Oriole Resources (LSE:ORR), updated the market on its activities in Cameroon this morning. The gold explorer signed an option agreement on two early-stage gold projects in the country called Bibemi and Wapouzé, earlier this year.
The Company's local Cameroonian partner, Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques SARL (BEIG3) has installed a sample preparation laboratory in Yaoundé at no cost to Oriole. Oriole states the laboratory will result in significant cost savings across the life of the programme.
In July and August, the Company undertook mapping and a rock sampling programme focussed on the central Bakassi area, where previous operator Reservoir Minerals Inc had previously identified three parallel gold mineralised trends. Rock samples were collected and have been crushed and split into 500g sub-samples at the new sample preparation laboratory. The samples have since been sent on for gold analysis at Bureau Veritas in Cote d'Ivoire (Bureau Veritas).
At Bibemi, the testing of two priority zones within the central Bakassi zone is underway. Initial testing will be at 200m spacing, with results expected in the first quarter of 2019. More detailed infill trenching at 100m spacing will follow to enable better delineation of key mineralised veins to ensure that the subsequent drill programme can be targeted with higher confidence.
Soil sampling will shortly commence on the less advanced Wapouzé licence, located around 20km to the north of Bibemi.
Oriole CEO Tim Livesey, said: "We are very pleased that BEIG3 has completed the installation of a sample prep facility, at no cost to Oriole, as a step to both speeding up the processing time and reducing the cost of sample transport. The facility has been reviewed and approved by Bureau Veritas, and by our West African exploration manager, Issouf Ouedraogo, who is acting as Oriole CP on the project.
The early works in the field in July and August at Bibemi have confirmed the close proximity of the bedrock interface to surface and strengthened our relative understanding of the host structures. We expect that the two phase trenching in these areas will lead to better definition of the existing zones and possible extensions of those areas currently supported by soil anomalies alone. It is the nature of exploration in new frontiers that the programme adapts to increased data and interpretations. Consequently we have taken the decision to defer the drilling programme into 2019, after both trenching programmes are completed.
Next month we will also commence systematic soil sampling at the less advanced Wapouzé prospect; this is ahead of schedule "
Author: Stuart Langelaan
Disclosure: The author does not own shares in the companies mentioned above