https://www.miningweekly.com

Oriole says Faré prospect may become a standalone mine

17th January 2022

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Aim-listed Oriole Resources has reported further promising drill results on the Senala gold project, in Senegal.

The exploration is being conducted by Oriole’s joint venture partner Iamgold Corporation, which has the option to spend up to $8-million to earn a 70% interest in the project.

The latest results form part of a 2 148 m and 18-hole Phase 2 reverse circulation drill programme at the Faré prospect and indicate extended mineralisation along strike at three main anomalies.

Some of the results include 5 m grading 12.45 g/t gold from 92 m and 1 m grading 6.08 g/t from 12 m.

Particularly, mineralisation at the Faré Far South target is now confirmed over a strike length of at least 500 m, suggesting a high probability for the definition of further resources at the prospect.

The Faré prospect may well be developed into a standalone mine, reports Oriole.

Iamgold is in Year 4 of its investment period, which, upon completion, will give it the right to acquire a 51% interest in the project and, thereafter, spend $4-million over two years to increase its interest to 70%.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.881s - 110pq - 2rq
Subscribe Now