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
+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