Proactive Investors - Oriole (LON:ORR) Resources said soil samples from its 80%-owned Mbe gold project in Cameroon have indicated a wider target than originally modelled and two additional corridors to the east and parallel to the existing MB-01 zone.
A second infill soil sampling programme has started over the wider 12.5 km-long zone of soil anomaly at Mbe covering these new areas.
Claire Bay, executive director of exploration and business development, said: "The Mbe project is becoming more exciting by the day.
"Having initially defined the MB-01 prospect as being 3km long by 700m wide, this geophysics interpretation gives support for a significant width extension of the overall structural corridor to 2km and has identified an additional two prospective targets immediately to the east.
"At MB-01, samples from a recently completed infill soil sampling campaign are on their way to the assay lab, with gold results anticipated next month.
"These results will help guide the location of trench sampling, planned for later this quarter, which will subsequently help us to plan a maiden drilling programme at MB-01 for the next field season.”
In January, Oriole signed a definitive earn-in agreement with BCM, which will invest US$4 million in exploration at Mbe for an additional 40% stake after taking 10% of the project through a US$1 million payment.