Business
Further Gold Results and Exploration Target at Mbe
Further Gold Results and Exploration Target at Mbe.
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 \nFurther Gold Results and Commencement of Exploration Target Estimation at Mbe\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 (the 'Project') in Cameroon, including further positive drill results and commencement of a JORC Exploration Target study for the MB01 prospect.\n \nHighlights\n \n· Results from drill hole MBDD013 have delivered further mineralised gold ('Au') intersections from the maiden ('Phase 1') drilling programme (using a 0.20g/t Au lower cut-off grade; see Figures 1 & 2 and Table 1 below), including:\n \no 2.00m at 3.21g/t Au from 149.00m, including 1.00m at 6.03g/t Au\no 6.35m at 0.52g/t Au from 3.80m, including 2.00m at 1.03g/t Au\no 1.00m at 3.24g/t Au from 128.10m\n \n· Hole MBDD013 was drilled at the western limit of fence line N872582, which also has delivered several wide zones of gold mineralisation including 21.30 m at 1.61g/t Au from 2.40m in hole MBDD012.\n \n· The fully funded Phase 1 drilling programme at the MB01-S target is over 70% complete, with 4,918.90m drilled to date, and with 16 holes (MBDD001 - MBDD016) completed and a seventeenth hole (MBDD017) in progress. Results for holes MBDD014 to MBDD017 are anticipated in Q3 2025.\n \n· Results reported to date have confirmed sub-surface mineralisation over a strike length of at least 200m, a width of up to 400m and to a vertical depth of at least 290m. The system remains open in all directions and at depth.\n \n· Results for holes MBDD001 to MBDD013, as well as results fro...