REG - Oracle Power PLC - Northern Zone: Gold Samples Submitted for Assay

Oracle PowerAnnouncement

11/11/2024 07:00

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RNS Number : 6455L  Oracle Power PLC  11 November 2024

11 November 2024

Oracle Power PLC

("Oracle" or the "Company")

Gold Samples Submitted for Assay

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to
announce that the latest round of drilling at the Northern Zone Intrusive
Hosted Gold Project in Western Australia (the "Northern Zone Project") has now
been completed. Further to the announcement of 30 October 2024, the aircore
(AC) drill campaign comprised of 26 drill holes in which 1,545 metres were
completed, and the samples have now been submitted to the laboratory for gold
assay.

 

Highlights:

o  26 AC holes completed for 1,545 metres, and the samples have been
submitted to the laboratory for gold assay.

o  The programme was designed to follow up the previous drill programme
results that include 1 :

§ 7m @ 3.90 g/t Au from 35m (NZAC055)

§ 4m @ 3.97 g/t Au from 32m (NZAC061)

§ 4m @ 6.92 g/t Au from 57m (NZAC061)

§ 5m @ 12.27 g/t Au from 32m (NZAC062) (inc. 1m @ 58.09 g/t Au from 34m)

§ 11m @ 1.44 g/t Au from 29m (NZAC064)

§ 29m @ 1.29 g/t Au from 54m (NZAC065)

§ 5m @ 2.07 g/t Au from 46m (NZAC068)

§ 6m @ 3.48 g/t Au from 73m (NZAC077)

§ 8m @ 2.07 g/t Au from 50m (NZAC079)

o  Gold assay results are expected to be received in the next four weeks and
further drill programmes will be considered once received.

o  A mineralisation report is underway and when completed an application for
a Mining Lease is to be made.

 

Naheed Memon, CEO of Oracle, commented: "Swift progress continues at the
Northern Zone Project, and we look forward to the next round of gold assay
results, as well as the completion of the mineralisation report and
application for a mining licence, enabling us to advance the project quickly.
The more recent set of high-grade gold assays at the Northern Zone Project
have continued to expand the gold mineralised footprint of the porphyry over a
much larger area than originally anticipated and it has confirmed the presence
of a significant gold mineralised system that is located just 25km east of
Kalgoorlie, Western Australia."

 

-ENDS-

For further information contact:

 

 Oracle Power PLC                                        +44 (0) 20 7236 1177

 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)               oracle@stbridespartners.co.uk

 Isabel de Salis, Susie Geliher

 

 

 

 

 1  Riversgold Limited (RGL) ASX announcement 18 September 2024 "Gold Porphyry
Intercepts Continue to be Drilled by RGL"

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