Oracle Power PLC Northern Zone Gold Project Update

RNS Number : 7386Y

Oracle Power PLC

27 February 2025

 

27 February 2025

Oracle Power PLC

("Oracle" or the "Company")

 

Northern Zone Gold Project Update:

Two Drilling Rigs Booked to Commence 2025 Drilling Season

 

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that further to the announcement of 13 February 2025, Riversgold Limited (ASX: RGL), the Company's partner at the Northern Zone Gold Project located 25km east of Kalgoorlie in Western Australia, has confirmed further details regarding the upcoming planned drill programme.

 

Highlights:

 

·    1,280m RC programme drilling to a depth of 100m to 120m expected to commence imminently with the RC rig due to arrive on site tomorrow.

·    The RC programme will test extensions at depth to previous holes that ended in mineralisation and high-grade shallow intercepts.

·    Gamma logs to be run to provide bulk density measurements for MRE work.

·    2,000m Aircore drilling to test shallower mineralisation due to start around 17 March.

·    Mining Lease application M25/389 has been submitted to Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to convert Northern Zone to a Mining Lease.

 

Naheed Memon, CEO of Oracle, commented:

"Two rigs are now planned to kick off the 2025 drill season at our Northern Zone Project, also known as the Kalgoorlie East Gold Project. We have added an RC rig to the programme that we announced on the 13 February to drill into the transition zone below the weathered oxide zone."

 

**ENDS**

For further information on Oracle, 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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