Oracle Power PLC - exploration and development firm - Says the Department of Mines, Industry Regulation & Safety has approved its programme of work for the Northern Zone gold project, located in Western Australia. The objective of the first phase of the programme is to complete seven reverse circulation drill holes up to 260 metres deep, for a total of 1,500 metres, specifically targeting gold mineralisation within a series of stacked porphyry intrusions.
To undertake the work at Northern Zone, Oracle Power says it contracted BM Geological Services to carry out the drill programme and are advanced in securing a drill rig, following which it will be mobilised to site, which is expected in two to four weeks' time in total.
Current stock price: 0.39 pence
Year-to-date change: down 27%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Oracle Power (ORCP)