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Oracle Power PLC - AIM listed natural resources and power project developer - Says the recent gravity survey conducted across the Jundee east gold project, located in the Eastern Goldfields region of western Australia, has confirmed the presence of a newly identified substantial greenstone belt located directly adjacent and east of the Jundee gold mine. In addition, a high-priority felsic intrusive related target has also been identified.
"Follow up activities are now being planned. The programme will include planning and permitting of aircore drilling across the primary target areas. The aircore drilling programme aims to directly target mineralisation and get a further understanding of the bedrock lithologies," said Chief Executive Naheed Memon.
Current stock price: 0.62 pence, up 3.2% on Tuesday
Year-to-date change: up 17%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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