Oriole Resources PLC (LSE:ORR) has reported its first JORC Mineral Resource Estimate for the MB01-S zone of the Mbe orogenic gold project in Cameroon, outlining 870,000 ounces of contained gold at an average grade of 1.09g/t. This figure exceeds prior exploration targets and underscores the project’s strong growth potential.
Both the MB01-S and nearby MB01-N zones remain open along strike and at depth, providing opportunities for further resource expansion. The company is evaluating the feasibility of an open pit gold operation, which could unlock substantial value from the deposit.
The announcement marks a key milestone for Oriole, strengthening its position as an emerging gold explorer in Central Africa and highlighting the prospectivity of the Mbe project.
Company Overview
Oriole Resources PLC is a gold exploration company listed on AIM, with a strategic focus on West and Central Africa. Its primary activities center on the discovery and development of gold resources, with its flagship exploration project located in Cameroon.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.
Leave a Reply