RNS Number : 8845P
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.

 

Picture 1

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

 

Picture 1

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                                                                                 +44 (0) 203 580 4314

 

Strand Hanson Limited (Nominated Adviser)

Rory Murphy, Matthew Chandler, Rob Patrick                                        +44 (0) 20 7409 3494

 

St Brides Partners Limited (Financial PR)

Isabel de Salis, Susie Geliher                                                                      +44 (0) 20 7236 1177

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DRLAIMTTMTITBTI