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Oracle Power continues to make progress with exploration at the Jundee East gold project

Oracle Power controls assets in Pakistan and in Australia

Oracle Power PLC -

Oracle Power PLC (LON:ORCP) has completed an initial soil sampling programme on its Jundee East gold project in the Eastern Goldfields region of Western Australia, and has now commenced ground-based gravity surveying over key target areas.

The initial survey area is targeting a modelled greenstone unit and interpreted felsic intrusive body.

The Jundee East project lies on a previously unrecognised greenstone belt covering an area of 80 square kilomoetres, proximal to the Jundee Gold Mine, host to previous production and resource of more than seven million ounces of gold.

"Our exploration efforts are progressing well at Jundee East, located only seven kilometres due east of one of Australia's largest gold mines,” said Naheed Memon, chief executive Oracle Power.

“The initial orientation soil geochemistry programme has now been completed and samples have been dispatched to the assay laboratory. In addition, the gravity survey crew arrived at Jundee East over the weekend to conduct a detailed close spaced gravity survey over the prime targets previously reported. Oracle is optimistic that these two programmes will provide valuable information to understand the scale of targets identified within the Project area in preparation for drill targeting."

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Price: 0.345 GBX

Market Cap: £7.79 m

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