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New Targets Identified from Soil Sampling at Mbe
New Targets Identified from Soil Sampling at Mbe.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nOriole Resources PLC \n('Oriole Resources' or 'Oriole' or 'the Company')\n \n Mbe Exploration Update: New Targets Identified from Soil Sampling, and Two\nTrenching Programmes Completed at MB01 Prospect\n \nOriole Resources (AIM: ORR), the AIM-quoted gold exploration company focussed on West Africa, is pleased to provide an exploration update for its 80%-owned Mbe gold project in the Adamawa region of Cameroon ('Mbe' or the 'Project'), where BCM International Limited ('BCM') is currently funding up to US$4 million in exploration expenditure.\nMbe is just one of five licences within the Company's broader package of contiguous exploration licences, the 'Eastern CLP', which covers 2,266 square kilometres ('km2') of ground prospective for gold deposits.\n \nHighlights\n \n· Earlier this year, an infill soil sampling programme over the MB01 prospect ('MB01' or the 'Prospect', encompassing MB01-N and MB01-S targets), had confirmed gold ('Au') anomalism of up to 8.17 grammes per tonne ('g/t').\n· Latest results from a second infill soil sampling programme over the wider Mbe licence area have identified three further zones of gold anomalism to the east of MB01, being MB02, MB03 and MB04, with results up to 0.28g/t Au.\n· Whilst initial results are lower than at MB01, these results are still highly anomalous for soils and therefore all three zones present attractive targets for potential satellite deposits to the main MB01 prospect. \n· Two phases of trenching at MB01-N and MB01-S have been completed, totalling 7,055 metres ('m'), comprising:\no A maiden trenching programme of 5,338m over nine trenches, approximately 200m apart.\no A further seven trenches for 1,717m, which have infilled the above spacing to 100m apart.\n· Initial results are anticipated in Q3-2024, and the Company anticipates commencing a maiden drilling programme in the 2024/25 field season.\n \nChief Executive Officer of Oriole Resources, Martin Rosser, said: \"The latest soil sampling results at Mbe, and the new targets generated for potential satellite deposits to the main MB01 prospect, are most encouraging. Separately, we look forward to reporting the results and geological interpretation from the recently compl...