Oriole Resources

Oriole Resources has successfully raised £419,500 before expenses for, in aggregate, 139,833,333 new Ordinary Shares at a price of 0.3 pence per share.

AIM-listed explorer Oriole Resources reports that its joint venture partnere, IAMGOLD Corporation has initiated its year three option to spend up to US$8 million to earn a 70% interest in the Senala project in Senegal.

Oriole Resources is expanding its footprint in Cameroon following early sucess at the Bibemi and Wapouzé gold projects.

AIM-listed explorer Oriole Resources has defined significant gold anomalism during the Phase 2 soils programme at the Wapouzé project in Cameroon, where it is earning up to a 90% interest.