Business
Mbe Exploration Update, Cameroon
Mbe 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 \nMbe Exploration Update, Cameroon\n \nOriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, provides an exploration update on its Mbe prospect ('Mbe' or the 'Prospect'), where a pilot channel-chip sampling programme has been completed. Mbe, which is part of the Eastern CLP project ('Eastern CLP', or the 'Project') within its 90%-owned, district-scale Central Licence Package ('CLP') in Cameroon. The CLP covers Paleo-Proterozoic to Pan-African age rocks that are highly prospective for a range of commodities, including orogenic-style gold mineralisation and lithium.\n \n \n \nHighlights\n \n· In Q1-2023, selective rock-chip sampling at Mbe delivered 17 samples grading over 1 g/t Au from a north-northeast trending structural corridor that cross-cuts a broader 12km-long anomaly. The corridor is 3km-long and at least 70m-wide;\n· Mineralised veins within this corridor returned grades of up to 134.10 g/t Au;\n· Minor artisanal workings have exposed narrow trench-like profiles at six locations over a 200m strike length of one of the shear veins in the main corridor, which has enabled the collection of channel-chip samples on lines that are perpendicular to the dominant north-east shear trend;\n· Steeply-dipping, shear-parallel, massive silica veins are observed over zones up to 3m wide, with strong alteration extending into the wall rock. These zones are intersected by narrower (up to 1m wide), extensional quartz veins that are steeply dipping to the northeast and typically trend north-west;\n· Both structures have abundant sulphides, predominantly pyrite, and visible gold has been observed in the extensional veins;\n· A total of 22 (including QAQC) channel-chip samples have been collected and will now be sent for analysis, with results anticipated in Q3-2023;\n· A full interpretation of data from the recently-completed ground-based geophysics programme is also anticipated during Q3-2023 and will assist with the identification of these and other structures at depth to enable development of the geological model;\n· The deep weathering profil...