CatalystWireBeta

Northern Zone Gold Project Update

In brief · summary, not quotable

Two drilling rigs booked to commence 2025 drilling season at Northern Zone Gold Project in Western Australia.

  • RC drilling programme 1,280m
  • RC drilling depth 100m to 120m
  • Aircore drilling programme 2,000m
  • Aircore drilling start date around 17 March
Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your ORCP notes

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that further to the announcement of 13 February 2025, Riversgold Limited (ASX: RGL), the Company's partner at the Northern Zone Gold Project located 25km east of Kalgoorlie in Western Australia, has confirmed further details regarding the upcoming planned drill programme.

Highlights:

  • 1,280m RC programme drilling to a depth of 100m to 120m expected to commence imminently with the RC rig due to arrive on site tomorrow.
  • The RC programme will test extensions at depth to previous holes that ended in mineralisation and high-grade shallow intercepts.
  • Gamma logs to be run to provide bulk density measurements for MRE work.
  • 2,000m Aircore drilling to test shallower mineralisation due to start around 17 March.
  • Mining Lease application M25/389 has been submitted to Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to convert Northern Zone to a Mining Lease.

Naheed Memon, CEO of Oracle, commented:

"Two rigs are now planned to kick off the 2025 drill season at our Northern Zone Project, also known as the Kalgoorlie East Gold Project. We have added an RC rig to the programme that we announced on the 13 February to drill into the transition zone below the weathered oxide zone."

For further information on Oracle, visit the Company's website http://www.oraclepower.co.uk or contact:

Oracle Power PLC

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

Strand Hanson Limited (Nominated Adviser & Broker)

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

St Brides Partners Limited (Financial PR)

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

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note