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Mining & Metals Oil & Gas Oracle Power

Oracle Power starts drilling at Northern Zone gold project

by tickstock newsroom
The image features a gold square tablet displaying the chemical symbol 'Au' on a textured surface of dark, coarse materials that resemble soil or minerals. The overall composition highlights the significance of gold in a natural setting. aiImage created using AI — ChatGPT

Oracle Power (LSE:ORCP) announced it has commenced diamond geotechnical drilling at the Northern Zone gold project, 25km east of Kalgoorlie.

The programme is designed to acquire whole‑rock core from the porphyry intrusion to provide structural and rock strength data for pit‑slope design and ongoing mine planning as the MDCP is advanced.

Naheed Memon, CEO of Oracle, said: "The analysis will provide critical structural and rock strength data for pit slope stability in final pit design work for the MDCP."

Four diamond holes of approximately 100-150 metres are planned, with core to be photographed, structurally logged and sampled in Kalgoorlie and selected whole‑core sent to Perth for laboratory testing.

Samples will undergo geotechnical tests including Unconfined Compressive Strength and Direct Shear to inform a stable, optimised pit design.

The company says conversion of the Northern Zone tenement to a Mining Lease is well advanced and expected shortly, and that MEGA Resources will provide all development and mining funding on a 50/50 profit‑share basis.

by tickstock newsroom

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