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Oriole Resources Plc
Summary
| Project: | Pandora | |
|---|---|---|
| Deposit: | Pandora | |
| Location: | Djibouti | |
| Commodities: | Gold | |
| Date: | 7/16/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-7-2020: Oriole Resources Plc announces an Exploration/Drilling Update report for its Pandora deposit at the Pandora project. Drilling results incl. 16.86m @ 1.42g/t Au from 13m. The Company has received an update from TSD with respect to the Pandora pr | |
| Resources: | x | |
| CP/QP: | [Overall Report] Claire Bay (Internal) | |
| ABSTRACT: | The Company has received an update from TSD with respect to the Pandora project, where a 1,242 m Phase 3 diamond drilling programme was completed earlier this year for 13 holes (Announcement dated 9 March 2020). Located within the Oklila licence, the Pandora project is a low-sulphidation epithermal system that comprises a series of interconnected mineralised veins and structures (a total of seven prospects) that outcrop over a strike length of more than 6.0 kilometres ('km'). The system is hosted predominantly within stratiform basalts, that dip gently to the south-west. Geological markers identified at Pandora suggest that the epithermal system (and thus any potential resource) is largely intact, with the region having undergone very little erosion. Work to date has been focussed on three main prospects: the northwest-trending Pandora Main and Pandora South structures, that dip sub-vertically (80-90 degrees) to the northeast and extend over a combined 2.0 km, with widths of up to 15 m at surface; and the sub-parallel west-northwest trending Pyrrha vein that dips steeply (70-80 degrees) to the north-northeast and extends over 1.5 km with surface widths of up to 1.7 m. | |
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