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Excellent Gold Intersection at Mbe Gold Project
Excellent Gold Intersection at Mbe Gold Project.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nOriole Resources PLC \n('Oriole Resources' or the 'Company' or the 'Group')\n \nExcellent Gold Intersection at Mbe Gold Project in Cameroon\n125 gold-bearing intersections now returned from the first eight drill holes, an incredible discovery rate for a maiden drill programme\nOriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on West and Central Africa, is pleased to provide an update on its 90%[1] owned Mbe orogenic gold project ('Mbe' or the 'Project') in Cameroon, including very significant positive drilling results.\n \nHighlights\n \n· 125 gold-bearing intersections now returned from the first eight drill holes on the Project.\n \n· 2,667.30 metres ('m') of drilling, delivering approximately one gold intersection for every 21m drilled, is an incredible discovery rate for a maiden drilling programme.\n \n· Results from the latest holes drilled, MBDD007 and MBDD008, have returned a further 31 gold ('Au') mineralised intersections (using a 0.20 gramme per tonne ('g/t') Au lower cut-off grade) (see Figure 1 and Table 1 below), including:\n \nMBDD008:\no 86.50m at 1.36g/t Au from 22.00m, including 39.40m at 2.00g/t Au, 6.00m at 2.24g/t Au and 3.00m at 2.32g/t Au\no 8.50m at 2.25g/t Au from 8.20m, including 1.00m at 17.00g/t Au\no 6.00m at 0.56g/t Au from 114.50m, including 2.00m at 1.10g/t Au\no 1.10m at 1.34g/t Au from 140.30m\no 1.00m at 3.62g/t Au from 230.50m\n \nMBDD007:\no 24.20m at 0.45g/t Au from 194.30m, including 3.00m at 1.27g/t Au\no 9.40m at 0.56g/t Au from 80.50m, including 3.20m at 1.09g/t Au\no 4.15m at 0.57g/t Au from 106.40m, including 1.00m at 1.32g/t Au\n \n· The results are hugely significant for the Project and continue to demonstrate wide zones of bulk-tonnage and near-surface gold mineralisation, which could be mineable by open pit. \n \n· The fully funded maiden ('Phase 1') drilling programme at the MB01-S target is approximately 60% complete for a total of 3,912.20m drilled in 12 holes (MBDD001-012) and a thirteenth hole (MBDD013) is in progress.\n \n· Results for holes MBDD009-011 are expected later this quarter, with samples from hole MBDD009 already on the...