RE: cash £2.3M ($3.5m USD)11 Feb 2022 16:12
Oriole Resources PLC
Bonanza gold grades intersected at Bibemi
Oriole has reported results from the recently completed Phase 3 drilling at the company’s 90%-owned
Bibemi gold project in Cameroon. The follow-up diamond drill programme focused on the Bakassi
Zone 1 prospect, intersected numerous high-grade intervals including “bonanza grades”. Standout
results include 9.2m at 1.31g/t Au, 2.1m at 19.04g/t Au including a bonanza intersection of 1.1m at
36.06g/t Au. Oriole says the results support the future potential to outline a JORC-classified
Exploration Target.
? Phase 3 drilling. Oriole reported results from Phase 3 drilling amounting to 9 diamond drill holes
for 1,385.4m at the company’s 90%-owned Bibemi gold project in Cameroon. This follows Phase 1
(29 holes, 3,118m at 4 prospects: Bakassi Zone 1 & 2, Lawa East & Lawa West) in Q2-21 and Phase
2 (11 holes, 1,650.70m at Bakassi Zone 1) in Dec 2021. The Phase 3 programme of extensional and
in-fill drilling focused on the Bakassi Zone 1 prospect, targeting the widest zones of veining that are
interpreted to reflect more dilational parts of the system, where there has been enhanced flow of
mineralising fluids and is therefore more prospective for gold precipitation.
? Results and best intersections. Significant gold intersections were returned from 7 holes
demonstrating two different styles of mineralisation; narrow high-grade intervals e.g. 2.1m at
19.04 g/t Au inc. 1.1m at 36.06 g/t Au, 1.1m at 17.7g/t Au and 2.5m at 8.9g/t Au inc 1.3m at
16.77g/