RNS Central Cameroon Exploration Update2 Aug 2021 09:12
Oriole certainly meets the definition of a beaten-down and manipulated stock.
RNS this morning shows that the company is still doing what a gold explorer should be doing - looking for more gold.
Promising results to come in the next 6 months?
Oriole Resources CEO, Tim Livesey, said: "We are pleased with the progress our team is making on the stream sediment sampling programme in Central Cameroon, a vital first step in defining target areas by identifying river basins with associated gold anomalism. The speed and efficiency of the work is reflective of the well-trained nature of the teams, several of whom have worked with BRGM as part of the World Bank-funded, Cameroonwide, prospectivity mapping and sampling programme, 'PRECASEM'.
"The Central Licence Package holds all the indicators of a new gold district, sitting within an area of appropriate host geology, with respect to age, metamorphic grade and alteration, and importantly being cross-cut by deep seated crustal structures that are crucial for the emplacement of gold in orogenic systems.
"We already know from historical sampling, and evidenced by more recent artisanal activity, that the licence package has the potential to host gold, so we are understandably eager to see the results of this programme.
"Grassroots exploration doesn't come any simpler than this, with rapid and systematic field work allowing us to start defining and ranking targets for further investigation during the next field season."