Business
Cameroon Update
Cameroon Update.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6917H Oriole Resources PLC 19 November 2018 \n\nOriole Resources PLC \n('Oriole Resources' or 'the Company')\n \nCameroon Update: Completion of in-Country Prep Lab \nand Commencement of Trenching at Bibemi\n \nOriole Resources, the AIM-quoted exploration company operating in Africa and Europe, is pleased to provide an update on its activities in Cameroon, following the signing of an option agreement ('Option Agreement') on two early stage gold projects, Bibemi and Wapouzé, earlier this year (Announcement dated 12 June 2018). The Company's local Cameroonian partner, Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques SARL ('BEIG3') has recently completed the installation of a sample preparation laboratory in Yaoundé and a total of 454 rock samples collected during July and August have now been prepared at the new lab and sent for gold analysis at Bureau Veritas in Cote d'Ivoire ('Bureau Veritas'). A 5,500 m initial trench programme is now underway at the more advanced Bibemi licence ('Bibemi'), where previous operator Reservoir Minerals Inc. ('Reservoir') had identified three parallel mineralised trends over a strike distance of c.20km. \n \nHighlights\n- Local partner BEIG3 has completed the installation of a sample prep laboratory in Yaoundé, at no cost to Oriole. The laboratory will result in significant cost savings across the life of the programme;\n- Mapping and rock sampling completed on Bibemi during July and August - 454 rock samples have been prepared at the new laboratory and dispatched to Bureau Veritas; results expected next month;\n- Follow-up trenching has commenced at Bibemi:\no 5,500 m Phase 1 infill and extensional trenching programme currently testing two priority zones within the central Bakassi zone on 200 m spacing - results anticipated in Q1-19; \no More detailed Phase 2 infill trenching to be conducted in Q1-19 over the 2 priority zones at a 100 m spacing to enable better delineation of key mineralised veins; \n- Systematic soil sampling to commence at Wapouzé licence ('Wapouzé') next month.\n \nOriole CEO Tim Livesey, said: \"We are very pleased that BEIG3 has completed the installation of a sample ...