Oriole Resources
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There’s good news from Oriole Resources’ completed maiden diamond drilling programme at its51%-owned Bibemi gold project in Cameroon.

“We are extremely pleased that the maiden diamond drill programme at Bibemi has been so successful, returning multiple gold intersections in over half of the holes,” comments Oriole Resources CEO, Tim Livesey.

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“This is very encouraging, indicating that the orogenic gold system we have defined over an 8.3 km strike length at surface, through previous rock-chip sampling and trenching programmes, has been proven to extend below surface at all four prospects and for depths of more than 100 m. 

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“In addition to the wider mineralised intervals, we see evidence of higher grades in some holes reflecting the likelihood of a ‘nugget gold’ effect, and in some cases there are multiple parallel sets of veins in a single hole.

“This phase 1 programme was undertaken using diamond coring techniques, which has enabled us to obtain a wealth of structural data, essential in our tasks of identifying the structural controls on gold deposition and predicting sites for potential larger volumes of gold mineralisation.

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“The indication of several areas of gold potential within the broader 8.5 km footprint of the systems gives us multiple targets to follow up in phase 2.

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“For example, the area between fence lines BZ1_L6 and BZ1_L7 is an obvious target for infill drilling to prove continuity between those two lines.

“As these lines are 800 m apart, there is ample space for a significant resource to develop, should the results merit it. Both lines remain open to the north and south, giving yet more opportunity to expand this area of gold mineralisation.

“Structural analogies to the Bibemi system, in a broad sense, include Valentine Lake in Newfoundland, Chirano in Ghana and our very own Senala project, specifically the Faré prospect.

“We are encouraged that results from the first ever drilling on this licence has been able to allow us to confirm orogenic gold systems and indicate potential and we look forward to commencing follow-up programmes later this year.”