Oriole Resources has confirmed significant gold anomalism at the Dalafin project in the Kédougou-Kéniéba inlier of eastern Senegal.
The encouraging results follow systematic Air Core (AC) drilling conducted at the project by Iamgold.
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The campaign confirmed the presence of broad zones of anomalous gold mineralisation, as well as higher grade samples.
Oriole owns an 85% stake in the Dalafin project, while the remaining 15% stake is held by Energy & Mining (EMC).
In March, Oriole signed an option agreement over the project with Iamgold. Pursuant to the agreement, Iamgold can acquire a 70% interest in the project by incurring an expenditure of $8m.
Iamgold commenced a multi-phase drilling programme on the southernmost Madina Bafé prospect in May. The prospect is situated around 12km to the west-northwest of its 2.49Moz Boto gold project, for which the company will soon apply for a mining licence.
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By GlobalDataOriole Resources CEO Tim Livesey said: “We are very glad to see IAMGOLD progressing so quickly with their earn-in on Dalafin and are especially pleased that the initial AC drilling campaign has been successful in ‘seeing-through’ the lateritic cover, identifying broad zones of anomalous gold mineralisation, as well as higher grade samples that could indicate a feeder zone at depth.
“These encouraging results have not only supported previous work by Oriole but have importantly also identified new targets. Both will be the focus of deeper, follow-up RC and diamond drilling, commencing next month.”
Previously, Oriole carried out exploration work, including trenching, mapping, and sampling programmes at Madina Bafé. The work identified a 1,200m x 30m-45m northeast-striking mineralised zone in the south-east of the prospect.
Mineralisation identified at the prospect included sheeted tourmaline-quartz veins and quartz-tourmaline breccias.
Next month, a 3,000m reverse circulation (RC) drilling programme will be undertaken to test newly generated targets and along strike from mineralised holes previously reported by Oriole.
