UK headquartered exploration company Oriole Resources’ Mbe orogenic gold project maiden drilling programme in Cameroon continues to make progress. Results from drill hole MBDD013 have delivered further mineralised gold (Au) intersections from the maiden (Phase 1) drilling programme using a 0.20g/t Au lower cut-off grade. Hole MBDD013 was drilled at the western limit of fence line N872582, which also has delivered several wide zones of gold mineralisation including 21.30 m at 1.61g/t Au from 2.40m in hole MBDD012.
The fully funded Phase 1 drilling programme at the MB01-S target is over 70% complete, with 4,918.90m drilled to date, and with 16 holes (MBDD001 – MBDD016) completed and a 17th hole (MBDD017) in progress. Results for holes MBDD014 to MBDD017 are anticipated in Q3 2025.
Results reported to date have confirmed sub-surface mineralisation over a strike length of at least 200m, a width of up to 400m and to a vertical depth of at least 290m. The system remains open in all directions and at depth.
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Results for holes MBDD001 to MBDD013, as well as results from the 2024 trenching programmes, will now be used to produce a JORC exploration target estimation for the MB01 prospect. The results of that work are expected to be published in early Q3 2025 and will provide early guidance on the resource potential of the project.
The drilling programme is currently scheduled for completion in Q3 2025, and Oriole, which believes the project could be mined by open pit methods, anticipates publishing an independent consultant’s maiden pit-constrained MRE in Q4-2025.
Oriole chief executive officer Martin Rosser comments: “Now that we have the results for holes MBDD001 to MBDD013, and along with the 2024 trenching programmes’ data, our independent consultant can produce a JORC exploration target estimation for the MB01 prospect. We anticipate that the estimate will be published in early Q3 2025 and will provide valued early guidance on the resource potential of the project.”