Oriole Resources PLC has released fresh assay results from its ongoing diamond drilling at the MB01-N target of the Mbe gold project in Cameroon, where the company holds a 90% stake.
The latest batch of results covers holes MBDD027 through MBDD030. The standout intercept was recorded in hole MBDD027 - 16.10 metres at 2.49g/t gold from 152.40m, which includes a higher-grade 1.00m segment at 28.60g/t gold. That same hole also yielded 2.00m at 6.57g/t gold from 52.00m and a broader lower-grade zone of 14.80m at 0.73g/t gold from 106.50m.
Additional results from the four-hole set comprise:
- MBDD028: 17.10m at 0.60g/t gold from 55.00m
- MBDD029: 2.00m at 1.50g/t gold from 128.10m
- MBDD030: 2.00m at 0.91g/t gold from 127.50m
Company interpretation indicates the mineralization intercepted in MBDD027 is a continuation of the mineralised system previously reported in MBDD026, which lies approximately 100m to the north. The new data confirm the system persists to a vertical depth of at least 160m from surface.
Oriole stated the drilling program is fully funded and about 70% complete, with more than 2,000 metres drilled across ten holes to date. The campaign is expected to conclude later in Q1-2026. Once drilling is finished, Oriole will prepare a maiden JORC Resource for the MB01-N target, which is intended to be added to the existing 870,000 ounce JORC Resource at the nearby MB01-S deposit.
On the commercial side, the company has said that upon completion of the programme, BCM International Limited will acquire a 50% interest in the Mbe project.
Commenting on the results, Martin Rosser, Chief Executive Officer of Oriole Resources, said: "We are pleased to report another set of significant results from the drilling at MB01-N. The programme continues to progress at a good rate and is already over two thirds complete."
The following sections outline the principal takeaways and known uncertainties from the release.