The latest announcement is out from Oriole Resources PLC ( (GB:ORR) ).
Oriole Resources PLC has provided an update on the Phase 5 diamond drilling programme at its Bibemi Gold Project in Cameroon, where BCM International has acquired a 10% interest and is working towards a further 40% stake by investing up to $4 million. This phase aims to upgrade the existing Mineral Resource Estimate and has seen promising results, with several intersections indicating potential for additional near-surface gold resources, which could enhance the project’s economic viability and improve the company’s market position.
More about Oriole Resources PLC
Oriole Resources PLC is a gold exploration company primarily focused on West and Central Africa. The company is AIM-quoted and is engaged in the exploration of orogenic gold projects, notably the Bibemi Gold Project in Northern Cameroon.
YTD Price Performance: -1.51%
Average Trading Volume: 15,068,934
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.19M
For detailed information about ORR stock, go to TipRanks’ Stock Analysis page.