Oriole Resources PLC (AIM:LON:ORR) said the first hole of its maiden drilling programme at the Mbe gold project in Cameroon had correlated “well” with lithologies identified during the trenching programme.
Drilled to 358 metres, the hole is the first of 24 planned covering a total of 6,590 million with the programme funded by BCM International, which has an option to take a 50% interest.
Drill core from the first hole, MBDD001, is currently being prepared and the samples will be sent to Intertek (LON:ITRK) Ghana for gold analysis by photon assay, with results expected in the first quarter of 2025.
Martin Rosser, Oriole’s chief executive, said: "Drilling of the core zone of the MB01-S target continues steadily.
“I am pleased to report that a visual inspection of the drill core reflects the rock types, alteration assemblages and sulphide mineralisation encountered during the prior trenching campaigns.
“As the end of the year approaches, we look forward to early 2025 and reporting on the first assay results from the maiden diamond drilling programme at MB01-S."