Business
Positive Results from Geochemical Survey
Positive Results from Geochemical Survey.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7632B\n Oracle Power PLC\n 14 June 2021\n \n \n \n \n \n \n \n 14 June 2021\n \n \n Oracle Power PLC\n \n \n (\"Oracle\", the \"Company\")\n \n \n \n \n \n \n \n \n Positive Results from Geochemical Survey at Jundee East Gold Project, Australia\n \n \n \n \n \n Oracle Power PLC (AIM:ORCP, AQSE:ORCP), is very pleased to announce what the Company considers to be highly positive geochemical sampling results from its maiden orientation survey at its 100% owned Jundee East Gold Project, located in the Eastern Goldfields region of Western Australia ('Jundee East' or the 'Project'). Jundee East is located ~7km due east of Northern Star's producing Jundee Gold Mine, which \n has a current Resource of 5.4Moz.\n \n \n \n \n \n Highlights:\n \n \n \n \n \n · \n \n Geochemical soil sampling programme over the first three lines over Jundee East highlights positive responses for gold and copper using Mobile Metal Ion (\"MMI\") geochemical techniques designed to identify mineralisation below cover. \n \n \n \n \n \n \n · \n \n Raw multi element plots show clear variations of elevated gold and copper above buried targets of greenstone belts and intrusions located about 100 metres below surface.\n \n \n \n \n \n \n · \n \n These early and positive results show that indicator elements (including gold and copper) are making their way to surface at an atomic level above the main target area and provide further evidence of a mineralised system in a previously unrecognised greenstone belt, proximal to Northern Star's Jundee Gold Mine.\n \n \n \n \n \n \n · \n \n The programme represents a successful test for the validity of geochemical sampling, which will now be expanded to assist with maiden drill targeting, by closer infill and extensional surface sampling.\n \n \n \n \n \n \n \n \n \n \n \n \n \n Naheed Memon, CEO of Oracle, commented\n \n \n :\n \n \n \n \n \n \n \"Jundee East represents an exceptionally exciting prospect for Oracle in one of the most prolific gold producing regions globally. These positive results from the orientation soil geochemistry programme confirms we are on the right path to unlocking the potential of this new unexplored area. The soil sampling programme will now be expanded to better infor...