Business
Interim Results for the period ended 30 June 2021
Interim Results for the period ended 30 June 2021.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6691J\n Oriole Resources PLC\n 25 August 2021\n \n \n \n \n Oriole Resources PLC \n \n \n ('Oriole', 'the Company' or 'the 'Group')\n \n \n \n \n \n Interim Results for the six-month period ended 30 June 2021\n \n \n Oriole Resources PLC, the AIM-quoted exploration company focussed on West Africa, announces its unaudited Interim Results for the six-month period ended 30 June 2021 (the 'Period').\n \n \n Operational Highlights:\n \n \n \n \n \n · \n \n Cameroon, Bibemi\n \n - during the Period, the Company executed its maiden drilling campaign at the Bibemi gold project and confirmed sub-surface gold mineralisation at all four prospects (announcement dated 29 June 2021). The widest intersections were returned from the Bakassi Zone 1\n prospect ('Bakassi Zone 1'), with the most encouraging intervals including 2.45 metres ('m') grading 2.96 grammes per tonne ('g/t') gold ('Au'), 3.60 m grading 1.75 g/t Au and 12.40 m grading 0.71 g/t Au; \n \n \n \n \n \n · \n \n Cameroon, Central Licences\n \n - the Company and its partner received approval for a package of eight licences covering 3,592 square kilometres ('km2') in the centre of Cameroon (announcement dated 3 February 2021). The team has since completed a remote sensing study across the licences that identified 12 initial gold targets (announcement dated 18 February 2021), and has completed 64% of a package-wide mapping and stream sediment sampling programme (announcement dated 2 August 2021). The programme has now been completed over the five easternmost licences (announcement dated 19 August 2021). Results from 376 samples across the first two licences gave 51 samples above 5 parts per billion ('ppb') Au with one result of 95 ppb Au. Further results from these first five licences, including multi-element assays, are anticipated later this quarter. The rest of the programme is due for completion in Q4; \n \n \n \n \n \n · \n \n Senegal, Senala \n \n - Canadian mid-tier IAMGOLD Corporation ('IAMGOLD') moved into Year 4 of its earn-in at the Company's Senala project, with a planned expenditure of US$1.8 million before the end of February 2022. It has recently completed\n 689.50 m of diamond drilling and 4,854 m of reverse circulation ('RC') drilling at the Faré prospect, with best reported results ...