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Oriole Resources PLC ( (GB:ORR) ) just unveiled an announcement.
Oriole Resources PLC announced significant positive drilling results from its Mbe gold project in Cameroon, with 125 gold-bearing intersections from the first eight drill holes. The results indicate wide zones of bulk-tonnage and near-surface gold mineralization, suggesting potential for open pit mining. The maiden drilling program is 60% complete, with further results expected later this quarter. The company plans to publish a maiden Mineral Resource Estimate by Q4-2025, with an independent consultant providing earlier guidance through a JORC Exploration Target estimation.
More about Oriole Resources PLC
Oriole Resources PLC is a gold exploration company listed on the AIM market, focusing on West and Central Africa. The company is primarily engaged in the exploration and development of gold projects, with a significant focus on its Mbe orogenic gold project in Cameroon.
Average Trading Volume: 15,572,733
Technical Sentiment Signal: Sell
Current Market Cap: £7.85M
For a thorough assessment of ORR stock, go to TipRanks’ Stock Analysis page.