Business
Acquisition of Highly Prospective Gold Projects
Acquisition of Highly Prospective Gold Projects.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3462F\n Oracle Power PLC\n 16 November 2020\n \n \n \n \n To view the announcement with illustrative maps and diagrams please use the following link:\n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/3462F_1-2020-11-14.pdf\n \n \n \n \n \n \n \n 16 November 2020\n \n \n Oracle Power PLC\n \n \n (\"Oracle\", or the \"Company\")\n \n \n \n \n \n Acquisition of Two Highly Prospective Gold Projects in Western Australia\n \n \n \n \n \n Oracle Power PLC, the AIM listed natural resources and power project developer, is pleased to announce the acquisition of two highly prospective gold projects in Western Australia. The acquisition of these assets, which are both located in world class gold mining districts, advances the Company's strategy to become an international developer of high quality natural resources and power projects, offering investors exposure to multiple commodities and value trigger events. \n \n \n \n \n \n Overview:\n \n \n \n \n \n · \n Acquisition of two highly prospective gold projects located in Western Australia:\n \n \n o \n The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia\n \n \n § \n Multiple significant drill intercepts recorded from historical drill programmes conducted by Northern Mining Limited, with some of the more notable intercepts including: \n \n \n · \n 9m @ 5.06 grams per tonne gold (\"g/t Au\") - hole BNRC017\n \n \n · \n 1m @ 39.82 g/t Au - hole BNRC033\n \n \n · \n 3m @ 3.72 g/t Au - hole BNRC067\n \n \n · \n 2m @ 23.27 g/t Au and 40m @1.2 g/t Au - hole BNRC069\n \n \n · \n 6m @ 2.12 g/t Au and 2m @ 12.98 g/t Au - hole BNRC051\n \n \n · \n 3m @ 3.72 g/t Au - hole BNRC067\n \n \n · \n 30m @ 1.5 g/t Au - hole BNRC081\n \n \n · \n 217m @ 0.51 g/t Au - hole BNRC066\n \n \n · \n 10m @ 2.1 g/t Au - hole BNRC079\n \n \n · \n 6m @ 2.31 g/t Au and 3m @ 2.85 g/t Au - hole BNRC080\n \n \n · \n 28m @ 0.84g/t Au and 48m @ 1.65g/t Au (including 4m at 7.7g/t Au) - hole BNRC095 \n \n \n o \n The Jundee East Project is located about 9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines\n \n \n § \n Potential new buried greenstone belt identified from gravity modelling, highlig...