Oriole Resources (AIM:ORR), the AIM‑quoted gold exploration and development company focused on Central and West Africa, reported that step‑out diamond drilling at the MB01‑S deposit at its 50%‑owned Mbe project has extended the deposit's strike by about 100m to roughly 600m and delivered a 1m intersection at 59.00g/t Au and 10.50m at 2.46g/t Au including 3.10m at 7.56g/t Au from the first three holes.
The Programme, planned for 2,500m in 10 holes and now about 70% complete, returned 30 mineralised intersections from holes MBDD040-042 and supports an update to the MB01‑S JORC inferred MRE of 870koz within a 1.23Moz total Mbe resource, with publication targeted for early Q3‑2026, the company said.
"We are encouraged that there should be a meaningful increase to the JORC MRE for the MB01‑S deposit once drilling is completed," CEO Martin Rosser said.
Oriole said work is underway to formalise BCM International Limited's 50% beneficial interest in Mbe, with a joint‑venture partnership agreement nearing finalisation and the transfer of the Mbe licence to Oriole Mbe SARL approved by the Ministry of Mines.
The company said the final administrative step to formalise its 50% interest is to acquire the remaining 10% licence interest held by BEIG3 Sarl and Roxanne Minerals for US$100,000.
