RE: Price its worth15 Jan 2025 21:41
It has multiple assets and will be generating billions of $ over a long period of time beginning shortly THIS year to mine the
vast amounts of gold & copper within a vast area of Aus - a reminder for those yet to catch up or being deliberately sidetracked by spreaders deramping voices - from pre-Xmas RNS’s.
IMHO DYOR GLA
Highlights:
o Latest assay results include:
§ 8m @ 4.86 g/t Au from 34m (NZAC090)
- inc. 4m @ 5.09 g/t Au from 34m
- inc. 1m @ 18.22 g/t Au from 36m
- inc. 1m @ 17.96 g/t Au from 40m
§ 6m @ 3.13 g/t Au from 30m (NZAC097)
- inc. 2m @ 7.39 g/t Au from 33m
- inc. 1m @ 10.41 g/t Au from 34m
§ 5m @ 3.74 g/t Au from 31m (NZAC100)
§ 1m @ 5.72 g/t Au from 33m (NZAC092)
§ 3m @ 1.75 g/t Au from 33m (NZAC099)
o The continuation of the high-grade oxide zone within the 600m wide porphyry system has been expanded (see Figure 1).
o The results of these drill holes continue to confirm and enlarge the shallow gold mineralisation associated with the Northern Zone Project porphyry.
o The dynamic Leapfrog gold model for Northern Zone Project will be updated with these latest results in the coming weeks, which will inform and guide future drill campaigns.
o A mineralisation report is expected at the end of November, with a Mining Lease application to be submitted thereafter.
o Possible ore processing scenarios have been demonstrated by the recent success of Black Cat Syndicate Ltd1, at their Myhree open pit, located only 7km to the north of Northern Zone Project.
Naheed Memon, CEO of Oracle, commented: "The Northern Zone Project continues to indicate significant gold intercepts and grow the footprint, and demonstrating high grades at relatively shallow depths over good widths within the overall 600m wide porphyry. We are particularly encouraged by the recent success of Black Cat's Myhree open pit operations[1] only 7km north of the Northern Zone Project and we are assessing if similar operations would be achieved at the Northern Zone Project after we convert the tenement to a Mining Lease - which is work in progress post the imminent completion of the mineralisation report."
Overview
· Drill results from the recently completed 1,545m drill programme have been compiled and integrated into an updated Leapfrog gold mineralisation model (see Figure 1).
· The dynamic Leapfrog model will now be used to inform and guide future drilling campaigns as the Northern Zone Project matures and grows towards a maiden Mineral Resource Estimate.
· The continuation of the high-grade oxide zone within the 600m wide porphyry system has been further expanded and is open in multiple directions (see Figure 2).
· The results of these drill holes continue to confirm and enlarge the shallow gold mineralisation associated with the Northern Zone intrusive porphyry.
· Possible ore processing scenarios have been demonstrated by the recent success of Black Cat Syndicate Ltd,