APEX Geoscience to Explore Blue Rocks Project
20 December 2024
Oracle Power PLC
("Oracle" or the "Company")
APEX Geoscience to Undertake Exploration at the High-Grade Blue Rocks Project
Oracle Power PLC (AIM: ORCP), an international project developer, is pleased to announce the appointment of APEX Geoscience Ltd. ("APEX"), a geochemical consultant, to advance exploration at the Blue Rock Valley Copper and Silver Project (the "Blue Rocks Project"), located in the Ashburton Basin in the northwest region of Western Australia.
APEX is expected to commence a geochemical sampling programme in the new year. Further geophysical techniques are also being considered such as Expert Geophysics' Mobile MT drone-based system.
Highlights:
· APEX has been appointed to carry out exploration for Oracle at the high grade Blue Rocks Project.
· A geochemical sampling programme has been confirmed as the next exploration step.
· Blue Rocks Project's high-grade rock chip and grab samples, as announced in July 2024, confirmed the historical tenure of the copper mineralisation:
o 18.21% Copper, OBR001
o 12.34% Copper, OBR002
o 25.70% Copper, OBR003
o 8.56% Copper, OBR004
o 10.08% Copper, OBR005
· A ground gravity survey confirmed multiple gravity targets for follow up work along the main Blue Rocks Project mineralised trend of approximately 2km strike.
· Drilling targets are to be refined by the geochemical sampling programme.
Naheed Memon, CEO of Oracle, commented: "It is great to now bring APEX into the project to undertake exploration for copper over the gravity anomalies that strike over approximately 2km of the high-grade copper rock chip samples. Geochemical sampling has been confirmed as the next step to advance the project towards drilling and will be used as a multi vector to rank gravity anomalies for priority drilling. We look forward to updating shareholders in due course as we continue advancing this exciting project."
-ENDS-
For further information contact:
|
Oracle Power PLC Naheed Memon - CEO |
+44 (0) 203 580 4314 |
|
Strand Hanson Limited (Nominated Adviser and Broker) Rory Murphy, Matthew Chandler, Rob Patrick |
+44 (0) 20 7409 3494 |
|
St Brides Partners Limited (Financial PR) Isabel de Salis, Susie Geliher |
+44 (0) 20 7236 1177 |
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