Grade Control Drill Rig Booked for Northern Zone
Summary by AI BETAClose X
6 October 2025
Oracle Power PLC
("Oracle" or the "Company")
Grade Control Drill Rig Booked for the Northern Zone Gold Project
Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that a grade control drill rig (see Figure 1) from Australian Surface Drilling (ASD), a preferred services provider of MEGA Resources, has been booked for the upcoming Northern Zone drilling programme, aimed at expanding the gold footprint. Drilling will focus on the area between the known west and east mineralisation where multiple gold mineralised intercepts have been reported previously. The Northern Zone Intrusive Hosted Gold Project is located on P25/2651, 25km east of Kalgoorlie in Western Australia (refer to Figure 2 for location).
Highlights
- Riversgold has booked a grade control drill rig for the Northern Zone Gold Project.
- Drilling programme due to start in three weeks and is designed to expand the mineralised footprint.
- Drilling to focus on the shallower gold mineralisation between west and east mineralisation identified from previous drilling.
Naheed Memon, CEO of Oracle, commented:
"The grade control rig is the next step in refining what MEGA Resources will target for our gold production development plans, with respect to our deal announced with MEGA Resources on 30 September 2025. Exciting times for the Company as we move this project forward."
For further information:
Oracle Power PLC
Naheed Memon - CEO +44 (0) 203 580 4314
Strand Hanson Limited (Nominated Adviser & Broker)
Rory Murphy, Matthew Chandler, Rob Patrick +44 (0) 20 7409 3494
St Brides Partners Limited (Financial PR)
Susie Geliher, Isabel de Salis +44 (0) 20 7236 1177
Figure 1: Type of grade control drill rig booked.
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