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Exploration Confirms Significant Gold Anomalism
Exploration Confirms Significant Gold Anomalism.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1108F Oriole Resources PLC 25 October 2018 \n\n25 October 2018\n \n \nOriole Resources PLC \n('Oriole Resources' or 'the Company')\n \nExploration Confirms Significant Gold Anomalism at Dalafin\n \nOriole Resources, the AIM-quoted exploration company operating in Africa and Europe, is pleased to announce results of systematic Air Core ('AC') drilling at its 85%-owned Dalafin project in the Kédougou-Kéniéba inlier of eastern Senegal, where IAMGOLD Corporation ('IAMGOLD') has the option to spend US$8M to earn a 70% interest (announcement dated 1 March 2018). In Q2 2018, IAMGOLD commenced a fully carried multi-phase drilling programme on the southernmost Madina Bafé prospect (announcement dated 31 May 2018) which lies c.12km to the west-northwest of IAMGOLD's 2.49Moz (Indicated) Boto gold project ('Boto'), where the geological setting is similar, including the presence of quartz-tourmaline veins. IAMGOLD's recently completed Feasibility Study at Boto has delivered significantly improved project economics and it will shortly apply for a mining licence (IAMGOLD announcement dated 22 Oct 2018). \n \nHighlights\n· 2,428m AC drilling completed in 552 holes at Madina Bafé propsect;\n· Best results include 2.48 g/t Au and 0.66 g/t Au;\n· Broadly WNW-trending anomaly (>20ppb Au) identified over 1.5 km in south-east of Madina Bafé - coincident with bismuth and molybdenum amonalism and confirms mineralised trend previously reported by Oriole;\n· Second N-S trending gold anomaly (>20 ppb Au) located 2 km to the NW extends over 400 m and has confirmed earlier termite anomalism reported by Oriole;\n· Sampling of artisanal mining sites during AC drill pad construction has returned 4.11 g/t Au, 1.2 g/t Au and 0.59 g/t Au from grab samples of sheared quartz-tourmaline veins within a granite-granodiorite contact in the north-east;\n· 3,000m reverse cirulation ('RC') drilling programme to commence in November to test newly generated targets as well as along strike from mineralised holes previously reported by Oriole;\n· 500m follow-up diamond drilling will be conducted to confirm higher grade results from Oriole's ...