MINING REFINING

Oriole Resources updates Senala gold exploration target

Thu June 19 2025

Oriole Resources PLC (AIM:ORR) has updated the JORC Exploration Target for its Senala gold project, in eastern Senegal, pitched in a range between 17 million and 24 million tonnes (at 0.69 to 0.84 grams per tonne gold).

This would equate to 380,000 to 650,000 ounces of contained gold.

The Exploration Target lies outside the existing 2021 Mineral Resource Estimate for Faré South.

"Senegal is a richly endowed gold mining country and the updated exploration target for the Senala gold project gives positive encouragement that it has considerable upside potential to host a significant sized gold deposit,” chief executive Martin Rosser said.

“The project is well located to already delineated large gold deposits in Senegal, as well as in western Mali.

“We look forward to finalising the joint venture agreement with our partners Managem and determining that potential to the full."

Oriole noted that it is now finalise the joint venture agreement with partner AGEM, which is expected to manage further exploration of the project, focusing on resource definition.

Source: https://www.proactiveinvestors.co.uk/