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New Mineralised Zone identified at Lawa West
New Mineralised Zone identified at Lawa West.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nOriole Resources PLC \n('Oriole Resources' or 'the Company' or 'the Group')\n \nNew Mineralised Zone identified at the Lawa West prospect, within the Bibemi licence area in Cameroon\nRock-chip vein samples of up to 54.50g/t gold\n \nOriole Resources PLC (AIM: ORR), the AIM-quoted gold exploration company focussed on West and Central Africa, is pleased to announce an update for its 82.2%-owned Bibemi orogenic gold project ('Bibemi' or the 'Project') in Cameroon, where BCM International Limited ('BCM') is currently funding up to US$4 million in exploration expenditure in return for up to a 50% interest in the Project.\nHighlights\n \n· Recent mapping within the wider Bibemi licence has extended the mineralised strike length of the Lawa West prospect to 6 kilometres ('km').\n· Results from 163 selected vein rock-chip samples have returned 17 samples grading over 0.5 grammes per tonne ('g/t') gold ('Au') from quartz vein material, with best results of 54.50g/t Au and 38.40g/t Au.\n· Mineralised quartz and quartz-tourmaline veins outcrop in the same litho-structural setting as the main Bakassi Zone 1 prospect ('Bakassi Zone 1' or 'BZ1'), where the Company has defined a maiden Mineral Resource Estimate ('MRE') of 375,000 contained troy ounces ('oz') grading 2.30g/t Au.\n· The total confirmed mineralised trend at Bibemi now stands at 17 km.\n· A number of north-east trending mineralised potential corridors have been outlined, presenting further opportunities for drill testing and future resource definition.\n· Follow-up work will be considered as part of future programmes at the Project.\n \nChief Executive Officer of Oriole Resources, Martin Rosser, said: \"The results reported for Lawa West are encouraging as they significantly expand the potential mineralised corridor length of the prospect, and the overall system at Bibemi. More generally, this bodes well for the discovery of additional sources of mineralised material on the Project licence that could be processed at a central mineral processing plant at Bibemi.\"\n \n\nFigure 1. Rock-chip sampling results at Lawa West, on mapped geology. Interpreted mineralised corridors are bound by red dashed lines.\n \nFurther Det...