Oriole Resources PLC (AIM:ORR) CEO Martin Rosser talked with Proactive's Stephen Gunnion about the completion of phase 5 drilling at the Bibemi Gold Project in Cameroon. The programme included 56 holes totaling 6.9km at the Bakassi Zone 1 prospect. The final seven holes, for which results are awaited, are infill holes in the existing Mineral Resource Estimate (MRE) zone.
Rosser explained that the company is now reviewing the data to upgrade the JORC Inferred Mineral Resource estimate to the measured and/or indicated categories. He also noted that the current estimate stands at 375,000 ounces of contained gold, with 5.1 million tonnes grading 2.3g per tonne. Additionally, a higher gold price assumption—significantly more than the US$2,000 per ounce used in the last MRE—and all of the data now acquired could positively impact the size of the resource model.
Beyond Bibemi, Rosser provided an update on the Mbe field programme, where drilling began late last year. He highlighted that over 25% of the programme is already complete and emphasised the importance of gathering structural data from the initial drill holes to refine the geological model.
For more updates on Oriole Resources and its gold exploration progress, visit Proactive’s YouTube channel. Don’t forget to like, subscribe, and enable notifications for future updates.
#OrioleResources #GoldExploration #MiningStocks #BibemiProject #MbeProject #GoldInvesting #MiningNews #CameroonGold #JuniorMining #GoldProspecting
