RE: Central Cameroon19 Aug 2021 08:28
Oriole Resources CEO, Tim Livesey, said: "The initial results from this first phase of exploration in the Package, associated as it is with the main Tcholliré-Banyo shear zone corridor, supports our hypothesis of the CLP being an area of huge potential for gold exploration. The fact that multiple areas of elevated gold concentrations have been identified in multiple drainage basins gives us confidence in our exploration model and reaffirms our encouragement for the prospectivity of the area. We note with interest, the apparent correlation of a number of these elevated gold in streams sample sites with significant interpreted lineaments and mapped structures and also with areas of historical and current artisanal mining activity.
"We look forward to receiving the outstanding multi-element data for these samples through the remainder of Q3, as well as the full data for the remaining three eastern CLP licences.
"Planning is well advanced for the re-start of the stream sediment sampling of the three westernmost licences in Q4 this year. Ranking of priority targets will begin once more data has been received, to enable follow-up work programmes to be tailored to suit the expansion of the exploration programme.
"Meanwhile, we will be mobilising our field team over the next two to three weeks ahead of the next round of drilling at the Bibemi gold project, where our maiden programme identified a number of follow-up targets, including a high-priority target extending over c.1km at the southern end of Bakassi Zone 1. Further details on the upcoming programme will be released in due course."
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