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Oracle Power PLC - Australia and Pakistan-focused projects developer - Reports "significant" high grade gold intercepts from drilling at its Northern Zone intrusive hosted gold project in Australia, following farm-in partner Riversgold Ltd's fourth aircore programme. It expects a mineralisation report by the end of November, and intends to submit a mining lease application shortly afterwards.
Chief Executive Officer Naheed Memon says: "The Northern Zone project continues to indicate significant gold intercepts and grow the footprint, and is demonstrating high grades at relatively shallow depths over good widths within the overall 600km wide porphyry."
Current stock price: 0.030 pence
12-month change: down 25%
By Emily Parsons, Alliance News reporter
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