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Oriole Resources' Tim Livesey encouraged by results of follow-up Dalafin drilling

Tim Livesey, chief executive of Oriole Resources PLC (LON:ORR), tells Proactive London's Andrew Scott further drilling at their Dalafin project in Eastern Senegal has indicated gold mineralisation at the Medina Bafe target continues at depth.

Oriole has an 85% stake in Dalafin, but Canadian major IAMGOLD is carrying out the exploration and can earn a 70% stake in the project if it spends US$7mln.

The best intersections were 8m at 2.56 g/t gold and 6m at 1.61 g/t at depths of 47m and 76m.

 

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