Oriole Resources PLC - gold exploration company focused on Cameroon and Senegal - Provides update on 90%-owned Bibemi gold project in Cameroon. Finds up to 76.67 grammes of gold per tonne at BBDD034 extension. Adds that phase 4 drilling delivers a number of "significant" intersection. "Results prove the existence of multiple grade-bearing, sub-horizontal veins in addition to the previously tested sub-vertical veins," Oriole says.
Chief Executive Officer Tim Livesey comments: "Cameroon is truly delivering on its promise as a new frontier for gold exploration...The geological information acquired at Bibemi will provide an invaluable baseline for our future work on the central license package and so we look forward to the upcoming field season at both projects."
Current stock price: 0.18 pence, up 18% on Thursday
12-month change: down 62%
By Tom Budszus; tombudszus@alliancenews.com
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Oriole (ORR)