Blue Rocks Copper Project Update
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
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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 Id | Type | MGA_E | MGA_N | Elevation (m) | Total Depth (m) | Dip ( o ) | AZM_MGA | Date |
|---|---|---|---|---|---|---|---|---|
| NZRC007 | RC | 381512 | 6592636 | 356.95 | 120 | -60 | 225 | 04/03/25 |
| NZRC008 | RC | 381560 | 6592644 | 356.82 | 121 | -60 | 225 | 03/03/25 |
| Table 2: Northern Zone Significant Intercepts | ||||||||
| Hole ID | From (m) | To (m) | Width (m) | Au g/t | Intercept | |||
| NZRC007 | 39 | 93 | 54 | 0.65 | 54m @ 0.65 g/t Au from 39m | |||
| including | 39 | 46 | 7 | 3.62 | inc. 7m @ 3.62 g/t Au from 39m | |||
| including | 42 | 43 | 1 | 10.81 | inc. 1m @ 10.81 g/t Au from 42m | |||
| including | 44 | 45 | 1 | 12.10 | inc. 1m @ 12.10 g/t Au from 44m | |||
| including | 52 | 53 | 1 | 3.97 | inc. 1m @ 3.97 g/t Au from 52m | |||
| NZRC008 | 37 | 91 | 54 | 0.51 | 54m @ 0.51 g/t from 37m | |||
| including | 37 | 42 | 5 | 4.37 | inc. 5m @ 4.37 g/t Au from 37m | |||
| including | 40 | 41 | 1 | 15.13 | inc. 1m @ 15.13 g/t Au from 40m | |||
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