Oriole Resources (ORR)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.18p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.60
  • 52 Week Low: 0.18
  • Currency: UK Pounds
  • Shares Issued: 1,994.02m
  • Volume: 0
  • Market Cap: Ł3.49m

Oriole Resources upbeat on trenching at Wapouze

By Josh White

Date: Wednesday 09 Feb 2022

LONDON (ShareCast) - (Sharecast News) - West Africa-focussed exploration company Oriole Resources updated the market on its 90%-owned Wapouzé gold project in Cameroon on Wednesday, including a best trenching interval of two metres at 4.06 grams of gold per tonne.

The AIM-traded firm said five trenches were completed for a total of 2,524 metres at the Bataol Zone.

All trenches returned anomalous gold using a 0.10 grams per tonne cut-off, with the best results also including two metres at 0.53 grams of gold per tonne, 1.5 metres at 0.53 grams per tonne, and two metres at 0.5 grams per tonne.

It said mineralisation was primarily hosted by quartz veinlets within sedimentary schist, adding that soil sampling was completed over the southwest of the project area, returning grades of up to 141 parts of gold per billion.

"We are continuing to gain an understanding of the gold mineralised systems at Wapouzé and these recent soil and trenching results add to that knowledge," said chief executive officer Tim Livesey.

"Previous sampling at the project had identified extensive surface anomalies, with some significant gold grades in soils.

"As we better understand the local geology and the likely influences of structure on the mineralisation here, as at Bibemi to the south, the team continues to develop the exploration programme with a view to identifying drill targets."

At 1551 GMT, shares in Oriole Resources were up 3.94% at 0.37p.

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ORR Market Data

Currency UK Pounds
Share Price 0.18p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.60
52 Week Low 0.18
Volume 0
Shares Issued 1,994.02m
Market Cap Ł3.49m

ORR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.84% above the market average81.84% above the market average81.84% above the market average81.84% above the market average81.84% above the market average
91.94% above the sector average91.94% above the sector average91.94% above the sector average91.94% above the sector average91.94% above the sector average
Price Trend
89.08% below the market average89.08% below the market average89.08% below the market average89.08% below the market average89.08% below the market average
84.72% below the sector average84.72% below the sector average84.72% below the sector average84.72% below the sector average84.72% below the sector average
Income Not Available
Growth Not Available

ORR Dividends

No dividends found

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

ORR Key Personnel

CEO Tim Livesey
CFO Robert Smeeton

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