Business
Soil Sampling over High Priority Gold Targets
Soil Sampling over High Priority Gold Targets.
About this update from Oriole Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9901Q\n Oriole Resources PLC\n 02 November 2021\n \n \n \n \n Oriole Resources PLC \n \n \n ('Oriole Resources' or 'the Company' or 'the Group')\n \n \n \n \n \n Soil Sampling to Commence over High Priority Gold Targets at Central Licence Package, Cameroon\n \n \n \n \n \n Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to provide an update on its 90%-owned Central Licence Package ('CLP' or the 'Package') in Central Cameroon, where the team is undertaking systematic and cost-effective exploration. The district-scale CLP comprises eight contiguous licences covering \n 3,592 square kilometres ('km\n \n \n 2\n \n \n ') of \n Paleo-Proterozoic to Pan-African age rocks that are highly prospective for orogenic-style gold mineralisation. Ranking of an initial 18 targets in the east of the Package has identified five Priority 1 zones for follow-up soil sampling.\n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n Five Priority 1 gold zones identified in the east of the Package.\n \n \n · \n Regional-scale (400m by 200m sample spacing) soil grids have been designed to cover these zones to test the footprint of the anomalism. \n \n \n · \n Three of the grids are centred over the northeast-trending Tcholliré-Banyo shear zone ('TBSZ'), which the Company believes is a key control on the gold anomalies identified to date. \n \n \n · \n Sampling of an initial Pilot Area is expected to be completed before the end of the year, with gold results anticipated in early Q1.\n \n \n · \n Mapping and sampling over the remaining three licences in the west of the CLP will resume in Q4 2021. \n \n \n \n \n \n Oriole Resources CEO, Tim Livesey, said\n : \"The initial gold results from the five easternmost CLP licences have allowed us to confirm a substantial area of structural complexity, where at least two main trends or corridors of mineralisation are evident, one broadly following the TBSZ and one approximately perpendicular to this, trending northwest.\n \"The multiple gold anomalies identified within a number of coincident drainage basins associated with these trends, gives us great confidence that this new exploration district has the potential to yield multiple targets along these gold corridors, as we exp...