Oriole Resources (AIM:ORR), an AIM-listed gold exploration company focused on Central and West Africa, has reported step-out drilling results from its 50%-owned Mbe gold project in Cameroon that it says points to a westward and southward extension of the MB01-S deposit.
Holes MBDD045 to MBDD047 returned 34 mineralised intersections, with the strongest results including 6.00 metres at 2.41 grams per tonne gold, with a 1.00-metre core grading 13.00 g/t, and 3.00 metres at 4.16 g/t gold, with a 1.00-metre interval at 12.00 g/t.
Mineralisation in MBDD047 correlates with previously reported intercepts in holes MBDD024 and MBDD044, extending a northwest-trending zone across roughly 300 metres of strike length.
The MB01-S deposit currently holds an 870,000-ounce contained gold resource under the JORC reporting standard, open in all directions, and sits within a total Mbe resource base of 1.23 million ounces.
Results from the two remaining holes in the programme, MBDD048 and MBDD049, are expected early this month, after which the company will commission an independent updated resource estimate.
"We hope that this should lead to an expansion of the current MRE for MB01-S when it is reported later in Q3," said Chief Executive Martin Rosser, adding that the company "eagerly awaits" the final two results before remodelling work can be completed.
The updated mineral resource estimate for MB01-S is scheduled for publication in early the third quarter of 2026.
