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Drilling continues to point to potential for Faré to host a standalone resource – Oriole

18th August 2021

By: Donna Slater

Features Managing Editor and Chief Photographer

     

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West Africa-focused explorer Oriole Resources reports the partial results from the 4 854 m Phase 1 reverse circulation (RC) drilling programme at the Faré North and Faré Far South targets at its Senala project, in Senegal, have delivered intersections of up to 11 m of gold at 1.22 g/t and 35 m at 3.61 g/t, respectively

To date, 38 out of 42 holes have been drilled to test near-surface gold mineralisation at the targets.

The Senala project is being undertaken in a joint venture with IAMGOLD Corporation, which has the option to spend up to $8-million to earn a 70% interest in the project.

IAMGOLD is currently in the fourth year of that earn-in and has, this year, completed more than 80% of a two-phase exploration programme for a planned 11 000 m at the Faré and Madina Bafé prospects of the Faré project.

Results for the remaining four RC holes, drilled on the southernmost line at Faré Far South, are anticipated in the third quarter of this year, alongside results for an initial 3 111 m of the planned 5 000 m Phase 2 RC drilling at Madina Bafé.

The remainder of the programme at Madina Bafé will be drilled in the fourth quarter.

The results thus far, Oriole says, include multiple wide zones of near-surface mineralisation, which continue to support the potential for the definition of openpittable gold resources at Faré.

Oriole CEO Tim Livesey says the “excellent” results from this new RC drilling programme, targeting previously identified but as yet unquantified gold mineralisation at Faré Far South and Faré North, continue to support the company’s belief that the 6 km trend at the Faré prospect has “ample” potential to host a standalone resource.

“Not only are these RC drilling results indicative of the typical grades considered mineable in West African orogenic gold systems, but the intersection of significant mineralised widths, often close to surface, points to the huge untapped potential at Faré.”

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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