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Yaoundé - 07 July 2020 -
Mining

Cameroon : “an underexplored but highly prospective country” in the mining sector, says Oriole Resources CEO Tim Livesey

Cameroon : “an underexplored but highly prospective country” in the mining sector, says Oriole Resources CEO Tim Livesey
  • Comments   -   Thursday, 29 August 2019 14:28

"(Business in Cameroon) - The first half of 2019 has seen significant activity across the group (…) We are expanding our position in Cameroon to build on our success to date in what is an underexplored but highly prospective country," these were the words of Oriole Resources’s managing director Tim Livesey according to British media Morningstar.

Let’s note that Oriole Resources has gold assets on Bibemi and Wapouzé licences in North-Cameroon. Those licences were sold to Oriole by Canadian group Reservoir Minerals. Before the sale, on November 18, 2014, Reservoir Minerals announced the discovery of high levels of gold mineralization reaching 10.95 g/t out of 3.6 m up from 2.6 to 6.2 m.

The result confirms “excellent potential for gold mineralization close to the surface for 19 km,” said Simon Ingram, then Reservoir Minerals’ CEO.

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