Curated News
By: NewsRamp Editorial Staff
March 27, 2024
Oriole Resources Expands Exploration in Cameroon
TLDR
- Expanding the mineral resource at the Bibemi site provides a strategic advantage for Oriole Resources PLC in the competitive gold project market.
- The recent interpretation of geophysical data at the Bibemi site has identified new targets, and the 2024 drilling strategy aims to confirm and expand the existing mineral resource estimate.
- Oriole Resources PLC's exploration efforts in Cameroon signal a commitment to sustainable development, potentially creating new job opportunities and economic growth in the region.
- The addition of brand-new areas for exploration and the upcoming results from the Mbe target make Oriole Resources PLC's project in Cameroon an exciting and dynamic endeavor.
Impact - Why it Matters
The expansion of Oriole Resources' exploration in Cameroon, including the Bibemi orogenic gold project, signifies potential growth and significant resource confirmation in 2025. This news highlights the company's dedication to expanding and extending mineral resources in the region, pointing towards a busy year ahead with a dynamic exploration schedule.
Summary
Oriole Resources PLC CEO Tim Livesey is partnering with BCM International to expand and extend the mineral resource at the Bibemi site in Cameroon. Recent interpretation of geophysical data has identified several new geophysical targets, promising for the expansion of the project. The 2024 drilling strategy focuses on defining resources at shallow depths and expanding the mineral resource estimate (MRE), with expectations of drilling up to five new targets. Oriole and BCM are also progressing exploration at the Mbe target, with results expected soon. The company plans to advance exploration on its other licences in Cameroon, signalling a busy year ahead with a growing local team. Livesey expresses optimism for significant resource confirmation in 2025 and maintains a dynamic exploration schedule across their portfolio.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Oriole Resources Expands Exploration in Cameroon
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