Business
First Results from MB01-N Drilling
Oriole Resources PLC has announced significant gold intersections from the first two drill holes at the MB01-N target in Cameroon, with MBDD026 returning 21.70m at 3.13g/t Au, including 7.20m at 8.19g/t Au and a high-grade interval of 1.00m at 42.50g/t Au, and MBDD025 intersecting 16.20m at 0.77g/t Au. The drilling programme, which is 46% complete and expected to finish in Q1 2026, aims to convert an existing exploration target of 15Mt to 20Mt at 0.77 to 0.94g/t Au into a resource. Upon completion, the company's partner will acquire a 50% interest in the Mbe licence. Disclaimer*
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \nOriole Resources PLC\n(\"Oriole Resources\" or the \"Company\")\n \nFirst Results from MB01-N Drilling\nFirst two drill holes have both returned significant gold intersections\n \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 gold project in Cameroon (\"Mbe\" or the \"Project\"), where it has received the first results from the ongoing 2,950m maiden diamond drilling programme at the MB01-N target (the \"Programme\"). \nHighlights\n \n· The first two drill holes at MB01-N have both returned significant gold intersections including:\n \nMBDD026\no 21.70m at 3.13g/t Au from 86.80m, including 7.20m at 8.19g/t Au and containing 1.00m at 42.50g/t Au\no 4.00m at 1.52g/t Au from 41.80m\n \nMBDD025\no 16.20m at 0.77g/t Au from 37.20m, including 10.10m at 1.08g/t Au\n \n· The initial geological and structural interpretation indicates that MB01-N shows many similarities with MB01-S, further supported by the comparable mix of narrow high-grade intervals within wider lower-grade envelopes.\n \n· The high-grade mineralisation is controlled by NNW-trending breccia zones formed by intersecting structures and therefore the mineralised zones within the two holes, which are located approximately 200m apart, may be linked and continuous along strike.\n \n· The fully funded MB01-N drilling programme is approximately 46% complete, with six holes drilled, a seventh underway and is expected to be finished in Q1-2026.\n \nChief Executive Officer of Oriole Resources, Martin Rosser, said: \"Results from the first two holes at the MB01-N target have delivered tremendous substantial widt...