RE: 2.00-3.00p a share in 2026. Huge resource already and big upside.26 Jan 2026 07:09
Wow absolutely excellent. The value of the existing 870,000oz JORC resource not even factored in yet and the value of that has just shot up significantly this month alone.
· The mineralisation in MBDD027 is interpreted to be the along strike continuation of reported mineralisation in hole MBDD026, 100m to the north. MBDD027 has also confirmed the system at MB01-N to at least 160m vertical depth from surface.
· The fully funded MB01-N drilling programme is now approximately 70% complete, with over 2,000m drilled in ten holes. MBDD034, is nearing completion as a scissor hole that is being drilled towards the east to fully assess structures identified in holes MBDD026 and MBDD032 on the same line.
· The programme is expected to complete later in Q1-2026, after which the Company's consultant will prepare a maiden JORC Resource for the target to add to the existing 870,000oz JORC Resource at the nearby MB01-S deposit.
Chief Executive Officer of Oriole Resources, Martin Rosser, said: "We are pleased to report another set of significant results from the drilling at MB01-N, particularly good is the 16.10m at 2.49g/t Au from 152.40m in hole MBDD027. Moreover, MBDD027 has returned the deepest intersection at MB01-N to date, confirming the system to at least around 160m vertical depth from surface. The programme continues to progress at a good rate and is already over two thirds complete. We look forward to reporting further results over the coming weeks until its completion."