RCS - Oracle Power PLC - Northern Zone Gold Project Update

Oracle PowerAnnouncement

27/02/2025 11:30

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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 (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

 

 

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