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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 |
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.
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