Business
Expansion of Planned Drill Programme at Bibemi
Expansion of Planned Drill Programme at Bibemi.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 3615M\n Oriole Resources PLC\n 11 May 2020\n \n \n \n Oriole Resources PLC\n \n ('Oriole' or 'the Company')\n \n Expansion of Planned 2020 Drill Programme at Bibemi\n \n \n \n \n Oriole Resources PLC, the AIM-quoted exploration company focussed on West Africa, is pleased to provide an update on its Bibemi gold project in Cameroon\n . \n The project is held by Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques SARL ('BEIG3'), through its wholly-owned subsidiaries Reservoir Minerals (BVI) Cameroon and Reservoir Minerals Cameroon Sarl ('RMC'). Results from the exploration programme\n in Q4-2019 (Announcement dated 22 January 2020), have enabled the Company to expand its planned 2020 drilling campaign at the \n Bakassi Zone ('Bakassi Zone' or the 'Prospect') to almost 2,000 metres ('m')\n . \n The Company plans to commence its maiden drilling programme later this year, subject to easing of COVID-19 related travel restrictions. \n \n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n Planned diamond drilling programme expanded to 1,940 metres (17 holes) at Bakassi Zone;\n \n \n ·\n Three new holes designed to intersect, at depth, mineralised stacked veins were identified during Q4-2019 programme that returned up to 35.86 grammes per tonnes ('g/t') gold ('Au') at surface\n \n \n · \n One hole planned to test historic RMC trench which reported a best intersection of 38.00 metres grading 2.21 g/t Au\n \n \n · \n Further detailed mapping of the northern Bakassi Zone is intended before drilling, with the aim of expanding the planned drill programme to a full 3,000m\n \n \n · \n Maiden drill programme anticipated late 2020\n \n \n \n \n \n \n \n \n Oriole CEO Tim Livesey, said: \n \n \n \n \"Results to date have defined significant gold mineralisation over a strike of more than five kilometres at Bakassi and we already have a good understanding of the mineralising systems in two dimensions. With a c.2,000m drilling programme already in sight, we are looking forward to testing the system in the third dimension during H2 and recommencing our fieldwork in Cameroon as soon as the current global situation allows.\n \"\n \n \n \n \n \n \n \n \n Further Details\n \n \n In Q4-2019, the Compan...