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
Naheed Memon - CEO
|
+44 (0) 20
7236 1177
|
|
Strand Hanson Limited (Nominated Adviser &
Broker)
Rory Murphy, Matthew Chandler, Rob
Patrick
|
+44 (0) 20
7409 3494
|
|
St
Brides Partners Limited (Financial PR)
Isabel de Salis, Susie
Geliher
|
oracle@stbridespartners.co.uk
|