Oriole Resources PLC Reports Positive Initial Sampling Results from Central Licensing Package

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Gold results of up to 95 parts per billion (ppb) gold have been received for the Niambaram and Tenekou licenses

(,) () said zones of high gold concentrations were identified on the Central License Package (CLP) in Cameroon.

A stream sediment mapping and sampling program has been completed on the five easternmost permits, with gold results of up to 95 parts per billion (ppb) of gold received for the Niambaram and Tenekou permits .

Analytical results were received for 376 stream sediment samples for these two permits, with 87 sampling sites returning gold values ​​greater than 2 ppb gold and 51 sample sites returning gold values. greater than 5 ppb.

“The first results of this first phase of exploration in the package, associated with the main corridor of the Tcholliré-Banyo shear zone, support our hypothesis that the CLP is an area with enormous potential for gold exploration,” said General Manager Tim Livesey. .

“The fact that several zones of high gold concentrations have been identified in several watersheds gives us confidence in our exploration model and reaffirms our encouragement for the prospectivity of the zone.

Samples from the three remaining eastern permits, Pokor, Ndom and Mbe, are being submitted for analysis and results are expected in the third quarter.

Sampling of the three western permits has been suspended for the rainy season and is expected to resume in the fourth quarter.

At the same time, the AIM-listed company said it will mobilize its field team over the next two to three weeks before the next round of drilling on the Bibemi gold project, also in Cameroon, where its first program has identified a number of monitoring targets. .


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