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Gold Targets Identified in Central Licence Package
Gold Targets Identified in Central Licence Package.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1287O\n Oriole Resources PLC\n 06 October 2021\n \n \n \n \n Oriole Resources PLC \n \n \n ('Oriole Resources' or 'the Company' or 'the Group')\n \n \n \n \n \n Multiple Gold Targets Identified in eastern Central Licence Package, Cameroon\n \n \n \n \n \n Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to provide an update on its 90%-owned Central Licence Package ('CLP' or the 'Package') in Central Cameroon. The district-scale CLP comprises eight contiguous licences covering \n 3,592 square kilometres ('km\n \n \n 2\n \n \n ') of previously unexplored \n Paleo-Proterozoic to Pan-African age rocks that are highly prospective for orogenic-style gold mineralisation. For context, the licenced area is \n approximately half the size of the Kédougou-Kéniéba inlier in Senegal, which has a current gold endowment of more than 45 million ounces ('oz'). \n \n \n \n \n \n In Q2 2020,\n the team commenced a Package-wide mapping and stream sediment sampling programme. Following initial positive results for the Niambaram and Tenekou licences (announcement dated 19 August 2021), the Company today reports results for the three easternmost licences, Pokor, Ndom and Mbe. Grades of up to 291 parts per billion ('ppb') gold ('Au') continue to support an association with the northeast-trending \n Tcholliré-Banyo shear zone ('TBSZ'), a key regional control on gold distribution in Cameroon.\n The sampling programme will continue over the three western licences in Q4 2021.\n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n Gold assay results received for 503 stream sediment samples related to the Ndom, Pokor and Mbe licences. \n \n \n · \n Strongly anomalous values returned from all three licences, with 26 samples grading >10 ppb Au and six samples returning >50 ppb Au.\n \n \n · \n The highest reported result of 291 ppb Au was returned from the Ndom licence.\n \n \n · \n Results continue to demonstrate a strong association with the northeast-trending TBSZ corridor and related structures.\n \n \n · \n The 18 targets (>30 ppb Au) identified to date will now be ranked ahead of designing follow-up programmes.\n \n \n · \n Mapping and sampling over the remaining three licences in the west of the Package will resume in Q4 2021....