Aim-listed Oriole Resources has achieved good progress during an early-stage sampling programme on the eastern portion of its 90%-owned Central Licence Package (CLP) in central Cameroon, CEO Tim Livesey says.
The district-scale CLP comprises eight contiguous licences of previously unexplored paleo-proterozoic to pan-African age rocks that are noted to be highly prospective for orogenic-style gold mineralisation.
Sampling of the remaining four ‘Priority 1’ grids is now complete for a further 3 114 samples.
Samples for Grid 2 and Grid 4 have been dispatched for analysis and results are expected by the end of the second quarter or early in the third quarter.
Sampling has also been completed for a further 1 239 samples over an extensional grid (Grid 6) at the Mbe licence, along strike from where the company previously reported a best result of 838 parts per billion gold.
A multi-element review of the pilot area has identified a number of pathfinder elements that will aid future targeting.
A technical study is now under way to compare laboratory and handheld X-ray fluorescence data to help reduce the time and cost of multi-element analysis going forward.
Geological line mapping over the Mbe anomaly is about 70% complete.
A further licence, Maboum, has been applied for to the east of the CLP and is contiguous with the existing package. The licence application is now live on the Cameroon mining cadastre.
“The field crews have been busy with mapping and sample collection – the boots on the ground de-risking that every project requires in the early stages of exploration – trying to cover as much ground as possible before the rains restrict access.
“Orientation work, utilising multi-element data, is providing interesting leads, and the potential for identification of overprinting mineralised systems adds a further layer of opportunity.
“Through this work, we are seeing yet more evidence that this package of licences has great potential to be a new gold district,” Livesay notes.