REG - Oracle Power PLC - 2025 Drilling Campaign to Commence - Northern Zone

Oracle PowerAnnouncement

13/02/2025 07:00

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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 (http://www.oraclepower.co.uk/) or contact:

 

 Oracle Power PLC                                          +44 (0) 203 580 4314

 Naheed Memon - CEO
 Strand Hanson Limited (Nominated Adviser & Broker)        +44 (0) 20 7409 3494

 Rory Murphy, Matthew Chandler, Rob Patrick
 St Brides Partners Limited (Financial PR)                 +44 (0) 20 7236 1177

 Susie Geliher, Isabel de Salis

 

 

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