Grade Control Drill Rig Booked for Northern Zone
Oracle Power PLC announced the booking of a grade control drill rig from Australian Surface Drilling for its Northern Zone Gold Project. The drilling programme, set to commence in three weeks, aims to expand the mineralised footprint of the project. The focus will be on the shallower gold mineralisation located between the west and east mineralisation zones, which were previously identified through drilling. The Northern Zone Intrusive Hosted Gold Project is situated on P25/2651, 25km east of Kalgoorlie in Western Australia. This drilling is the next step in refining the gold production development plans with MEGA Resources, following their deal announced on September 30, 2025.
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Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that a grade control drill rig (see Figure 1) from Australian Surface Drilling (ASD), a preferred services provider of MEGA Resources, has been booked for the upcoming Northern Zone drilling programme, aimed at expanding the gold footprint. Drilling will focus on the area between the known west and east mineralisation where multiple gold mineralised intercepts have been reported previously. The Northern Zone Intrusive Hosted Gold Project is located on P25/2651, 25km east of Kalgoorlie in Western Australia (refer to Figure 2 for location).
Highlights
Riversgold has booked a grade control drill rig for the Northern Zone Gold Project.
Drilling programme due to start in three weeks and is designed to expand the mineralised footprint.
Drilling to focus on the shallower gold mineralisation between west and east mineralisation identified from previous drilling.
Naheed Memon, CEO of Oracle, commented:
"The grade control rig is the next step in refining what MEGA Resources will target for our gold production development plans, with respect to our deal announced with MEGA Resources on 30 September 2025. Exciting times for the Company as we move this project forward."
Figure 1: Type of grade control drill rig booked.
Figure 2: Location of Northern Zone Gold Project in relation to the Kalgoorlie "Super Pit".
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.