Soil sampling and a ground-based gravity survey are underway
Oracle Power PLC (LON:ORCP) has been awarded an exploration tenement for licence E53/2140, which contains the Jundee East gold project, located in the Eastern Goldfields region of Western Australia.
The project represents a previously unrecognised significant greenstone belt proximal to Northern Star s Jundee Gold Mine, host to previous production and resource of over 7Mln oz gold
Soil sampling and a ground-based gravity survey are underway with as a next step an Induced Polarisation (IP) survey.
Naheed Memon, Oracle’s chief executive, said: The granting of the Jundee East exploration tenement, located only 7km due east of one of Australia s largest gold mines, is a great milestone that allows drilling to commence once final targeting programmes have been completed.
Oracle Power is granted the exploration tenement for Jundee East Gold Project
Oracle Power s (LON:ORCP) CEO Naheed Memon joins Proactive London with the news that the exploration tenement has been granted for their Jundee East Gold Project.
The project now has a whole new team of geologists on the ground preparing to get to work at the site, which is located in the Eastern Goldfields region of Western Australia.
Memon says it s all moving forwards now .
Quick facts: Oracle Power PLC
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Oracle Power Plc highlights significant strides in Pakistan and Australia proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Oracle Power PLC is an international natural resource and power project developer listed on London s AIM market. The Company is focussed on delivering reliable and affordable power in emerging developing markets, unlocking the value of underutilised and undeveloped natural resources to provide energy security and support economic growth and development. Its initial project is the Thar Block VI Project in the Thar desert in the south-east of the Sindh province of Pakistan. The Thar Project is a 66.1 sq km licence containing 1.4 billion tonnes of coal, where the Company, together with its partners China National Coal Development Company Ltd. (CNCDC) and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, is advancing a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.
Director Deals
26 January 2021 | 06:07am
StockMarketWire.com - Naheed Memon, Chief Executive Officer, bought 49,002,561 shares in the company on the 22nd January 2021 at a price of £0.00. The Director now holds 65,002,561 shares.
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