Oracle Power PLC has reported encouraging assay results from the first six drillholes of its 21-hole program at the Northern Zone Gold Project in Western Australia, confirming that the gold system is broader and more promising than previously understood.
Key intercepts include 9 metres at 1.33 g/t gold and a higher-grade zone of 3 metres at 4.39 g/t gold, pointing to a growing and potentially economic mineralised footprint. Results from the remaining 15 drillholes are still pending, while a more extensive 40-hole follow-up program is already underway, with further updates expected in the coming weeks.
The company said the results mark steady progress toward delivering a maiden Mineral Resource Estimate (MRE), a critical milestone as it advances planning for a potential mine start in the first half of 2026.
Oracle Power believes the expanding footprint strengthens the case for long-term development and positions the project as an increasingly attractive gold opportunity in Western Australia’s prolific mining jurisdiction.
Location of Northern Zone Gold Project in relation to the Kalgoorlie “Super Pit”.
Naheed Memon, CEO of Oracle, commented:
“As highlighted before, we planned to undertake two drill programmes before the end of the year to add to our gold footprint in the top 50-60 metres at our Northern Zone gold project, and to enhance the MEGA Resources mining operations scenario for 2026. The results from this first batch of assay results continue to expand the lateral footprint of the Northern Zone and we continue to achieve the goal of making the project bigger in the oxide zone.
“Everything is going to plan as we expand the mineralised footprint of the Project and define the high-grade gold zone hosted within a large lower-grade porphyry host. The reported results continue to meet and exceed expectations, with the new high-grade zone being delineated on the eastern margin of the Project, now looking to move northwards.
“The second shallow drill programme is well underway with more samples now in for assay, and we expect to report these assay results over the next six to eight weeks.”
