REG - Oracle Power PLC - Drilling Underway at Northern Zone

Oracle PowerAnnouncement

24/05/2024 14:00

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RNS Number : 8845P  Oracle Power PLC  24 May 2024

24 May 2024

Oracle Power PLC

("Oracle", the "Company")

 

Drilling Underway at Northern Zone

25km ESE of Kalgoorlie, Western Australia

 

Oracle Power PLC (AIM:ORCP) is pleased to announce that, further to its
announcement of 17 May 2024, its farm in partner, Riversgold Ltd (ASX:RGL),
has commenced air core ("AC") drilling at its Northern Zone Gold Project (the
"Project"), located 25km east of Kalgoorlie in Western Australia.

The AC drilling is designed to test the Project for supergene gold. The
Company expects to arrival of the second drill rig in the imminent future.

 

Naheed Memon, CEO of Oracle, commented:

"It is great to see the ambitious drilling plans underway, and the
commencement of AC drilling at the Northern Zone Gold Project, located just to
the east of Kalgoorlie. With a substantial gold Exploration Target centred
around a large porphyry gold system proven to exceed +100m in true width from
previous drilling, we eagerly anticipate the results of this program. Drilling
efforts will accelerate further with the arrival of a second rig shortly."

 

Australian Air Core Pty Limited ("Australian Air Core") is undertaking the AC,
Figures 1 and 2.

 

Figure 1: Australian Air Core AC rig on site at the Northern Zone Project

 

Figure 2: Australian Air Core AC rig on site at the Northern Zone 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

Naheed Memon -
CEO
+44 (0) 203 580 4314

 

Strand Hanson Limited (Nominated Adviser)

Rory Murphy, Matthew Chandler, Rob Patrick
                +44 (0) 20 7409 3494

 

St Brides Partners Limited (Financial PR)

Isabel de Salis, Susie Geliher
                                     +44 (0) 20 7236 1177

 

 

 

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