Oracle Power Identifies Copper Target at Blue Rocks Project
Why we think this is neutral
This RNS announcement provides an update on the company's exploration activities at the Blue Rocks Copper and Silver Project in Australia. While the results highlight the identification of geochemical copper anomalies and potential for further exploration, the announcement does not contain any mandatory news types that would warrant a stronger sentiment score.
Key Points
- Geochemical copper anomalies relate to known mineralization, with new zones identified
- Priority target zone extends for approximately 320m centered on existing workings
- Further sampling and geophysics being considered to determine strike extent and potential of the system
- Drill traverses proposed to test the anomalies, pending regulatory and heritage approvals
Summary
Oracle Power PLC (AIM:ORCP) has announced the results of a maiden geochemical sampling programme at its Blue Rocks Copper and Silver Project in Western Australia. The programme has highlighted a number of strong anomalies across the project strike, with new zones identified to the northwest and southeast of the main workings area. The company is now considering next steps, which could include further geochemical sampling, geophysical surveys, or drilling to test the anomalies.