Oriole Resources emphasizes the significant potential of its Cameroon gold project, reporting promising drilling results from the Mbe gold project. The latest findings include high-grade intervals, enhancing the geological model and forecast for future results. The company maintains a strategic partnership with BCM International as they advance the exploration efforts.
Oriole Resources (AIM:ORR) has unveiled the considerable potential of its gold project located in Cameroon. Martin Rosser, CEO, expressed satisfaction with the encouraging drilling results from the Mbe gold project, which underscore the project’s promising prospects. The recent results showcase high-grade intervals, solidifying the outlook for continued exploration success.
The latest drilling results indicate that hole MBDD003 intersected a notable interval of 4.24 meters at 7.7 grams per tonne (g/t) of gold, which included a remarkable 1.72 meters at 18 g/t, along with other broader zones of lower-grade mineralization. “We are very pleased with these latest results from the second scissor pair of holes at Mbe, which continue to highlight the project’s tremendous potential,” remarked CEO Martin Rosser, further emphasizing the excitement surrounding the high number of intersections achieved thus far in the maiden program.
Currently, the drilling campaign at the MB01-S target has progressed beyond 30% completion, with about 2,200 meters drilled across seven holes. Results indicate gold mineralization extending over a strike length of at least 200 meters, reaching a vertical depth of approximately 290 meters, confirming the project’s viability.
In contrast, hole MBDD004, which was drilled opposite to MBDD003, recorded several gold intersections including 3.00 meters at 0.99 g/t from 143.60 meters and 4.60 meters at 0.53 g/t from a depth of 119.00 meters, showcasing a higher-grade interval of 1.20 meters at 1.38 g/t. Although this hole yielded fewer mineralized intersections, it was crucial for gathering essential structural data to enhance the geological model.
Rosser clarified that the MBDD004’s lower grades were anticipated, as its primary aim was to provide key geological insights. “The purpose of the two pairs of scissor holes was to provide key geological structural information,” he stated, noting that with each drilling cycle, the program’s specifications can be tailored further to refine their geological model.
Oriole Resources has completed two additional drill holes and currently has a third in progress, with further results expected in the second quarter of 2025. The company’s strategy emphasizes high-grade zones within broader, lower-grade gold envelopes, utilizing new data to enhance its exploration approach.
Holding a 90% stake in the Mbe project, Oriole Resources is undertaking the fully funded maiden drilling programme in collaboration with BCM International. BCM has secured an initial 10% interest and aims to earn up to an additional 40% by investing up to $4 million in exploration. Rosser reiterated his confidence in the ongoing drilling endeavors, asserting that forthcoming results will bolster the project’s potential to host significant gold mineralization.
In conclusion, Oriole Resources’ Mbe gold project in Cameroon showcases significant promise following recent drilling results, highlighting high-grade intervals and extended mineralization. Despite varying grades, the findings continue to inform and refine the geological model, supporting an optimistic outlook for future exploration efforts. The partnership with BCM International further enhances the viability of the project as it seeks to uncover rich gold deposits.
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