Oriole Resources has a diverse portfolio of African gold assets
Last updated: 03:09 19 Jun 2025 EDT, First published: 06:56 22 Feb 2021 EST
Snapshot
- Oriole Resources updates Senala gold exploration target
- Oriole Resources reveals key results from Mbe trenching - ICYMI
- Oriole Resources: A 'compelling' opportunity at current prices, says new research
- Oriole Resources CEO Martin Rosser discusses maiden drilling at Mbe project in Cameroon
About the company
Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa.
In Cameroon, the company has a gold resource at the Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. In Senegal, Managem Group is earning into Oriole’s advanced Senala gold project.
Oriole also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.
How it is doing
Oriole Resources PLC (AIM:ORR) has updated the JORC Exploration Target for its Senala gold project, in eastern Senegal, pitched in a range between 17 million and 24 million tonnes (at 0.69 to 0.84 grams per tonne gold).
This would equate to 380,000 to 650,000 ounces of contained gold.
The Exploration Target lies outside the existing 2021 Mineral Resource Estimate for Faré South.
"Senegal is a richly endowed gold mining country and the updated exploration target for the Senala gold project gives positive encouragement that it has considerable upside potential to host a significant-sized gold deposit,” chief executive Martin Rosser said.
Oriole Resources PLC (AIM:ORR) has reported further significant gold mineralisation from drilling at its Mbe gold project in Cameroon.
Sub-surface mineralisation has now been confirmed over a strike length of at least 200 metres, a width of up to 400 metres, and to a vertical depth of at least 290 metres. The company said the system remains open in all directions and at depth.
Oriole Resources PLC (AIM:ORR) has reported more encouraging gold results from the Mbe project, in Cameroon, with 43 additional intersections.
The latest results are from holes MBDD010 and MBDD011, taking the total number of gold intersections in the Phase 1 drill programme to 179. Highlights from the new data include 3.00 metres at 2.88 grams per tonne (g/t) gold and 4.30 metres at 1.63 g/t gold.
Insight: Oriole Resources reveals key results from Mbe trenching - ICYMI
Oriole Resources PLC (AIM:ORR) CEO Martin Rosser talked with Proactive about the company's recent phase two infill trenching results for the Mbe project.
Rosser shared highlights, including significant results from the Mbe South and North prospects.
What the brokers say
You don’t often hear “compelling valuation” and “frontier gold discovery” in the same breath.
But that’s exactly how Greenwood Capital describes Oriole Resources PLC (AIM:ORR), the AIM-listed explorer now hitting its stride at Mbe in Cameroon.
Drilling results announced this week have returned the widest and highest-grade gold intersections yet from the company’s debut campaign at the site.
What management says
Oriole Resources PLC (AIM:ORR) CEO Martin Rosser talked with Proactive's Stephen about the company's progress at the Mbe gold project in Cameroon. Rosser shared an update on the maiden drilling campaign, which includes 24 holes over a 6,590-meter program. The initial results are promising, with the first hole extending 358 meters and showing geological similarities to earlier trenching studies.
Rosser emphasised the importance of the drilling program in identifying potential gold resources at depth, following significant surface results from soil sampling and trenching at the Mbe South prospect. The first assay results are anticipated early in the new year, and the program continues steadily with the second hole already underway.
Rosser concluded by expressing optimism about the campaign's outcomes and the upcoming analysis from the laboratory in Ghana.
Proactive Research
This company may be familiar to many investors under its previous guise as Stratex International, when its focus was as a hybrid developer/project generator, with a strong bias towards Turkey.