Impressive Northern Zone Gold Project Drilling Results Continue
Assay results of up to 71 g/t gold
Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce assay results from a further 31 drillholes at the Northern Zone Intrusive Hosted Gold Project (“Northern Zone” or the “Project”), located just 25km east of Kalgoorlie in Western Australia (refer to Figure 1 for location). These results represent all the assays from the first drilling campaign of 2026.
Highlights:
· Riversgold Limited (“Riversgold”) (ASX: RGL) continues to intersect shallow gold mineralisation as we seek to expand the gold footprint of Northern Zone.
· These latest results represent some of the best intercepts for grade and width drilled at the Project so far from an individual drilling campaign.
· Selected significant results from this latest drilling campaign include:
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· 15m at 5.62 g/t Au from 48m (NZAC214) |
· 10m at 1.15 g/t Au from 45m (NZAC207) |
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· 8m at 9.90 g/t Au from 48m (NZAC216) |
· 4m at 3.46 g/t Au from 48m (NZAC211) |
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· 8m at 4.64 g/t Au from 48m (NZAC213) |
· 3m at 5.90 g/t Au from 48m (NZAC219) |
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· 6m at 4.05 g/t Au from 46m (NZAC212) |
· 3m at 3.78 g/t Au from 69m (GEO004) |
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· 10m at 3.81 g/t Au from 30m (GEO004) |
· 2m at 4.19 g/t Au from 49m (NZAC221) |
· As previously announced, conversion of the Northern Zone’s tenement to a Mining Lease is well advanced and is expected to occur in the coming weeks.
· The necessary heritage clearance surveys over the Project area have recently been completed.
· Riversgold has previously signed a Right to Mine and Co-Operation Agreement with MEGA Resources Pty Ltd (“MEGA”) in respect of Northern Zone.
· MEGA will provide all development and mining funding for Northern Zone on a 50/50 profit share basis.
Naheed Memon, CEO of Oracle, commented:
“These latest results evidence some of the best intercepts for grade and width that have been drilled at the Northern Zone project so far. This last set of drill holes were designed to start testing the shallow ‘saddle’ area and the results will serve to enhance MEGA Resources’ mining scenario for 2026.
“The strong results continue to expand the lateral footprint of the Northern Zone as we seek to make the Project materially bigger in the oxide zone. The more we drill laterally, the more gold we find on the top of this porphyry gold system and these exceptional drill results can guide us towards the next drill programme.”
These latest drill campaign results (see Tables 1-3) continue to successfully intersect the mineralised host porphyry over an increasing footprint and consistently validate the broader gold mineralisation model. Gold mineralisation has been intersected and drilling has successfully tested the important area between the central saddle and eastern mineralised zone (Figure 2), with individual metre assay results up to 71 g/t gold.
A key SW-NE cross-section derived from 3D Leapfrog software is illustrated in Figure 3. The updated interpretation illustrates interplant composite gold grade shells derived from all the Riversgold/Oracle gold results already announced by the Company.
For further information on Oracle, visit the Company‘s website at http://www.oraclepower.co.uk or contact:
Oracle Power PLC
Naheed Memon – CEO +44 (0) 203 580 4314
