Assay results for two of 11 holes have been received and continue to confirm high grade gold intercepts within a lower porphyry grade gold halo
Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce the receipt of assay results for the first two Reverse Circulation (RC) drill holes of an 11 drillhole programme for 1,289 metres recently completed at the Northern Zone Intrusive Hosted Gold Project (“Northern Zone”), located 25km east of Kalgoorlie in Western Australia (please refer to Figure 1 for location).
These initial results, summarised below, indicate that the Company and Riversgold Limited (ASX:RGL), its partner at Northern Zone, have successfully continued to probe the porphyry over an increasing footprint within the tenement area. The partnership is now undertaking further drilling to enhance its understanding of the project before proceeding with preparation of a Mineral Resource Estimate (MRE).
Highlights:
o Significant shallow gold intercepts from two RC drill holes have been received:
§ 7m @ 3.62 g/t Au from 39m (NZRC007)
§ 1m @ 10.81 g/t Au from 42m (NZRC007)
§ 1m @ 12.10 g/t Au from 44m (NZRC007)
§ 1m @ 3.97 g/t Au from 52m (NZRC007)
The above significant intercepts sit within a larger zone of 54m @ 0.65 g/t Au from 39m (NZRC007)
§ 5m @ 4.37 g/t Au from 37m (NZRC008)
§ 1m @ 15.13 g/t Au from 40m (NZRC008)
The above significant intercepts sit within a larger zone of 54m @ 0.51 g/t Au from 37m (NZRC008)
o RC drill rig completed 11 holes for 1,289m targeting shallow depths of 100m to 120m
o The results from these drill holes continue to confirm and enlarge the shallow gold mineralisation associated with the Northern Zone porphyry
o The dynamic Leapfrog gold model for Northern Zone will be updated with these latest results in the coming weeks, which will serve to inform and guide planned future drill campaigns
o A further 2,000m of drilling to test shallower mineralisation is commencing today
Naheed Memon, CEO of Oracle, commented:
“These results from the maiden 2025 RC drill campaign at Northern Zone have exceeded our expectations, revealing healthy grade and overall tenor within the shallower oxide gold mineralisation at the top of the mineralised porphyry. We have core from nine more drill holes in the lab awaiting analysis with results expected in due course and further to this initial RC work, we will now be undertaking a further 2,000m of drilling starting today.”
Figure 1: Northern Zone Project Map showing proximity to major Kalgoorlie gold projects
Figure 2: Recent drill collar plan with gold grade contours from all drilling results to date, and most recent drill intercepts in the eastern area of high-grade gold mineralisation[1].
Figure 3: Cross-section of 3D Leapfrog software model. The interpretation illustrates gold grade shells, derived from all the significant intercepts reported to the ASX to date. The model is constrained via a 25m buffer to all the RGL/Oracle drill hole traces that have been drilled at Northern Zone since 2021. Refer to Figure 2 drill collar plan for the location of the section line.[2]
Figure 4: Schematic oblique cross-section of the two drill holes being reported with location map. The model is constrained via a 25m buffer to all the RGL/Oracle drill hole traces that have been drilled at Northern Zone since 2021.
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
