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
|
+44 (0) 203 580
4314
|
|
Strand Hanson Limited (Nominated
Adviser & Broker)
Rory Murphy, Matthew Chandler, Rob
Patrick
|
+44 (0) 20 7409
3494
|
|
St Brides Partners Limited
(Financial PR)
Susie Geliher, Isabel de
Salis
|
+44 (0) 20 7236
1177
|
