Oracle Power Provides Northern Zone Gold Project Update
Why we think this is neutral
This RNS announcement provides an exploration update on the Northern Zone Gold Project, which does not fall under the mandatory news types specified. The update includes details on recent drilling results and plans for further exploration, but does not contain any financial figures or significant business developments.
Key Points
- Significant gold intercepts from recent angled RC drill holes
- 1,303 samples awaiting assay from a 32-hole drill program targeting oxide mineralization
- Results will be used to update the Leapfrog gold model for the Northern Zone
Summary
Oracle Power PLC (AIM: ORCP), an international project developer, has provided an update on the Northern Zone Gold Project in Western Australia. The update includes details on recent drilling results, which continue to confirm and enlarge the shallow gold mineralization associated with the Northern Zone porphyry. The company also has a further 1,303 samples awaiting assay from a 32-hole drill program targeting oxide mineralization. The results will be used to update the Leapfrog gold model for the Northern Zone, which will inform and guide future drill campaigns.