$ORR.L

Oriole Resources Updates Mineral Resource Estimate at Cameroon's Mbe Gold Project

Oriole Resources (ORR.L) reported on Thursday a 50% increase in the inferred mineral resource estimate for the MB01-S deposit at its 50%-owned Mbe orogenic gold project in Cameroon following a 10-hole step-out drilling program.The updated inferred mineral resource estimate for MB01-S stands at 40.1 million tonnes at a mean grade of 1.01 grams per tonne for 1.3 million ounces of contained gold.Combined with the neighboring MB01-N deposit, the project's total inferred mineral resource estimate stands at 1.66 million ounces of contained gold at a mean grade of 1.02 g/t. The gold exploration and development company said it believes the project has "multi-million-ounce" potential.