Oriole Resources Share Discussion Threads

[dogwalker] 07/11/2024 16:47

Fingers crossed .

[logica2me] 07/11/2024 16:44

Myself and Lucky both have sizeable positions here. It'll all work out well, I'm confident of that.

[dogwalker] 07/11/2024 16:43

That's interesting LOGICA2ME. Hope we all get lucky together here, sooner rather than later as far as I'm concerned having loitered for long enough & become slightly jaundiced in the process.

[logica2me] 07/11/2024 16:11

Luckyabbetgale is a very good friend of mine. We go back over 20 years, as far as the Etrade days when he was known as Aggressivetrader.

[dogwalker] 07/11/2024 15:54

You should move in with Luckyabbeygale. You share (geddit?) a lot in common.

[logica2me] 07/11/2024 14:32

I've topped up - another 590k - that's me fully invested now til next month.

[logica2me] 07/11/2024 12:51

This could be VERY good news. About time, too.

[dogsoggy36] 07/11/2024 12:29

Clair Bay in Cameroon, yes news soon to drop I say.

[logica2me] 07/11/2024 12:19

Lots of buys - possible leak of news tomorrow? We shall see.

[logica2me] 07/11/2024 11:27

Decent volume today and a couple of the buys are showing as sells.

[adi27] 06/11/2024 17:05

If I ever get involved with a share that mentions Lanstead, I'm off in a flash, no matter how they try to spin it!!

[dogsoggy36] 05/11/2024 22:09

Actually it was someone averaging down.He's posted it on LSE.Certainly not someone ITK as they said after the stop losses were triggered by the Mm's he found it an opportunity to load up at 0.30p

[luckyabbeygale] 05/11/2024 21:15

Def big news on its way with that delayed buy of over 4m.

[adi27] 05/11/2024 19:31

We definitely could do with a good strike, rather than bang average

[adi27] 05/11/2024 18:52

Majority of the sells were automatic so as mentioned on LSE maybe stop loses triggered as we hit 0.3. You never know, mm's could have done it intentionally to grab some shares as they know big news is on the way!!

[logica2me] 05/11/2024 17:19

I've produced a research paper based on the latest MBE Exploration Update.


The initial trenching results from the MBE project look promising and suggest significant potential for gold mineralization.

Here’s an analysis based on the data provided:

Key Results Summary

51.00 meters at 1.02 g/t
47.75 meters at 1.23 g/t
88.00 meters at 0.71 g/t

Analysis

Grades and Lengths:

Grades of 1.02 g/t and 1.23 g/t are notable, especially over substantial lengths (51.00m and 47.75m respectively). These grades, though lower than high-grade deposits (>5 g/t), are quite favorable for a bulk mining operation.

The third result, 88.00m at 0.71 g/t, while lower in grade, is still significant due to the long intersection. Lower-grade deposits can still be profitable if the scale of mineralization supports large-volume mining, especially in open-pit operations.

Potential for Large-Scale, Low-Grade Mining:

The lengthy intersections suggest widespread mineralization, a factor that is favourable for an open-pit mining scenario. Bulk tonnage mining projects can be economically viable even at grades below 1 g/t if mining and processing costs are low.

In the context of West and Central Africa, projects with similar grades have shown commercial viability when infrastructure and processing costs are managed well.

Exploration Potential:

These results are from Phase 1 trenching. The extensive lengths of the intersections indicate that this area may host a large, continuous gold-bearing system. This warrants further exploration, including additional trenching and eventually drilling to assess depth continuity and grade distribution.

The broader Eastern CLP area spans 2,266 km² and includes five licenses, increasing the potential for finding additional resources in the vicinity of the MBE project. The large land package could be indicative of a district-scale mineralization model, which is promising for future exploration.

Investment and Funding:

With BCM International funding up to $4 million for exploration, there is significant support for advancing exploration activities. This financial backing could facilitate more intensive exploration programs, including diamond or reverse circulation (RC) drilling, which would be essential for accurately defining the resource.

Next Steps and Considerations

To advance the project, the following steps are typically advisable:

Follow-Up Drilling: Moving from trenching to drilling would allow the company to confirm mineralization at depth and outline the geometry of the deposit more accurately.

Infill Trenching or Drilling: Additional trenching or infill drilling around these intersections could help to determine the continuity and size of the mineralized zone.

Geophysical Surveys: Conducting geophysical surveys could provide insights into the structural controls on mineralization and help identify further drill targets within the broader Eastern CLP area.

Economic Assessment: If the deposit continues to show significant size and grade, initial scoping studies could help to model potential economic outcomes and guide future development.

Conclusion

These results are promising for a Phase 1 program, suggesting potential for a large, low-grade gold deposit that could be suitable for open-pit mining. Further exploration will be critical to confirm the continuity and grade of the mineralization, but the initial findings offer a solid foundation for advancing the project.

November 2024 - Logica2me Investments

[adi27] 05/11/2024 16:34

Looking at the sells, it might not be the news we want!

[adi27] 05/11/2024 10:34

It would be nice. Big news that is!

[logica2me] 05/11/2024 10:19

Eyes on the prize, guys.

Oriole Resources' Mbe gold project in Cameroon has shown promising trenching results, highlighting gold mineralization across large sections. These results indicate that Mbe may have the potential for a multi-million-ounce resource. The analysis compares Mbe with similar African projects, suggesting that its future valuation could be substantial if proven. With market EV/resource values ranging from $21 to $124 per ounce in similar projects, a successful drilling campaign could significantly raise Oriole’s valuation and potentially position Mbe as a pivotal asset.

[logica2me] 05/11/2024 10:10

News will come this week, don't you worry Son.

[adi27] 05/11/2024 08:24

News definitely slower coming than I feel was anticipated.

[juju44] 04/11/2024 13:48

Bought value under £100 < hahahahahaha

[luckyabbeygale] 04/11/2024 13:44

The buys just keep on coming in and the next lot of news will make sure Oriole will close at over a penny before the year is out.

[juju44] 04/11/2024 13:42

WOW again ?????????

[luckyabbeygale] 04/11/2024 13:40

Looks like 0.5p this time next week.