Oracle Power PLC 2025 Drilling Campaign to Commence - Northern Zone

RNS Number : 9980W

Oracle Power PLC

13 February 2025

 

13 February 2025

Oracle Power PLC

("Oracle" or the "Company")

 

2025 Drilling Campaign to Commence at Northern Zone

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that drilling is planned to re-commence in March 2025 at the Northern Zone Intrusive Hosted Gold Project ("Northern Zone"), located just 25km east of Kalgoorlie, Western Australia.

 

·      Next phase of drilling at Northern Zone aims to target and extend previous identified higher grade gold intercepts via a series of SW-NE orientated extensional lines using a nominal 20m spacing.

·      A drilling contractor has been booked and will be mobilising to site in March 2025.

·      Northern Zone features a 600m wide porphyry system and previously announced significant results to date include:

o  8m @ 4.86 g/t Au from 34m (NZAC090)

o  7m @ 4.07 g/t Au from 48m (NZAC0107)

o  4m @ 7.47 g/t Au from 49m (NZAC113)

o  5m @ 12.27 g/t Au from 32m (NZAC062)

o  16m @4.69 g/t Au from 30m (NZAC033)

o  110m @ 0.6 g/t Au from 208m (RSDD02) - diamond drill hole

o  154m @ 0.58 g/t Au from 98m (21OPRC004) - RC drill hole

o  330m @ 0.49 g/t Au from 30m incl 54.79 @ 1.15 g/t Au from 213m (BNRC066) - RC drill hole

·      The next drill programme has been planned to follow up on these highly positive results.

 

Naheed Memon, CEO of Oracle, commented:

"The Northern Zone continues to deliver significant gold intercepts, and I am very pleased that we will be launching our 2025 drilling campaign in the coming weeks. The mining lease submission to convert the project to a mining licence signifies our commitment and belief in this project.  The significant high-grade gold assays at Northern Zone from 2024 drilling have continued to expand the gold mineralised footprint of the porphyry over a larger area and confirms the presence of a significant gold system. The Australian dollar gold price has passed $4,500/ounce, which bodes well for this exciting project."

 

**ENDS**

 

For further information on Oracle Power Plc, visit the Company's website http://www.oraclepower.co.uk or contact: 

  

Oracle Power PLC  Naheed Memon - CEO	[phone]
Strand Hanson Limited (Nominated Adviser & Broker)  Rory Murphy, Matthew Chandler, Rob Patrick	[phone]
St Brides Partners Limited (Financial PR)  Susie Geliher, Isabel de Salis	[phone]

 

 

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END

 

 

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