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Change: 0.0015 (7.14%)

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IN BRIEF: Drilling underway at Oracle Power Northern Zone gold project

Wed, 15th Sep 2021 18:14

Oracle Power PLC - Global power and natural resource project developer - Says drill programme is underway at the Northern Zone gold project, located 25 kilometres east of Kalgoorlie in Western Australia. The first phase is to complete seven Reverse Circulation drillholes up to 260 metres deep, for a total of 1,500 metres specifically targeting gold mineralisation within a series of stacked porphyry intrusions, it adds.

"It is fantastic to start Oracle's maiden Australian drill programme at Northern Zone, and a big step forward with respect to our Western Australian gold strategy. The drill programme will take about two weeks to complete and I look forward to the results of this maiden drill programme six-eight weeks from the end of drilling as we will be assaying samples in Queensland, to expedite results," says Chief Executive Officer Naheed Memon.

Current stock price: 0.35 pence

Year-to-date change: down 39%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

More News

13 Jun 2022 21:22

IN BRIEF: Oracle Power designs Northern Zone exploration target

Oracle Power PLC - London-based power and natural resource project developer with projects focused on Pakistan - From three samples from its Northern Zone Gold project in Australia, metallurgy results indicate an average gold recovery of 88% over 12 hours and 93% over 24 hours, alongside low copper content of 2.0 parts per million.

9 Jun 2022 17:37

IN BRIEF: Oracle Power makes Northern Zone gold project a priority

Oracle Power PLC - London-based power and natural resource project developer with projects focused on Pakistan - Reports positive metallurgical results from the first three samples from its 100% owned Northern Zone Gold Project in Western Australia. Results indicate gold recoveries can be achieved within six hours of 83.3% gold and up to 90.4% gold recovery over 72 hours.

14 Apr 2022 21:36

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Wednesday and not separately reported by Alliance News:

1 Apr 2022 12:25

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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30 Mar 2022 13:19

Oracle Power enters joint venture deal with Emirati sheikh's company

(Sharecast News) - Natural resources project developer Oracle Power has entered a joint venture agreement with the private office of Emirati sheikh Ahmed Dalmook Al Maktoum, represented through Kaheel Energy, aiming to advance its green hydrogen project in Pakistan.

11 Mar 2022 12:12

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

7 Mar 2022 15:16

Oracle Power completes maiden drilling at Jundee East Gold Project

(Sharecast News) - Natural resources developer Oracle Power has completed its maiden drill programme at its wholly-owned Jundee East Gold Project in the Eastern Goldfields region of Western Australia, it announced on Monday.

7 Feb 2022 13:49

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IN BRIEF: Oracle Power set to jointly develop synthetic gas project

5 Jan 2022 13:02

Oracle Power reports positive assay results from Northern Zone

(Sharecast News) - Natural resources project developer Oracle Power reported positive assay results from the maiden drilling programme at the Northern Zone Gold Project, 25 kilometres east of Kalgoorlie in Western Australia, on Wednesday.

5 Jan 2022 11:09

Oracle Power shares rise on strong gold assay results in Australia

22 Dec 2021 21:22

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Oracle Power reports progress on Western Australia projects

(Sharecast News) - Natural resources project developer Oracle Power updated the market on its gold exploration projects in Western Australia on Wednesday, reporting that at the Jundee East Gold Project, a slimline reverse circulation track-mounted drill rig had been secured, with mobilisation to site expected in late January or early February.

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IN BRIEF: Drilling underway at Oracle Power Northern Zone gold project

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