Northern Zone Gold Project Update
Northern Zone gold project drilling results confirm high-grade gold intercepts; 1,303 samples pending assay results.
- RC drill programme completed 1,289 metres
- Vertical drill programme samples submitted 1,303 samples from 1,805m
- Best intercept NZRC016 18m @ 1.94 g/t Au including 3m @ 8.20 g/t Au
- Best intercept NZRC012 6m @ 6.12 g/t Au
- All RC drillholes intersected gold mineralisation 11 of 11 holes
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1,303 samples from 1,805m drill programme awaiting assay, with results to date continuing to confirm high grade gold intercepts within a lower grade gold halo
Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce the assay results from the final four angled reverse circulation (RC) drill holes of an 11 hole, 1,289 metre programme recently completed at the Northern Zone Intrusive Hosted Gold Project ("Northern Zone"), located 25 km east of Kalgoorlie in Western Australia (refer to Figure 1 for location).
A further 1,303 samples from a 1,805m vertical drill programme have been submitted to the assay laboratory, with results expected over the coming weeks.
Highlights:
o Significant gold intercepts from angled RC drill holes:
§ 11m @ 1.38 g/t Au from 80m (NZRC015)
§ 18m @ 1.94 g/t Au from 49m (NZRC016)
inc. 3m @ 8.20 g/t Au from 60m
§ 14m @ 0.72 g/t Au from 41m (NZRC017)
inc. 3m @ 2.60 g/t Au from 52m
§ 12m @ 0.25 g/t Au from 69m (NZRC017)
§ 9m @ 0.56 g/t Au from 93m (NZRC017)
inc. 1m @ 2.14 g/t Au from 101m to EOH
o All RC drillholes from the 11-hole angled programme intersected gold mineralisation (refer to Appendix 1, table 1)
o 1,303 samples are awaiting assay from a further 32 vertical drill hole programme targeting oxide mineralisation
o The results of recent drilling continue to confirm and enlarge the shallow gold mineralisation associated with the Northern Zone porphyry
o The dynamic Leapfrog gold model for Northern Zone will be updated with these latest results in the coming weeks, which will inform and guide future drill campaigns
Naheed Memon, CEO of Oracle, commented:
"The results continue to complement previous drill programmes, and we continue to increase the footprint of the gold mineralisation, revealing good gold tenor within the shallower top of this considerable mineralised porphyry. We have a further 1,303 samples in the lab awaiting assay from 32 drill holes, that will continue the Company's consistent and regular news releases, reporting gold results as we advance the Northern Zone Gold Project towards a maiden MRE."
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
APPENDIX 1: Drilling Information
Table 1: Northern Zone Significant Intercepts from all RC drill holes
| Hole ID | From (m) | To (m) | Width (m) | Au g/t | Intercept | |||
|---|---|---|---|---|---|---|---|---|
| NZRC007 | 40 | 55 | 15 | 2.1 | 15m @ 2.1 g/t Au from 40m , NZRC007 | |||
| NZRC008 | 37 | 42 | 5 | 4.37 | 5m @ 4.37 g/t Au from 37m , NZRC008 | |||
| NZRC009 | 68 | 69 | 1 | 0.89 | 1m @ 0.89 g/t Au from 68m , NZRC009 | |||
| NZRC010 | 35 | 50 | 15 | 0.75 | 15m @ 0.75 g/t Au from 35m , NZRC010 | |||
| NZRC010 | 107 | 128 | 21 | 0.53 | 21m @ 0.53 g/t Au from 107m , NZRC010 | |||
| NZRC011 | 39 | 44 | 5 | 1.72 | 5m @ 1.72 g/t Au from 39m , NZRC011 | |||
| NZRC011 | 103 | 107 | 4 | 0.6 | 4m @ 0.6 g/t Au from 103m , NZRC011 | |||
| NZRC012 | 35 | 41 | 6 | 6.12 | 6m @ 6.12 g/t Au from 35m , NZRC012 | |||
| NZRC012 | 70 | 76 | 6 | 1.03 | 13m @0.73 g/t Au from 70m , NZRC012 | |||
| NZRC012 | 110 | 114 | 4 | 0.71 | 4m @ 0.71 g/t Au from 110m , NZRC012 | |||
| NZRC013 | 41 | 48 | 7 | 0.66 | 7m @ 0.66 g/t Au from 41m , NZRC013 | |||
| NZRC014 | 56 | 57 | 1 | 2.99 | 1m @ 2.99 g/t Au from 56m , NZRC014 | |||
| NZRC015 | 80 | 91 | 11 | 1.38 | 11m @ 1.38 g/t Au from 80m , NZRC015 | |||
| NZRC016 | 49 | 67 | 18 | 1.94 | 18m @ 1.94 g/t Au from 49m , NZRC016 | |||
| including | 60 | 63 | 3 | 8.20 | Including 3m @ 8.20 g/t Au from 60m | |||
| NZRC017 | 41 | 55 | 14 | 0.72 | 14m @ 0.72 g/t Au from 41m , NZRC017 | |||
| including | 52 | 55 | 3 | 2.60 | Including 3m @ 2.60 g/t Au from 52m | |||
| NZRC017 | 69 | 81 | 12 | 0.25 | 12m @ 0.25 g/t Au from 69m , NZRC017 | |||
| NZRC017 | 93 | 102 | 9 | 0.56 | 9m @ 0.56 g/t Au from 93m , NZRC017 | |||
| including | 101 | 102 | 1 | 2.14 | Including 1m @ 2.14 g/t Au from 101m to EOH | |||
| Table 2: 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 |
| NZRC009 | RC | 381533 | 6592656 | 356.98 | 100 | -60 | 225 | 05/03/25 |
| NZRC010 | RC | 381655 | 6592674 | 356.62 | 180 | -60 | 225 | 07/03/25 |
| NZRC011 | RC | 381666 | 6592632 | 356.47 | 120 | -60 | 225 | 08/03/25 |
| NZRC012 | RC | 381607 | 6592572 | 356.66 | 120 | -60 | 225 | 08/03/25 |
| NZRC013 | RC | 381658 | 6592580 | 356.22 | 120 | -60 | 225 | 09/03/25 |
| NZRC014 | RC | 381851 | 6592623 | 356.48 | 102 | -60 | 225 | 10/03/25 |
| NZRC015 | RC | 381979 | 6592682 | 356.85 | 102 | -60 | 225 | 10/03/25 |
| NZRC016 | RC | 381823 | 6592922 | 356.47 | 102 | -60 | 225 | 10/03/25 |
| NZRC017 | RC | 381871 | 6592949 | 357.69 | 102 | -60 | 225 | 11/03/25 |
Table 3: Northern Zone assay results above 0.3 g/t Au
| Hole ID | Depth From | Depth To | Width | Au ppm |
|---|---|---|---|---|
| NZRC007 | 39 | 40 | 1 | 1.05 |
| NZRC007 | 41 | 42 | 1 | 0.49 |
| NZRC007 | 42 | 43 | 1 | 10.81 |
| NZRC007 | 44 | 45 | 1 | 12.1 |
| NZRC007 | 45 | 46 | 1 | 0.6 |
| NZRC007 | 51 | 52 | 1 | 0.73 |
| NZRC007 | 52 | 53 | 1 | 3.97 |
| NZRC007 | 53 | 54 | 1 | 0.79 |
| NZRC007 | 91 | 92 | 1 | 0.73 |
| NZRC007 | 118 | 119 | 1 | 0.36 |
| NZRC008 | 37 | 38 | 1 | 3.5 |
| NZRC008 | 39 | 40 | 1 | 2.46 |
| NZRC008 | 40 | 41 | 1 | 15.13 |
| NZRC008 | 41 | 42 | 1 | 0.5 |
| NZRC008 | 64 | 65 | 1 | 0.51 |
| NZRC008 | 75 | 76 | 1 | 0.63 |
| NZRC008 | 76 | 77 | 1 | 0.94 |
| NZRC008 | 81 | 82 | 1 | 0.34 |
| NZRC008 | 90 | 91 | 1 | 0.32 |
| NZRC009 | 68 | 69 | 1 | 0.89 |
| NZRC010 | 35 | 36 | 1 | 0.47 |
| NZRC010 | 36 | 37 | 1 | 0.53 |
| NZRC010 | 37 | 38 | 1 | 0.47 |
| NZRC010 | 38 | 39 | 1 | 0.46 |
| NZRC010 | 40 | 41 | 1 | 0.98 |
| NZRC010 | 42 | 43 | 1 | 0.33 |
| NZRC010 | 49 | 50 | 1 | 7.11 |
| NZRC010 | 103 | 104 | 1 | 0.3 |
| NZRC010 | 108 | 109 | 1 | 1.26 |
| NZRC010 | 114 | 115 | 1 | 0.4 |
| NZRC010 | 115 | 116 | 1 | 0.9 |
| NZRC010 | 116 | 117 | 1 | 0.41 |
| NZRC010 | 118 | 119 | 1 | 0.73 |
| NZRC010 | 120 | 121 | 1 | 0.78 |
| NZRC010 | 121 | 122 | 1 | 0.84 |
| NZRC010 | 123 | 124 | 1 | 0.66 |
| NZRC010 | 125 | 126 | 1 | 0.39 |
| NZRC010 | 126 | 127 | 1 | 0.33 |
| NZRC010 | 127 | 128 | 1 | 2.85 |
| NZRC010 | 150 | 151 | 1 | 0.56 |
| NZRC010 | 153 | 154 | 1 | 0.67 |
| NZRC010 | 160 | 161 | 1 | 0.33 |
| NZRC011 | 39 | 40 | 1 | 1.03 |
| NZRC011 | 40 | 41 | 1 | 4.14 |
| NZRC011 | 41 | 42 | 1 | 2.88 |
| NZRC011 | 43 | 44 | 1 | 0.47 |
| NZRC011 | 80 | 81 | 1 | 0.32 |
| NZRC011 | 82 | 83 | 1 | 0.61 |
| NZRC011 | 83 | 84 | 1 | 0.31 |
| NZRC011 | 99 | 100 | 1 | 0.34 |
| NZRC011 | 103 | 104 | 1 | 1.09 |
| NZRC011 | 106 | 107 | 1 | 0.88 |
| NZRC012 | 21 | 22 | 1 | 0.62 |
| NZRC012 | 35 | 36 | 1 | 0.59 |
| NZRC012 | 36 | 37 | 1 | 32.23 |
| NZRC012 | 37 | 38 | 1 | 1.01 |
| NZRC012 | 38 | 39 | 1 | 2.21 |
| NZRC012 | 40 | 41 | 1 | 0.38 |
| NZRC012 | 70 | 71 | 1 | 0.77 |
| NZRC012 | 71 | 72 | 1 | 0.71 |
| NZRC012 | 72 | 73 | 1 | 1.11 |
| NZRC012 | 73 | 74 | 1 | 0.9 |
| NZRC012 | 74 | 75 | 1 | 1.45 |
| NZRC012 | 75 | 76 | 1 | 1.25 |
| NZRC012 | 81 | 82 | 1 | 2.19 |
| NZRC012 | 82 | 83 | 1 | 0.37 |
| NZRC012 | 106 | 107 | 1 | 0.3 |
| NZRC012 | 110 | 111 | 1 | 0.64 |
| NZRC012 | 113 | 114 | 1 | 0.38 |
| NZRC013 | 41 | 42 | 1 | 0.34 |
| NZRC013 | 42 | 43 | 1 | 2.09 |
| NZRC013 | 45 | 46 | 1 | 0.52 |
| NZRC013 | 46 | 47 | 1 | 0.49 |
| NZRC013 | 47 | 48 | 1 | 0.96 |
| NZRC013 | 94 | 95 | 1 | 0.51 |
| NZRC013 | 95 | 96 | 1 | 0.85 |
| NZRC013 | 103 | 104 | 1 | 0.31 |
| NZRC013 | 47 | 48 | 1 | 0.96 |
| NZRC013 | 94 | 95 | 1 | 0.51 |
| NZRC013 | 95 | 96 | 1 | 0.85 |
| NZRC013 | 103 | 104 | 1 | 0.31 |
| NZRC014 | 56 | 57 | 1 | 2.99 |
| NZRC014 | 76 | 77 | 1 | 0.67 |
| NZRC015 | 30 | 31 | 1 | 0.3 |
| NZRC015 | 32 | 33 | 1 | 0.56 |
| NZRC015 | 54 | 55 | 1 | 0.45 |
| NZRC015 | 55 | 56 | 1 | 0.73 |
| NZRC015 | 58 | 59 | 1 | 0.77 |
| NZRC015 | 80 | 81 | 1 | 0.95 |
| NZRC015 | 81 | 82 | 1 | 6.25 |
| NZRC015 | 82 | 83 | 1 | 0.43 |
| NZRC015 | 83 | 84 | 1 | 0.33 |
| NZRC015 | 86 | 87 | 1 | 1.09 |
| NZRC015 | 87 | 88 | 1 | 2.31 |
| NZRC015 | 88 | 89 | 1 | 1.3 |
| NZRC015 | 89 | 90 | 1 | 0.34 |
| NZRC015 | 90 | 91 | 1 | 1.8 |
| NZRC015 | 100 | 101 | 1 | 0.37 |
| NZRC016 | 49 | 50 | 1 | 1.84 |
| NZRC016 | 50 | 51 | 1 | 4.6 |
| NZRC016 | 54 | 55 | 1 | 0.62 |
| NZRC016 | 60 | 61 | 1 | 4.78 |
| NZRC016 | 61 | 62 | 1 | 16.27 |
| NZRC016 | 62 | 63 | 1 | 3.56 |
| NZRC016 | 63 | 64 | 1 | 0.98 |
| NZRC016 | 64 | 65 | 1 | 0.73 |
| NZRC016 | 65 | 66 | 1 | 0.72 |
| NZRC016 | 66 | 67 | 1 | 0.31 |
| NZRC016 | 71 | 72 | 1 | 0.34 |
| NZRC016 | 74 | 75 | 1 | 0.34 |
| NZRC017 | 41 | 42 | 1 | 0.44 |
| NZRC017 | 42 | 43 | 1 | 0.39 |
| NZRC017 | 48 | 49 | 1 | 0.81 |
| NZRC017 | 49 | 50 | 1 | 0.36 |
| NZRC017 | 52 | 53 | 1 | 6.04 |
| NZRC017 | 53 | 54 | 1 | 1.06 |
| NZRC017 | 54 | 55 | 1 | 0.69 |
| NZRC017 | 58 | 59 | 1 | 0.43 |
| NZRC017 | 69 | 70 | 1 | 0.72 |
| NZRC017 | 75 | 76 | 1 | 0.86 |
| NZRC017 | 80 | 81 | 1 | 0.83 |
| NZRC017 | 93 | 94 | 1 | 0.99 |
| NZRC017 | 94 | 95 | 1 | 0.85 |
| NZRC017 | 97 | 98 | 1 | 0.32 |
| NZRC017 | 100 | 101 | 1 | 0.33 |
| NZRC017 | 101 | 102 | 1 | 2.14 |
APPENDIX 2: JORC INFORMATION
Section 1: Sampling Techniques and Data
Section 2: Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section)
| Criteria | JORC Code explanation | Commentary |
| Mineral tenement and land tenure status | Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. | The Northern Zone Project is comprised of one granted prospecting licence (P25/2651) which covers an area of 82 hectares, and is held in the name of Oracle Gold (WA) Pty Ltd. RGL have farmed into the Tenement and have exceeded minimum spend of $600,000 on exploration expenditure on the tenement within two years, to achieve 80% ownership. RGL has notified Oracle of meeting the farmin. The JV documents are to be formalised by December 2025. Oracle will be required to contribute pro-rata or dilute. |
| Exploration done by other parties | Acknowledgment and appraisal of exploration by other parties. | The majority of previous exploration in the area was by Northern Mining during 2007 to 2012 under the Blair North project, multiple small resource areas were identified at the George's Reward area to the south of P25/2651. Numerous gold intersections were recorded |
| Geology | Deposit type, geological setting and style of mineralisation. | The deposit sought is (Intrusion Related Gold System (IRGS) style of mineral deposit. |
| Drill hole Information | A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. | Refer to Tables and Figures within the body of the release. |
| Data aggregation methods | In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. | Intersections are weighted average grades based on a 0.001 g/t Au cut-off with unlimited waste zones but with a targeted grade of 0.4-0.6g/t Au. |
| Relationship between mineralisation widths and intercept lengths | These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known'). | The diamond drilling programme in 2023 confirmed the apparent widths of mineralisation as being perpendicular to foliation and veining. We believe the step out RC drilling to be the same as the diamond drilling. The true width of mineralisation is still to be fully ascertained. |
| Diagrams | Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. | See body of the announcement for relevant diagrams and photos. |
| Balanced reporting | Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. | The reporting of exploration results is considered balanced by the competent person. |
| Other substantive exploration data | Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. | See body of the announcement. |
| Further work | The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. | · Follow up phases of drilling to further test strike to be undertaken. · Complete a maiden MRE |
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