Business
Gold Target Zone Increased with Drilling at NZ
Gold Target Zone Increased with Drilling at NZ.
About this update from Oracle Power Plc
[{"type":"text","content":"\n\n27 August 2024\nOracle Power PLC\n(\"Oracle\" or the \"Company\")\n \nGold Target Zone Increased with Latest Drilling at Northern Zone Project\n \nOracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that it has received further assay results from the recently completed 1,903m Aircore (AC) drilling campaign at the Northern Zone Intrusive Hosted Gold Project (\"Northern Zone\" or the \"Project\").\n \nHighlights:\no Highest grade interval to date from shallow drilling of 27.5 g/t gold (drill hole NZAC033) recorded over 1 metre in recently completed drilling.\no Significant shallow gold intercepts, include:\n▪ 16m @ 4.69 g/t Au from 30m (drill hole NZAC033)\n▪ 4m @ 6.9 g/t Au from 39m (drill hole NZAC029)\n▪ 3m @ 3.32 g/t Au from 35m (drill hole NZAC030)\n▪ 9m @ 1.2 g/t Au from 31m (drill hole NZAC048)\n▪ 3m @ 2.68 g/t Au from 31m (drill hole NZAC043)\n▪ 3m @ 2.11 g/t Au from 46m (drill hole NZAC044)\n▪ 4m @ 1.47 g/t Au from 30m (drill hole NZAC053)\no Single metre assay of drill hole NZRC001 has now been completed returning a higher-grade core that includes:\n▪ 10m @ 4.94g/t Au from 39m (NZRC001)[1] \n▪ Or 14m @ 3.6/t Au from 39m\n▪ Or 18m @ 2.8g/t Au from 36m (if the same interval as the composite).\no Further step-out targeted drilling is now being planned over the expanded footprint of the mineralised porphyry.\n \nNaheed Memon, CEO of Oracle, commented:\n\"These latest gold results are very exciting for the Project and it is great to be able to back up initial results at Northen Zone, with this latest run of assays so quickly after the recent success of our maiden RC and AC campaigns. The results indicate that we have very significant shallow supergene and oxide gold mineralisation and that targeting this mineralisation has generated positive results that far exceed our expectations. We suspect that we have a number of these high-grade zones overlying this extensive gold mineralised porphyry system and the next drill programme will test this expansive shallow model.\n \n\"New drilling, which is being planned, will focus on heading to the north-east, north-west and south-east, where...