11th Dec 2020 06:59
Oracle Power PLC - UK-based natural resource and power project developer - Completes field-based exploration programme at the Northern Zone gold project, which is located 25 kilometres east of mining centre Kalgoorlie and the Super Pit, the second largest gold mine in Australia. The exploration programme was announced in November in order to evaluate infrastructure and to verify collar locations from previous drilling, based on a mixture of ground surveys and a high-resolution airborne survey.
Oracle Power says it also completed orientation geochemical sampling to test the gold and nickel potential at the project and is expecting results from the laboratory in the coming weeks. It now plans to start geological modelling and exploration targeting for a maiden drilling campaign to being in early 2021.
Current stock price: 0.62 pence
Year-to-date change: down 44%
By Zoe Wickens; [email protected]
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