An announcement from Oriole Resources PLC ( (GB:ORR) ) is now available.
Oriole Resources PLC has announced further results from its maiden drilling program at the Mbe Licence in Cameroon, revealing significant gold mineralization. The drilling program, which is over 30% complete, has shown promising results, particularly from hole MBDD003, which intersected over 60 meters of recurrent gold mineralization. These findings confirm the potential for higher-grade zones within broader, lower-grade envelopes, extending the confirmed mineralized system over a 200m strike length and a depth of approximately 290m. The results are crucial for refining the company’s geological model and drilling strategy, with further results expected in the next quarter.
More about Oriole Resources PLC
Oriole Resources PLC is a gold exploration company listed on AIM, focusing on West and Central Africa. The company is engaged in exploring orogenic gold projects, particularly in Cameroon, where it holds a 90% interest in the Mbe project, part of its Central Licence Package.
YTD Price Performance: -19.23%
Average Trading Volume: 19,705,700
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £8.18M
For an in-depth examination of ORR stock, go to TipRanks’ Stock Analysis page.