m drilled, with seven holes completed (MBDD001-07) and an eighth hole (MBDD008) in progress.\n· The first four holes (MBDD001 to MBDD004) were drilled as scissor hole pairs to help with the interpretation of the structural controls on mineralisation. All samples were also analysed for gold ('Au') using both photon and fire assaying methods as part of a rigorous study to determine the best method for all future holes based on technical, cost and timeliness aspects.\n· The outcome of that study is that Oriole will use a standard fire assay method at Bureau Veritas in Côte d'Ivoire in future because:\no the results for the two methods were statistically comparable, with any differences considered to be minor and related to natural variation;\no there is a significant cost saving when using fire assay compared to photon assay due to the ability to send much smaller sample sizes for fire assay (60g per sample for fire assay compared to 500g for photon assay, equating to a saving of US$10 per sample);\no there were significant delays experienced at Ghana customs which negated the potential for improved turnaround times for the photon assay method; and\no analysing drill core by fire assay will provide greater continuity...