Oracle Coalfields (GB:ORCP) has released an update.
Oracle Power PLC has provided promising updates on their Northern Zone Gold Project in Western Australia, revealing that drilling has identified an extensive gold-bearing porphyry system up to 600 meters wide. Initial assay results from 8 of the 30 completed holes support the project’s exploration target of 200Mt to 250Mt at grades of 0.4 g/t to 0.6 g/t gold, projecting 2.5Moz to 4.8Moz of gold. The company anticipates further assay results will shed more light on the potential size and scale of this gold discovery.
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