Business
Lithium Exploration Update, Cameroon
Lithium Exploration Update, Cameroon.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nOriole Resources PLC \n('Oriole Resources' or 'the Company' or 'the Group')\n \nLithium Exploration Update, Cameroon\n \n \nOriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, provides an exploration update on the lithium potential within its 90%-owned Central Licence Package ('CLP') project in Cameroon. The district-scale CLP project comprises nine contiguous licences covering 4,091 square kilometres ('km2') of previously unexplored Paleo-Proterozoic to Pan-African age rocks that are highly prospective for a range of commodities, including orogenic-style gold mineralisation and lithium. Two of the CLP licences, Ndom and Gamboukou, are being assessed for their potential to host hard rock lithium.\n \n \nHighlights\n \n· In November 2022, the Company reported that anomalous geochemical data from its soil sampling programmes had identified lithium-in-soil anomalism at the Ndom licence, which appeared to be associated with geological units mapped regionally as porphyritic granitoid;\n· In the same month, the Company secured the Gamboukou licence, immediately to the south of Ndom on the basis of it having similar lithium-prospective geology; \n· Pegmatite veins within the granitoids and the older basement rocks have been confirmed within both the Ndom and Gamboukou licence areas;\n· A total of 105 rock-chip samples (including QAQC) from Ndom targeted pegmatite veins that are up to 1.5 metres ('m') wide were analysed for a multi-element suite and have returned a maximum lithium value of 39.5 parts per million ('ppm');\n· Further analysis was completed on 11 rock chip samples (including QAQC), including the 39.5 ppm sample (NDR0085), using an alternative methodology and has returned a maximum value of 35 ppm lithium, also from sample NDR0085;\n· Technical studies to assess the mineralogy of the pegmatites to help understand the mineralogy and potential lithium-bearing minerals are on-going;\n· Mapping and sampling programmes have been designed for the next field season and the Company is currently seeking an investment partner for lithium.\n \n \nOriole Resources CEO, Tim Livesey, said: \"Whilst it's ...