Gravity Survey: Blue Rock Valley Project

Oracle Power PLC

30 September 2024

 

30 September 2024

Oracle Power PLC

("Oracle" or the "Company")

Gravity Survey Underway at the Blue Rock Valley Project in Australia

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that a ground based gravity survey has started at the Blue Rock Valley Copper and Silver Project ("Blue Rock" or the "Project"), located in the Ashburton Basin in the northwest region of Western Australia.

Highlights:

·    Ground gravity survey underway at the approximately 102km² Blue Rock project area to better define the mineralised potential following the confirmation of high-grade rock chip and grab samples in Q3 2024.

·    High-grade rock chip and grab samples reported in July 2024 had the following grading:

o  18.2% Copper, OBR001

o  12.34% Copper, OBR002 (refer to Figure 1)

o  25.70% Copper, OBR003

o  8.56% Copper, OBR004

o  10.08% Copper, OBR005

·    The gravity survey is intended to define areas to be prioritised for drill targeting as the Company moves towards resource definition.

·    The gravity survey will cover the central portion of outcrop and VTEM (Versatile Time Domain Electromagnetic) anomalies (refer to Figure 2).

·    Blue Rock is located in the highly prospective Ashburton Basin which has been historically exploited for gold, copper, silver and lead.

Naheed Memon, CEO of Oracle, commented: "I am very pleased to announce that we are on the ground at Blue Rock, where a gravity survey is now underway. The aim of the survey is to attempt to define the high-grade copper mineralisation and refine areas for drill targeting. We will also continue to assess the Project for gold and uranium. I look forward to providing shareholders with the results of the gravity survey in due course."

-ENDS-

For further information contact:

Oracle Power PLC Naheed Memon - CEO	[phone]
Strand Hanson Limited (Nominated Adviser & Broker) Rory Murphy, Matthew Chandler, Rob Patrick	[phone]
St Brides Partners Limited (Financial PR) Isabel de Salis, Susie Geliher	[e-mail]

Competent Person's Statement

The Information in this report that relates to exploration results, exploration targets, mineral resources or ore reserves is based on information compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a director of Riversgold Limited and a consultant to the company through Doraleda Pty Ltd. Mr Mead has sufficient experience which is relevant to the sctyle of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this information in the form and context in which it appears in this report.

Notes to Editors: 

Oracle Power PLC (AIM: ORCP) is a global project development company dedicated to maximising returns through strategic development and international collaborations. Its diverse portfolio includes pioneering energy and resource projects such as a Green Hydrogen and Renewable Power initiative in Pakistan, as well as the Northern Zone Gold Project and Blue Rock Valley Copper and Silver Project in Australia. 

Figure 1: Photo of rich copper oxide sample taken from historical trench next to historical shaft at Blue Rock. Sample OBR002 assayed 12.34% Copper.

Figure 2: Project Tenement Plan with area of proposed gravity survey in red

Figure 3: Blue Rock Valley project location and access

 

END