The first phase is to complete seven reverse circulation drillholes up to 260 metres deep, for a total of around 1,500 metres specifically targeting gold mineralisation within a series of stacked porphyry intrusions.
READ: Oracle Power defines 5 drill target areas at its Jundee East gold project in Western Australia
"It is fantastic to start Oracle's maiden Australian drill programme at Northern Zone, and a big step forward with respect to our Western Australian gold strategy,” said chief executive Naheed Memon.
“The drill programme will take about two weeks to complete and I look forward to the results of this maiden drill programme six-eight weeks from the end of drilling as we will be assaying samples in Queensland, to expedite results."
Shares added 2% to 0.34p on Wednesday morning.