Oracle Power PLC (AIM:ORCP) announced it started drilling at the Northern Zone Gold Project, located near Kalgoorlie in Western Australia.
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.