Drilling Underway at Northern Zone

Oracle Power PLC

24 May 2024

 

24 May 2024

Oracle Power PLC

("Oracle", the "Company")

Drilling Underway at Northern Zone

25km ESE of Kalgoorlie, Western Australia

Oracle Power PLC (AIM:ORCP) is pleased to announce that, further to its announcement of 17 May 2024, its farm in partner, Riversgold Ltd (ASX:RGL), has commenced air core ("AC") drilling at its Northern Zone Gold Project (the "Project"), located 25km east of Kalgoorlie in Western Australia.

The AC drilling is designed to test the Project for supergene gold. The Company expects to arrival of the second drill rig in the imminent future.

Naheed Memon, CEO of Oracle, commented:

"It is great to see the ambitious drilling plans underway, and the commencement of AC drilling at the Northern Zone Gold Project, located just to the east of Kalgoorlie. With a substantial gold Exploration Target centred around a large porphyry gold system proven to exceed +100m in true width from previous drilling, we eagerly anticipate the results of this program. Drilling efforts will accelerate further with the arrival of a second rig shortly."

Australian Air Core Pty Limited ("Australian Air Core") is undertaking the AC, Figures 1 and 2.

Figure 1: Australian Air Core AC rig on site at the Northern Zone Project

Figure 2: Australian Air Core AC rig on site at the Northern Zone Project

-ENDS-

For further information on Oracle Power Plc, visit the Company's website http://www.oraclepower.co.uk or contact:

Oracle Power PLC

Naheed Memon - CEO                                                                                 [phone]

Strand Hanson Limited (Nominated Adviser)

Rory Murphy, Matthew Chandler, Rob Patrick                                        [phone]

St Brides Partners Limited (Financial PR)

Isabel de Salis, Susie Geliher                                                                      [phone]

 

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