30
September 2024
Oracle Power
PLC
("Oracle"
or the "Company")
Gravity Survey Underway
at the Blue Rock
Valley Project in
Australia
Oracle Power PLC (AIM:ORCP), an
international project developer, is pleased to announce that a
ground based gravity survey has started at the Blue Rock Valley
Copper and Silver Project ("Blue Rock" or the "Project"), located
in the Ashburton Basin in the northwest region of Western
Australia.
Highlights:
·
Ground gravity survey underway at the
approximately 102km2 Blue Rock project area to better
define the mineralised potential following the confirmation of
high-grade rock chip and grab samples in Q3 2024.
·
High-grade rock chip and grab samples reported in
July 2024 had the following grading:
o 18.2% Copper, OBR001
o 12.34% Copper, OBR002 (refer to
Figure 1)
o 25.70% Copper,
OBR003
o 8.56% Copper, OBR004
o 10.08% Copper,
OBR005
·
The gravity survey is intended to define areas to
be prioritised for drill targeting as the Company moves towards
resource definition.
·
The gravity survey will cover the central portion
of outcrop and VTEM (Versatile Time Domain Electromagnetic)
anomalies (refer to Figure
2).
·
Blue Rock is located in the highly prospective
Ashburton Basin which has been historically exploited for gold,
copper, silver and lead.
Naheed Memon, CEO of Oracle,
commented: "I am very pleased to announce that we are on
the ground at Blue Rock, where a gravity survey is now underway.
The aim of the survey is to attempt to define the high-grade copper
mineralisation and refine areas for drill targeting. We will also
continue to assess the Project for gold and uranium. I look forward
to providing shareholders with the results of the gravity survey in
due course."
-ENDS-
For
further information contact:
|
Oracle Power PLC
Naheed Memon - CEO
|
+44 (0) 20
7236 1177
|
|
Strand Hanson Limited (Nominated Adviser &
Broker)
Rory Murphy, Matthew Chandler, Rob
Patrick
|
+44 (0) 20
7409 3494
|
|
St
Brides Partners Limited (Financial PR)
Isabel de Salis, Susie
Geliher
|
oracle@stbridespartners.co.uk
|
Competent Person's Statement
The Information in this report that
relates to exploration results, exploration targets, mineral
resources or ore reserves is based on information compiled by Mr
Edward Mead, who is a Fellow of the Australasian Institute of
Mining and Metallurgy. Mr Mead is a director of Riversgold Limited
and a consultant to the company through Doraleda Pty Ltd. Mr Mead
has sufficient experience which is relevant to the sctyle of
mineralisation and type of deposits under consideration and to the
activity that he is undertaking to qualify as a Competent Person as
defined in the 2012 edition of the `Australian Code for Reporting
Exploration Results, Mineral Resources and Ore Reserves' (the JORC
Code). Mr Mead consents to the inclusion of this information in the
form and context in which it appears in this report.
Notes to Editors:
Oracle Power PLC (AIM: ORCP) is a
global project development company dedicated to maximising returns
through strategic development and international collaborations. Its
diverse portfolio includes pioneering energy and resource projects
such as a Green Hydrogen and Renewable Power initiative in
Pakistan, as well as the Northern Zone Gold Project and Blue Rock
Valley Copper and Silver Project in Australia.
Figure 1: Photo of rich
copper oxide sample taken from historical trench next to historical
shaft at Blue Rock. Sample OBR002 assayed 12.34%
Copper.
Figure
2: Project Tenement Plan with
area of proposed gravity survey in red
Figure 3: Blue Rock Valley
project location and access
