CatalystWireBeta

Blue Rocks Copper Project Update

In brief · summary, not quotable

Apex Geoscience begins maiden geochemical sampling programme at Blue Rocks copper project in Western Australia.

  • Highest copper rock chip sample 25.7%
  • Blue Rock valley copper mineralised trend strike ~2km
  • Project distance from Onslow port 165km southeast
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 Apex Geoscience has started the maiden geochemical sampling programme to progress exploration at the Blue Rock Valley Copper and Silver Project (the "Project"), located in the Ashburton Basin in the northwest region of Western Australia. The Project is located 165km southeast of Onslow, the main port for the region's Iron and LNG exports, which is a multi-user port. The Project site is accessed from the North West Coastal Highway on a well-maintained unsealed road. Refer to Figure 1 below for location.

Apex Geoscience has started the geochemical sampling programme over the multiple gravity targets identified along the main Blue Rock valley copper mineralised trend of ~2km strike, Figures 2 and 3. Drilling targets will be refined by this sampling programme. Further geophysical techniques are also being considered such as Expert Geophysics MobileMT drone-based system, that has had been successful in identifying sulphide anomalies in Western Australia.

Naheed Memon, CEO of Oracle, commented:

"I am very pleased with the positive results to date, and it is great to now bring Apex Geoscience in to the project and start exploration over the gravity anomalies that strike over ~ 2km around the high grade copper rock chip samples. Geochemical sampling is underway as the next best step to advance the project towards drilling, and will be used as a multi vector to rank gravity anomalies for priority drilling. I look forward to updating shareholders in due course as we continue work advancing this project."

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

Project Geology

Mineralisation

The Ashburton Mineral Field (which incorporates the Project area) has a long history of gold, copper, silver, lead and zinc exploration.

Blue Rock Valley high-grade rock chip and grab samples as announced on 12 July 2024 that confirmed the historical tenure of the copper mineralisation:

  • 18.2% Copper, OBR001
  • 12.34% Copper, OBR002
  • 25.7% Copper, OBR003
  • 8.56% Copper, OBR004
  • 10.08% Copper, OBR005

A ground gravity survey confirmed multiple gravity targets for follow up work along the main Blue Rock valley copper mineralised trend of ~2km strike the survey covered.

Figure 1: Blue Rock Valley project location and access

Figure 2: Zoomed in gravity survey results over the immediate Blue Rock Valley known mineralisation with 1VD Bouguer Gravity anomalies highlighted in red circles

Figure 3: 1VD Bouguer Gravity with VTEM anomalies (Red Stars) and red oval for Blue Rock Valley gravity anomalism. Red rectangle of area to be targeted with geochemical sampling.

APPENDIX 1: Drilling Information

Table 1: Northern Zone Drill Collar Locations

Hole IdTypeMGA_EMGA_NElevation (m)Total Depth (m)Dip ( o )AZM_MGADate
NZRC007RC3815126592636356.95120-6022504/03/25
NZRC008RC3815606592644356.82121-6022503/03/25
Table 2: Northern Zone Significant Intercepts
Hole IDFrom (m)To (m)Width (m)Au g/tIntercept
NZRC0073993540.6554m @ 0.65 g/t Au from 39m
including394673.62inc. 7m @ 3.62 g/t Au from 39m
including4243110.81inc. 1m @ 10.81 g/t Au from 42m
including4445112.10inc. 1m @ 12.10 g/t Au from 44m
including525313.97inc. 1m @ 3.97 g/t Au from 52m
NZRC0083791540.5154m @ 0.51 g/t from 37m
including374254.37inc. 5m @ 4.37 g/t Au from 37m
including4041115.13inc. 1m @ 15.13 g/t Au from 40m

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