Oriole Resources PLC’s Post

View organization page for Oriole Resources PLC, graphic

4,325 followers

#ORR’s fully funded, 7060m Phase 5 drill programme is ongoing at the Bakassi Zone 1 (BZ1) prospect, part of the Bibemi Gold Project in #Cameroon To date, 10 vertical holes have been drilled for approximately 1,244 metres at the main BZ1 MRE area. Samples from these holes are being prepared, with initial results expected in Q3-2024. Intersections of shallow-dipping and steeply dipping quartz and quartz-tourmaline veins show the potential for additional near-surface mineralisation within the existing open pit design limits. A further 27 holes have been planned at BZ1-MRE, focussed on expanding and upgrading the existing MRE. 25 holes are also planned at along-strike target areas BZ1-NE and BZ1-SW, where exploration to date has generated coincident geochemical and geophysical targets. #ORR has submitted an exploitation licence application (ELA) to the Cameroon Mines Ministry for review. The ELA, which is supported by various technical and economic studies, is required to secure the tenure of the licence as exploration and development activities continue.

  • No alternative text description for this image
SIMON AGBESHIE

Senior Diamond Driller

1mo

This is good news 👏

Like
Reply

To view or add a comment, sign in

Explore topics