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ORR Oriole Resources Plc

0.32
0.035 (12.28%)
Last Updated: 09:46:08
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oriole Resources Plc LSE:ORR London Ordinary Share GB00B0T29327 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.035 12.28% 0.32 0.28 0.32 0.32 0.32 0.32 6,137,523 09:46:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 115k -1.62M -0.0008 -4.00 6.38M

Oriole Resources PLC AC Drilling to Re-Start at Senala Gold Project (6387E)

09/11/2020 7:00am

UK Regulatory


Oriole Resources (LSE:ORR)
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TIDMORR

RNS Number : 6387E

Oriole Resources PLC

09 November 2020

Oriole Resources PLC

('Oriole' or 'the Company' or 'the Group')

Air Core Drilling to Re-Start at the Senala Gold Project, Senegal

Oriole Resources (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to announce that its joint venture partner IAMGOLD Corporation ('IAMGOLD') will shortly restart its 10,000 metre ('m') air core ('AC') drilling campaign at the Senala project ('Senala' or the 'Project') in Senegal. Prior to the seasonal rains, IAMGOLD had already completed 1,300m AC drilling at the northernmost Faré prospect and will resume its programme there later this month.

Initial results from the programme are anticipated in the first quarter of 2021. Ahead of these new results, the Company has recalculated all historic reverse circulation ('RC') and diamond drilling results for Faré from Stratex International's programmes in 2013 and 2014, using a 0.3 gramme per tonne ('g/t') gold ('Au') cut off and 3m maximum consecutive internal dilution. Best results include 20m grading 31.13 g/t Au including 10m grading 60.98 g/t Au from RC drilling and 59.60m grading 2.20 g/t Au and 49.50m grading 1.75 g/t Au from diamond drilling.

Under the terms of the option agreement, IAMGOLD is approaching the end of its Year 3 commitment to spend up to US$8 million to earn a 70 per cent interest in Senala.

Highlights

   --    IAMGOLD completed 1,300m AC drilling at the Faré prospect during June and July 2020; 
   --    Recommencement of the planned 10,000m programme later this month; 

-- Review and recalculation of all historic RC and diamond drilling results has returned exceptional results, including:

o 20.00m grading 31.13 g/t Au from 18.00m, including 10.00m grading 60.98 g/t Au (FARC-00007);

o 10.00m grading 2.34 g/t Au from 50.00m, including 6.00m grading 3.50 g/t Au (FARC-00001);

o 23.40m grading 1.84 g/t Au from 68.60m (FADD-00001);

o 14.00m grading 2.94 g/t Au from 11.10m (FADD-00002);

o 59.60m grading 2.20 g/t Au from surface (FADD-00003);

o 42.00m grading 1.36 g/t Au from 4.10m and 49.50m grading 1.75 g/t Au from 50.60m (FADD-00004);

o 7.00m at 1.31 g/t Au from 14.10m (FADD-00007);

o 7.00m grading 1.64 g/t Au from 17.60m (FADD-00013);

o 5.15m grading 2.92 g/t Au from 170.10m and 10.00m grading 4.12 g/t Au from 192.10m (FADD-00016);

o 19.50m grading 1.08 g/t Au from 93.40m and 4.28m grading 1.02 g/t Au from 146.32m (FADD-00021);

o 23.50m grading 1.41 g/t Au from 6.00m (FADD-00023);

o 12.00m grading 7.09 g/t Au from 18.00m (FADD-00025);

o 4.80m grading 1.38 g/t Au from 63.70m (FADD-00026).

-- Based on these results alone, the Company believes Faré has the potential to host a standalone deposit;

   --    Results from the IAMGOLD programme are anticipated in Q1-2021; 

-- Subject to those results, IAMGOLD has planned a further 5,000m RC follow-up drilling and 1,000m diamond drilling to further test the extent of the mineralisation.

Oriole CEO Tim Livesey, said: "The historical results at Far é have already shown the potential for the development of a significant gold resource. As we have seen from recent drilling on other licences in the immediate surrounds of Senala, long intercepts with grades well in excess of 2 g/t Au can quickly build the types of volumes required for stand-alone mineable resources.

"We are very eager to see the results of the IAMGOLD programme, which will initially look to make the link between the areas of mineralisation already drill tested. Further work is then planned to begin to pull together the structural interpretation of the mineralised shoots, to allow the development of a resource.

"As a potential stand-alone resource target, with over six kilometres of mineralised strike length, Far é adds significant value to the Senala licence, confirming its importance to Oriole.

"In addition to Far é , we have four other mineralised zones within the Senala licence, already partially explored. The confirmation, earlier this year, of the successful reapplication of the licence area has given us security of tenure and will allow the progressive exploration to continue unhindered by any concerns over licence expiry."

Further Details

In the second quarter of 2020, the Company announced that, as part its US$8 million earn-in at Senala, IAMGOLD had commenced a 10,000m AC drilling programme at the Faré prospect in the north of the licence (Announcement date 29 June 2020; Figure 1). Prior to the seasonal rains in mid-July, a total of 1,300m AC drilling had been completed. IAMGOLD has advised the Company that it plans to restart the programme later this month, with an anticipated completion date of early January 2021. The programme plans to determine the overall geochemical footprint of mineralisation at Faré, including whether any continuity exists between the currently identified Faré North and Faré South zones.

Link to Figure 1. Planned AC drilling at Faré, covering previously-identified gold-in-soil anomalism (>10 ppb Au). Yellow labels highlight best results from RC and diamond drilling to date.

http://www.rns-pdf.londonstockexchange.com/rns/6387E_1-2020-11-9.pdf

Initial results from the programme are anticipated in the first quarter of 2021. Ahead of these new results, the Company has reviewed results for more than 10,000m RC and diamond drilling from Stratex International's programmes in 2013-2014. Recalculation of the data using a 0.3 g/t Au cut off and 3m maximum consecutive internal dilution has delivered a number of multi-gram intervals over substantial widths. Best results include 20m grading 31.13 g/t Au including 10m grading 60.98 g/t Au from RC drilling and 49.50m grading 1.75 g/t Au (Table 1) and 50.60m grading 1.75 g/t Au from diamond drilling (Table 2) (Figure 1).

Table 1. RC intercepts (0.3 g/t Au cut-off). Best results are highlighted in bold.

 
   Hole ID      Prospect    Azimuth   Declination   From    To (m)   Interval   G rade 
                             ( deg      ( deg )      (m)              (m)*,**    (g/t) 
                               ) 
               Faré 
 FARC-00001       South       295         -50       44.00   45.00      1.00      0.30 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      50.00   60.00     10.00      2.34 
                           --------  ------------  ------  -------  ---------  ------- 
        including                                   54.00   60.00      6.00      3.50 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      76.00   77.00      1.00      1.20 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00002       South       295         -50       28.00   29.00      1.00      0.49 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      42.00   43.00      1.00      0.31 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00003       South       295         -50       12.00   13.00      1.00      3.01 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00004       South       295         -50       46.00   47.00      1.00     22.15 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00005       South       295         -50       40.00   41.00      1.00      0.37 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00006       South       295         -50       3.00     5.00      2.00      0.40 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00007       South       295         -50       18.00   38.00     20.00     31.13 
              -----------  --------  ------------  ------  -------  ---------  ------- 
        including                                   18.00   28.00     10.00     60.98 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      41.00   42.00      1.00      0.46 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      56.00   59.00      3.00      0.55 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      79.00   80.00      1.00      0.57 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00008       South       295         -50       23.00   24.00      1.00      0.36 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      26.00   29.00      3.00      0.94 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      78.00   79.00      1.00      0.38 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00009       South       295         -50       6.00     7.00      1.00      0.72 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      59.00   60.00      1.00      0.43 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00013       North       295         -50       12.00   13.00      1.00      0.38 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00014       North       295         -50       16.00   17.00      1.00      0.53 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00015       North       295         -50       42.00   43.00      1.00      0.36 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00016       North       295         -50       40.00   41.00      1.00      0.58 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00017       North       295         -50       20.00   21.00      1.00      0.31 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00019       North       295         -50       25.00   27.00      2.00      1.81 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00020       North       295         -50       66.00   68.00      2.00      0.41 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      72.00   73.00      1.00      0.54 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00021       North       295         -50       7.00     9.00      2.00      1.64 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00023       North                             24.00   25.00      1.00      0.41 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00024       North                             16.00   17.00      1.00      0.31 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00025       North       295         -50       36.00   37.00      1.00      0.30 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      50.00   53.00      3.00      0.60 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00026       North       295         -50       27.00   28.00      1.00      0.37 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      30.00   31.00      1.00      0.62 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      65.00   66.00      1.00      0.41 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00027       North       295         -50       45.00   46.00      1.00      1.05 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00029       North       295         -50       22.00   23.00      1.00      0.68 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00030       North       295         -50       16.00   17.00      1.00      0.59 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00031       North       295         -50       8.00     9.00      1.00      0.31 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      13.00   23.00     10.00      0.51 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      35.00   36.00      1.00      0.42 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      49.00   50.00      1.00      0.36 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00032       North       295         -50       20.00   22.00      2.00      0.72 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      52.00   53.00      1.00      0.43 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00033       North       295         -50       10.00   11.00      1.00      0.36 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00034       North       295         -50       12.00   16.00      4.00      0.53 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      18.00   23.00      5.00      0.39 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      40.00   41.00      1.00      1.49 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      56.00   58.00      2.00      0.47 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      64.00   65.00      1.00      0.46 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00041       South       295         -50       3.00     4.00      1.00      0.37 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00042       South       295         -50       29.00   30.00      1.00      0.32 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      47.00   48.00      1.00      0.33 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00043       South       295         -50       13.00   14.00      1.00      0.31 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      20.00   21.00      1.00      0.31 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      23.00   26.00      3.00      0.37 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00044       South       295         -50       23.00   26.00      3.00      1.04 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      50.00   51.00      1.00      0.38 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      72.00   77.00      5.00      0.78 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00050       South       295         -50       44.00   45.00      1.00      0.68 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00051       South       295         -50       0.00     1.00      1.00      0.68 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      32.00   33.00      1.00      0.52 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00052       South       295         -50       16.00   17.00      1.00      0.34 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      30.00   32.00      2.00      1.26 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      37.00   38.00      1.00      0.98 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00053       South       295         -50       21.00   22.00      1.00      0.43 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      29.00   30.00      1.00      1.36 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      42.00   43.00      1.00      4.39 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      50.00   53.00      3.00      0.69 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      70.00   71.00      1.00      1.16 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00055       South       295         -50       33.00   35.00      2.00      0.56 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      37.00   38.00      1.00      0.50 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00056       South       295         -50       69.00   73.00      4.00      0.51 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00061       South       295         -50       59.00   60.00      1.00      0.99 
              -----------  --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00062       South       295         -50       21.00   22.00      1.00      0.58 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      24.00   25.00      1.00      0.33 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      32.00   33.00      1.00      0.63 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      42.00   43.00      1.00      0.31 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00063       South       295         -50       3.00     4.00      1.00      0.35 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      11.00   13.00      2.00      0.41 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      30.00   37.00      7.00      0.71 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      43.00   47.00      4.00      0.50 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00076       South       295         -50       14.00   16.00      2.00      0.62 
              -----------  --------  ------------  ------  -------  ---------  ------- 
           and                                      52.00   53.00      1.00      0.32 
                           --------  ------------  ------  -------  ---------  ------- 
           and                                      59.00   61.00      2.00      1.07 
                           --------  ------------  ------  -------  ---------  ------- 
               Faré 
 FARC-00078       South       295         -50       45.00   46.00      1.00      0.32 
              -----------  --------  ------------  ------  -------  ---------  ------- 
 

Table 2. Diamond drilling intercepts (0.3 g/t Au cut-off). Best results are highlighted in bold.

 
   Hole ID      Prospect    Azimuth   Declination    From    To (m)   Interval   Grade (g/t) 
                             ( deg       ( deg        (m)              (m)*,** 
                               )           ) 
               Faré 
 FADD-00001       South      1 15         -50        8.60    13.10      4.50        0.85 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      31.60    32.60      1.00        0.63 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      68.60    92.00     23.40        1.84 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00002       South       295         -50       11.10    25.10     14.00        2.94 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      49.10    50.10      1.00        2.38 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00003       South       295         -50        0.00    59.60     59.60         2.2 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      80.10    83.60      3.50        2.31 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00004       South       295         -50        4.10    46.10     42.00        1.36 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      50.60    100.10    49.50        1.75 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00005       South       295         -50       12.60    14.10      1.50        0.32 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      40.10    41.10      1.00        1.53 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      57.60    58.60      1.00        3.53 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      101.60   105.60     4.00        0.39 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00006       South       295         -50       69.60    70.60      1.00        0.35 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00007       North       295         -50       14.10    21.10      7.00        1.31 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00008       North       295         -50        2.10     3.60      1.50        2.90 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      32.56    34.60      2.04        1.37 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      78.10    80.10      2.00        0.48 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      86.10    87.10      1.00        0.88 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00010       North       295         -50        8.60     9.70      1.10        0.46 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00011       North       295         -50       17.00    21.50      4.50        0.41 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00012       North       295         -50       27.10    28.10      1.00        1.34 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      96.60    100.60     4.00        0.35 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00013       South       295         -50       17.60    24.60      7.00        1.64 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00014       South       295         -60       23.20    27.70      4.50        0.92 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      32.20    33.70      1.50        0.48 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00015       South       295         -60       80.30    81.30      1.00        0.70 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00016       South       295         -60       78.10    80.10      2.00        1.76 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      109.10   110.10     1.00        0.72 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      120.10   121.10     1.00        0.78 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      125.10   126.10     1.00        0.39 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      129.10   130.10     1.00        15.99 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      134.10   136.10     2.00        0.82 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      141.10   144.10     3.00        1.18 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      170.10   175.25     5.15        2.92 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      178.10   179.10     1.00        0.38 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      188.10   189.10     1.00        0.43 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      192.10   202.10    10.00        4.12 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      210.10   211.10     1.00        0.83 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      217.10   222.40     5.30        1.20 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      247.10   248.10     1.00        0.87 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00017       South       295         -60       102.40   103.40     1.00        0.30 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      115.40   116.40     1.00        0.33 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00018       South       295         -60       24.50    25.50      1.00        0.34 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00020       South       295         -60       23.50    37.00     13.50        0.91 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      44.00    46.00      2.00        1.22 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00021       South       295         -60       93.40    112.90    19.50        1.08 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      130.60   131.60     1.00        0.81 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      139.87   142.14     2.27        0.75 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      146.32   150.60     4.28        1.02 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00022       South       295         -60       136.30   141.28     4.98        0.61 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00023       South       295         -60        6.00    29.50     23.50        1.41 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      45.50    47.00      1.50        0.35 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00024       South       295         -60       234.00   242.50     8.50        0.74 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00025       South       295         -60       18.00    30.00     12.00        7.09 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00026       South       295         -60       57.10    68.50     11.40        0.85 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
        including                                   63.70    68.50      4.80        1.38 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      140.50   145.00     4.50        0.61 
                           --------  ------------  -------  -------  ---------  ------------ 
               Faré 
 FADD-00029       South       115         -50       187.00   188.00     1.00        0.38 
              -----------  --------  ------------  -------  -------  ---------  ------------ 
           and                                      252.00   253.00     1.00        1.54 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      281.00   283.00     2.00        0.65 
                           --------  ------------  -------  -------  ---------  ------------ 
           and                                      298.00   299.00     1.00         0.4 
                           --------  ------------  -------  -------  ---------  ------------ 
 

*For interval widths greater than 1.0 m, using a 0.3 g/t Au cut-off and no more than 3.0 m consecutive internal dilution.

**True widths are estimated to be between 77% and 87% of the reported interval thickness, except for holes FADD-00001 and FADD-00029, where estimate true width is 42%.

Based on these results alone, the Company believes Faré has potential to host a standalone deposit. Subject to the results from the current AC drilling programme, IAMGOLD has planned a further 5,000m RC follow-up drilling and will also be undertaking a planned 1,000m diamond drilling to test mineralised intervals previously identified by Stratex International.

IAMGOLD is currently in Year 3 of its earn-in and, under the terms of the option agreement, must spend a further US$1 million by the end of February 2021 to keep the option in good standing.

For further information, including an updated JORC Table 1, please see the Senala page on the Company's website https://orioleresources.com/projects/senala/ .

Competent Persons Statement

The information in this release that relates to Exploration Results has been compiled by Claire Bay (VP Exploration and Business Development). Claire Bay (MGeol, CGeol) is a Competent Person as defined in the JORC code and takes responsibility for the release of this information. Claire has reviewed the information in this announcement and confirms that she is not aware of any new information or data that materially affects the information reproduced here.

** ENDS **

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following the publication of this announcement, this inside information is now considered to be in the public domain.

   For further information please visit  www.orioleresources.com ,   @OrioleResources on Twitter, 

or contact:

 
 Oriole Resources PLC                     Tel: +44 (0)20 7830 9650 
  Tim Livesey / Bob Smeeton / Claire 
  Bay 
 Blytheweigh (IR/PR contact)              Tel: +44 (0)20 7138 3204 
  Tim Blythe / Megan Ray / Rachael 
  Brooks 
 Grant Thornton UK LLP                    Tel: +44 (0)20 7383 5100 
  Samantha Harrison / Seamus Fricker 
 Shard Capital Limited                    Tel: +44 (0)20 186 9900 
  Damon Heath / Erik Woolgar / Isabella 
  Pierre 
 

Notes to Editors:

Oriole Resources PLC is an AIM-quoted exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. Year 2 commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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