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IAMGOLD Completes AC Drilling at Madina Bafé
IAMGOLD Completes AC Drilling at Madina Bafé.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8113H Oriole Resources PLC 05 August 2019 \n\nOriole Resources PLC \n('Oriole Resources' or 'the Company')\n \nIAMGOLD Completes AC Drilling at Madina Bafé\n \nOriole Resources, the AIM-quoted exploration company operating in Africa and Europe, is pleased to provide an exploration update on its 85%-owned Dalafin gold project (\"Dalafin\" or the \"Project\") located in the Kédougou-Kéniéba inlier of eastern Senegal, where IAMGOLD Corporation (\"IAMGOLD\") has the option to spend up to US$8M to earn a 70% interest (announcement dated 1 March 2018). \n \nIAMGOLD has completed 4,167 metres (\"m\") of a planned 5,000m programme of shallow aircore (\"AC\") drilling at the Madina Bafé prospect (\"Madina Bafé\" or the \"Prospect\") as part of its Year 2 commitment (announcement dated 28 February 2019). Results include a best grade of 235 parts per billion (\"ppb\") gold (\"Au\") and have outlined multiple new anomalies in the south of the Prospect as well as in a new area several kilometres (\"km\") to the north. The programme has now stopped for the wet season and will resume in October. \n \nHighlights:\n· IAMGOLD has completed regional AC drilling at Madina Bafé for 4,167m to intersect the weathered profile; \n· Results for 869 holes have identified multiple new >20 ppb Au anomalies, including:\no 3.5km long1 northeast-trending anomaly in the south of the Prospect - related to a previously-defined 0.4km anomaly (>50 ppb Au) c.1km to the southwest;\no 2km long northeast-trending anomaly in the north of the Prospect, related to cross-cutting zones of higher-grade anomalism;\n· Best results include 235 ppb Au, 157 ppb Au, 138 ppb Au, 104 ppb Au and 99 ppb Au;\n· US$1m Year 2 work programme will continue in October, including (subject to ongoing results):\no 4,000m reverse circulation ('RC') drilling at Madina Bafé to follow-up on best results to date; \no 2,500m regional AC drilling at Saroudia prospect, c.2 km to the north west; \no Subsequent 1,600m RC drilling at Saroudia to follow-up on best AC results.\n \n_____________\n1 discountinuous due to lack of sample recovery. \n \nOriole Resources CEO, Tim Livesey, said: \"We are v...