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Encouraging Phase 1 Trenching Results, Cameroon
Encouraging Phase 1 Trenching Results, Cameroon.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9521R Oriole Resources PLC 06 March 2019 \n\nOriole Resources PLC \n('Oriole Resources' or 'the Company')\n \nEncouraging Phase 1 Trenching Results at Bibemi Gold Project, Cameroon \n \nOriole Resources, the AIM-quoted exploration company operating in Africa and Europe, is pleased to provide an exploration update for Cameroon, where it is earning up to a 90% interest in the Bibemi and Wapouzé gold projects. In Q4-2018, the Company reported rock-chip sampling results for Bibemi that demonstrated high-grade gold anomalism extending over c.4 km strike (announcement dated 27 November 2018). \n \nInitial results announced today from a follow-up Phase 1 trenching programme at Bibemi have confirmed multiple zones of orogenic-style gold mineralisation, including 6m @ 3.02 g/t Au, with individual veins returning up to 13.70 g/t Au. The programme is now complete with remaining results anticipated later this quarter / early Q2. Infill Phase 2 trenching will commence shortly for a planned 4,360m. \n \nAt the earlier-stage Wapouzé project, c.20km to the north-east, systematic soil sampling has recently been completed and results for a 2,119 soil samples and 146 rocks samples are expected later this month.\n \n \nHighlights:\n· Phase 1 trenching and geological mapping completed for 8,742m over two key zones at Bibemi;\n· Results received for an initial 13 trenches - confirm multiple zones of orogenic-type gold mineralisation within a dominant NE-trending shear zone. Best results include (0.10 g/t Au cut-off):\no 6m @ 3.02 g/t Au (BT-010);\no 1.4m @ 6.31 g/t Au and 1.2m @ 1.48 g/t Au (BT-005);\no 2m @ 0.86 g/t Au (BT-002);\no 2m @ 0.87 g/t Au (BT-007);\no 4m @ 0.76 g/t Au (BT-008);\no 2m @ 0.76 g/t Au (BT-013).\n· Channel sampling of individual veins within these trenches has returned grades of up to 13.70 g/t Au from amphibolite-hosted quartz and quartz-tourmaline veins, commonly associated with sericite-chlorite-epidote alteration;\n· Highest grades yielded from moderate to steeply-dipping N-S oriented structures, which cross-cut the main NE-shear foliation. However, there is also some evidence for mineralisation in more shallow-dipping (c.30 degre...