RCS - Oracle Power PLC - Northern Zone Site Visit, Western Australia

Oracle PowerAnnouncement

23/08/2024 07:00

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RNS Number : 4820B  Oracle Power PLC  23 August 2024

23 August 2024

Oracle Power PLC

("Oracle" or the "Company")

Northern Zone Project Site Visit, Western Australia

Oracle Power PLC (AIM: ORCP), an international project developer, is pleased
to announce a site visit update in respect of its Northern Zone Intrusive
Hosted Gold Project in Western Australia (the "Northern Zone Project" or the
"Project").

 

Last week, Oracle's Non-Executive Director, David Hutchins, along with the
Company's senior geological consultant, Ed Mead, conducted a site visit to the
Northern Zone Project. This visit was scheduled to review progress at the
Project, where ASX-listed Riversgold Limited ("Riversgold") is now nearing
fulfilment of its earn-in expenditure obligations and collating and
interpreting assay results from its latest drill programme, which are expected
to be finalised for release in the near term.

 

The Northern Zone Project is situated 25 kilometres east of Kalgoorlie, the
heart of Western Australia's gold mining industry. As evident from the
pictures below, the site is easily accessible via a major paved road from
Kalgoorlie, followed by a well-maintained graded bush road leading directly to
the property. The terrain is typical of Australia's flat bushland, with sparse
native vegetation.

 

The Northern Zone Project is being advanced with Riversgold, which has the
right to earn up to an 80% interest in the tenement, as detailed in the
Company's announcement of 9 May 2023. The Project has an Exploration Target of
200 to 250 million tonnes at a grade of 0.4 g/t to 0.6 g/t Au for 2.5 million
oz to 4.8 million oz of gold, as announced by Riversgold on the ASX on 9 May
2023.

 

Naheed Memon, CEO of Oracle, commented: "We are delighted that David has
recently had the opportunity to visit the Northern Zone Project site, at an
important time for the project. He reviewed ongoing exploration activities,
and preparation of sample bags at the site of drill hole NZRC001, which has
previously recorded a significant intercept of 18m at 4.14 g/t Au from 36m
depth. Riversgold, continues to make good progress at the Project, with the
forthcoming assay results from infill drilling expected to further expand this
large porphyry system."

 

 

For further information, visit www.oraclepower.co.uk or contact:

 Oracle Power PLC
 Naheed Memon - CEO                                                              +44 (0) 20 7236 1177

 St Brides Partners Limited (Financial PR)

 Susie Geliher, Isabel de Salis                                                  oracle@stbridespartners.co.uk

 

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