Gravity Survey: Blue Rock Valley Project
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Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that a ground based gravity survey has started at the Blue Rock Valley Copper and Silver Project ("Blue Rock" or the "Project"), located in the Ashburton Basin in the northwest region of Western Australia.
Highlights:
- Ground gravity survey underway at the approximately 102km2 Blue Rock project area to better define the mineralised potential following the confirmation of high-grade rock chip and grab samples in Q3 2024.
- High-grade rock chip and grab samples reported in July 2024 had the following grading:
o 18.2% Copper, OBR001
o 12.34% Copper, OBR002 (refer to Figure 1)
o 25.70% Copper, OBR003
o 8.56% Copper, OBR004
o 10.08% Copper, OBR005
- The gravity survey is intended to define areas to be prioritised for drill targeting as the Company moves towards resource definition.
- The gravity survey will cover the central portion of outcrop and VTEM (Versatile Time Domain Electromagnetic) anomalies (refer to Figure 2).
- Blue Rock is located in the highly prospective Ashburton Basin which has been historically exploited for gold, copper, silver and lead.
Naheed Memon, CEO of Oracle, commented: "I am very pleased to announce that we are on the ground at Blue Rock, where a gravity survey is now underway. The aim of the survey is to attempt to define the high-grade copper mineralisation and refine areas for drill targeting. We will also continue to assess the Project for gold and uranium. I look forward to providing shareholders with the results of the gravity survey in due course."
Figure 3: Blue Rock Valley project location and access
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