The Northern Zone is comprised of one granted prospecting licence (P25/2651) which covers an area of 82 hectares. The Project is in an area highly prospective for gold and is approximately 25km east of Kalgoorlie, the home of the Super Pit mine, the second largest gold mine in Australia, 40km north of Kambalda and 55km east-north-east from Coolgardie.
The main host for potential gold mineralisation is the auriferous veins in granitic intrusions in the N-S structural corridor. However, the northern portion is covered by deep transported material up to 70m thick, making geochemical detection of mineralisation difficult and requiring drilling. There have been several historic drill programmes conducted on the project area from 1998-2012. There are many significant drill intercepts historically reported, with some of the more significant gold drilling intercepts including:
Oracle Power PLC, which is traded on London s AIM market (AIM:ORCP), is pleased to announce the completion of the field based exploration programme at the Northern Zone Gold Project ( Northern Zone Project or Project ), located 25km east of the major gold mining centre of Kalgoorlie, the home of Super Pit, the second largest gold mine in Australia.
Initial field-based exploration programme across Northern Zone Gold Project announced on 30 November 2020 is now complete Proximal infrastructure has been evaluated which includes excellent access to site from the major regional mining centre of Kalgoorlie Verification of collar locations from previous drilling completed based on a combination of ground surveys and a high-resolution airborne survey