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Drilling Confirms Visible Gold at Lawa Prospects
Drilling Confirms Visible Gold at Lawa Prospects.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1848V\n Oriole Resources PLC\n 12 April 2021\n \n \n \n \n Oriole Resources PLC \n \n \n ('Oriole Resources' or 'the Company' or 'the Group')\n \n \n \n \n \n Bibemi Drilling Confirms Visible Gold at Lawa Prospects \n \n \n \n \n \n \n \n \n Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa,\n is pleased to provide an update on the ongoing maiden diamond drilling programme, for a planned \n 3,080 metres in 28 holes,\n at its 51%-owned Bibemi gold project ('Bibemi') in Cameroon. \n \n \n \n \n \n The programme is focussed on testing the depth extension of surface gold mineralisation identified at four key prospects - Bakassi Zone 1, Bakassi Zone 2, Lawa West and Lawa East - within a c.8.3-kilometre-long orogenic gold system that remains open to the southwest. Previous surface exploration programmes have returned up to 135.40 grammes per tonne ('g/t') of gold ('Au') from selective rock-chip sampling (announcement dated 27 November 2018) and 9 metres grading 3.14 g/t Au from trench sampling (announcement dated 21 May 2019).\n \n \n \n \n \n The Company today reports that visible free gold mineralisation has been identified in multiple holes; at the Lawa West prospect (hole BBDD019) and the Lawa East prospect (holes BBDD014 and BBDD020), both located towards the southern extent of the system. The gold is hosted by quartz-tourmaline veins up to 1 metre wide, at a downhole depth of approximately 70 metres, and has a strong association with pyrite, occurring as both finely disseminated and coarser grains, some of which is visible in the pre-cut core in holes BBDD019 and BBDD020. As at Bakassi Zone 1, for which initial results have recently been reported (announcement dated 31 March 2021), holes were predominantly drilled at an inclination of -50 degrees towards the northwest, in order to intersect the dominantly northeast trending (and steeply southeast-dipping) structure. However, at Lawa West and Lawa East, there is a second east-northeast trending shear that intersects the first and appears to have a strong control on the grade distribution in the area. \n \n \n Photos of the mineralisation observed downhole, with areas of visible gold highlighted (covering holes BBDD014, BBDD019 and BBDD020) can be viewed at the fo...