12th Dec 2023 14:24
Oracle Power PLC - Texas-based computer technology firm - Says farm-in partner Riversgold Ltd receives assay results from diamond drilling programme at the Northern Zone gold project in Western Australia. Says 5.26 grams of gold per tonne from 262 metres found. Chief Executive Officer Naheed Memon says: "With the Australian dollar gold price now pushing through AUD3,100 an ounce, the commerciality of these types of large-scale lower grade gold deposits becomes significantly more viable. The potential scale of this project linked to its good indicative conventional gold recoveries and its great location, being so close to Kalgoorlie, makes Northern Zone a highly attractive project to drill out."
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By Sabrina Penty, Alliance News reporter
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