Oriole Resources PLC CEO Martin Rosser talked with Proactive's Stephen Gunnion about the company's announcement of a significant maiden exploration target at its Mbe project in Cameroon. The milestone was achieved in under nine months from the start of the maiden drilling. Rosser explained that the independent consultant Forge estimated a median tonnage of 38 million tonnes at a mean grade of 0.86 grammes per tonne gold. This includes a mid-range level of 1.10 million ounces of contained gold.
Rosser stated, "As soon as you get over 1,000,000oz, you are really motoring," underscoring the importance of this figure. The target model is limited to 200 metres below surface and is based on 2024 trenching data and assays from 13 of 24 planned drill holes at Mbe South. He added that grade tonnage sensitivity analysis showed strong retention of contained ounces at higher cut-off grades.
The project shares mineralogy similarities with the Bibemi project and is considered suitable for open-pit mining methods. Rosser also noted that drilling at Mbe South continues and the company expects to deliver a maiden pit-constrained Mineral Resource estimate in the fourth quarter of this year. He emphasised the potential across the broader Mbe licence area and the company's surrounding eastern CLP licences in Cameroon.
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