Business
Bibemi Exploration Update
Bibemi Exploration Update.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \n \n \n Oriole Resources PLC \n \n \n \n ('Oriole Resources' or 'the Company' or 'the Group')\n \n \n \n \n \n \n Exploration Update: Bibemi Gold Project, Cameroon -\n \n \n \n \n Potential to Enhance Volume of Mineralised Material at Bakassi Zone 1\n \n \n \n \n \n \n Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa,\n is pleased to provide an exploration update on its 90%-owned Bibemi gold project ('Bibemi' or 'the Project') in Cameroon.\n \n \n \n \n \n The first two holes of the ongoing Phase 4 diamond drilling programme have confirmed the existence of mineralised sub-horizontal quartz veins between the previously defined sub-vertical shear veins. Confirmation of these sub-horizontal veins could be important for building a volume of mineralised material at Bakassi Zone 1, just one of four prospects at the Project.\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n ·\n Two vertical holes, BBDD050 and BBDD052, have been completed at Bakassi Zone 1 as part of an ongoing Phase 4 diamond drilling programme (announcement dated 30 May 2022);\n \n \n ·\n The holes have confirmed the presence of mineralised sub-horizontal quartz veins connecting the already-defined sub-vertical shear veins;\n \n \n ·\n An updated drill plan and cross-section for fence line BZ1_L7\n can be viewed at the following link:\n \n \n http://www.rns-pdf.londonstockexchange.com/rns/8813O_1-2022-6-14.pdf\n \n \n ·\n The results, once received, will have the potential to enhance the volume of the Company's internal three-dimensional geological and mineralisation model for Bakassi Zone 1. The Company is working towards delivery of a JORC classified Exploration Target at Bakassi Zone 1;\n \n \n ·\n Ahead of the upcoming licence renewal process (announcement dated 30 May 2022), the Company hosted a delegation from the Ministry of Mines, where the Minister of Mines, Industry and Technological Development expressed his satisfaction in the work and progress at the Project to date. A news item covering the visit is available at the following link: https://orioleresources.com/investors/interviews/.\n \n \n \n \n \n \n \n \n \n Oriole Resources\n \n \n CEO, \n Tim Livesey\n \n \n , said: \n \n \"\n The successful interse...