Drilling Underway at Northern Zone Gold Project
Oracle Power PLC announced the recommencement of drilling operations at its Northern Zone gold project. The initial phase focuses on grade control drilling, targeting shallow areas between the western and eastern mineralized zones, with depths of 30m-60m. This two-week drill program is the first of two planned before Christmas, with another scheduled for mid-November. Results from the initial program are expected in early November. The company aims to expand the potential gold mineralized footprint of the porphyry system, located 25km east of Kalgoorlie, Western Australia. The Australian dollar gold price has recently exceeded $6,500 per ounce.
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Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce re-commencement of drilling operations at its Northern Zone gold project, with the initial phase of grade control drilling already underway (refer to Figure 1). The programme aims to expand the overall mineralised footprint, with initial drilling to target the shallower area between the western and eastern mineralised zones.
Highlights
- Drilling with a grade control rig has commenced at the Northern Zone Kalgoorlie Gold Project
- Drilling will focus on the shallow (30m-60m deep) undrilled areas between the western and eastern gold mineralised zones as previously reported
Naheed Memon, CEO of Oracle, commented:
"Significant gold intercepts from 30 to 60 metres within the flat laying mineralisation of the oxide zone, above the fresh rock porphyry, have increased the footprint with every drill campaign. The grade control rig is the next step in the evolution of this project and will expand on the target for mineable material (see RNS dated 30 September 2025). We aim to continue expanding the potential gold mineralised footprint of the porphyry system that is located just 25km east of Kalgoorlie, Western Australia, with additional drilling. This 2-week drill programme is the first of two planned programmes leading up to Christmas with another programme scheduled for mid-November. Results from this first programme are expected to start coming through in early November. The Australian dollar gold price has recently passed $6,500/ounce, which bodes extremely well for the prospects of this gold project, which we are seeking to progress rapidly."
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)
Will Turner, Isabel de Salis oracle@stbridespartners.co.uk
Figure 1: Grade control rig drilling at the Northern Zone Kalgoorlie Gold Project. Picture taken 20/10/2025.
Figure 2: Location of Northern Zone Gold Project in relation to the Kalgoorlie "Super Pit".
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.