Aim-listed Oriole Resources on Wednesday reported that recent mapping over the main Bakassi area at the Bibemi gold project, in Cameroon, had confirmed the continuation of mineralisation in Zone 1 by 1.3 km to over 5 km, with rock-chip samples from stacked veins returning up to 35.86 g/t gold.
Oriole is earning up to a 90% interest at Bibemi through its partnership with Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques (BEIG3).
Oriole CEO Tim Livesey said that while the results of initial mapping, trenching and sampling programmes in 2018/19 had confirmed extensive gold anomalism, the company had realised that gaining a better understanding of the structural setting would be essential to identifying the most prospective areas of mineralisation where there is potential to define a resource.
“We are delighted to see such positive results at the beginning of the 2020 field season. The mapping has confirmed extension of the Zone 1 structure to the north-east and, importantly, the presence of sub-horizontal stacked veins is very encouraging for the development of a resource target,” he said.
Livesey noted that the results, once again, highlighted the prospectivity of the Bakassi area, continuing to confirm the company’s geological model and affording it the opportunity to proceed with identifying significant widths of gold mineralisation in the system.
“This has been a fantastic start to our field season in Cameroon. It’s rare to have your geological models advanced and supported so strongly, with every analysis coming back positive for gold. This is a great credit to our geological team who have developed and tested this hypothesis, yet again highlighting the value of having ‘boots on the ground’.
“We look forward to following up with further field work and a targeted diamond drill programme during 2020.”