Oriole Resources PLC - IAMGOLD Completes AC Drilling at Madina Bafé
IAMGOLD Completes AC Drilling at Madina Bafé
IAMGOLD has completed 4,167 metres ("m") of a planned 5,000m programme of shallow aircore ("AC") drilling at the Madina Bafé prospect ("Madina Bafé" or the "Prospect") as part of its Year 2 commitment (announcement dated
· IAMGOLD has completed regional AC drilling at Madina Bafé for 4,167m to intersect the weathered profile;
· Results for 869 holes have identified multiple new >20 ppb Au anomalies, including:
o 3.5km long1 northeast-trending anomaly in the south of the Prospect - related to a previously-defined 0.4km anomaly (>50 ppb Au) c.1km to the southwest;
o 2km long northeast-trending anomaly in the north of the Prospect, related to cross-cutting zones of higher-grade anomalism;
· Best results include 235 ppb Au, 157 ppb Au, 138 ppb Au, 104 ppb Au and 99 ppb Au;
o 4,000m reverse circulation ('RC') drilling at Madina Bafé to follow-up on best results to date;
o 2,500m regional AC drilling at Saroudia prospect, c.2 km to the north west;
o Subsequent 1,600m RC drilling at Saroudia to follow-up on best AC results.
1 discountinuous due to lack of sample recovery.
"The identification of yet more gold targets has expanded our area of interest in the south of Madina Bafé to a substantial 16km2. The identification of a further 2km long anomaly several kilometres north of this, leaves us convinced of the more prospective nature of our Dalafin licence within this highly endowed geological terrane.
"We are confident that follow-on RC Drilling will provide further definition of these targets at Madina Bafé, and that more anomalism will be identified as the programme extends to the Saroudia area."
As part of its Year 2 exploration commitment at Dalafin, IAMGOLD has recently completed 904 vertical AC drill holes at the Madina Bafé prospect for a total 4,167m of a planned 5,000m programme. Drilling was completed on a 400m by 50m grid and, as per the initial 2018 AC drilling, one bottom of hole sample (from the upper saprolite or mottled zone) was taken per hole to test the bedrock geochemistry. Samples for 869 holes were assayed for low-level gold (2 ppb Au detection limit) and multi-elements.
The recent programme was focused on extending northwards the earlier 2018 AC drilling grid at Madina Bafé, which had outlined multiple gold anomalies (>20ppb Au) including a c.1.5km west-northwest trending anomaly in the south-east (announcement dated
Best results from the programme include 99 ppb Au, 104 ppb Au, 138 ppb Au, 157 ppb Au and 235 ppb Au. They have outlined a 3.5km long2 northeast-trending anomaly (>20 ppb Au with a higher-grade zone of >50 ppb Au extending over 1.25km). This appears to be related to a 0.4km long anomaly (>50 ppb Au) c.1km to the southwest that was indentified during the 2018 AC drilling campaign. A second parallel anomaly 1km to the east extends over 1.25km and returned up to 138 ppb Au. The broader zone of anomalism in the south of the Prospect now extends over an area of 4km x 4km.
The results have also identified a new 2km-long anomaly in the north of the Prospect, with higher grade results (>50 ppb Au) within the zone apparently related to northwest-trending cross-cutting structures. These structures are also mineralised (>50 ppb Au) with anomalism extending over distances of up to 1.5km. The northeast-trend of the anomalism is consistent with a number of other shear-related mineralised zones to the south, which were indentified during the 2018 AC drilling campaign.
The camp has been closed down for the rainy season and the c.
As previously reported, IAMGOLD will also step north to test the Saroudia prospect, located c.2km northwest of Madina Bafé (announcement dated
For further information, including Madina Bafé and Saroudia drill plans and a JORC Table 1 please see the Dalafin page of our website https://orioleresources.com/projects/dalafin/.
2 discountinuous due to lack of sample recovery.
Under the terms of the Agreement, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of IAMGOLD, is earning-in to an initial 51% interest in the Project by expending
Competent Persons Statement
The information in this release that relates to Exploration Results has been compiled by, and is based on information reviewed on behalf of the Company, by
** ENDS **
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