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Eastern CLP Exploration Update, Cameroon
Eastern CLP Exploration Update, Cameroon.
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 Eastern CLP Exploration Update, Cameroon\n \n \n \n \n \n \n Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, provides an exploration update on the five Eastern CLP licences in Cameroon ('Eastern CLP', or the 'Project'), which form part of its 90%-owned, district-scale Central Licence Package ('CLP') project. The Project covers Paleo-Proterozoic to Pan-African age rocks that are highly prospective for a range of commodities, including orogenic-style gold mineralisation and lithium.\n \n \n \n \n \n Earlier this year, the Company reported rock-chip sampling results of up to 134.10 grammes per tonne ('g/t') gold ('Au') from a three kilometre ('km')-long corridor of sheared and strongly altered quartz-feldspar porphyry ('QFP') and quartz veins at Mbe, being one of five licences within the Eastern CLP (announcements dated 30 January 2023 and 27 February 2023). The Company today reports that it has completed a ground-based geophysics programme over the main target at Mbe and is awaiting multi-element analysis from its lithium-targeting on the Ndom licence, also within the Eastern CLP.\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n ·\n In 2022, a 12.5km-long zone of gold-in-soil anomalism was identified on the Mbe licence. Follow-up selective rock-chip sampling at Mbe has delivered 17 samples grading over 1 g/t Au from a north-northeast trending structural corridor which cross-cuts the broader anomaly. The corridor is 3km-long and at least 70 metres ('m') wide;\n \n \n ·\n Mineralised veins within this corridor returned grades of up to 134.10 g/t Au, and grades of up to 10 g/t Au were also returned from the altered host rocks;\n \n \n ·\n A ground-based geophysics programme has been completed over the entire gold-anomalous zone at Mbe to test the local and regional scale structures at depth and to help develop the geological model;\n \n \n ·\n The survey was conducted by our own field teams at a line-spacing of 100m and has provided high-quality data that will be interpreted to assist with drill target identification;\n \n \n ·\n Elsewhere in the Eastern CLP, mapping and sampling has continued on the Ndom licence, where t...