Oracle Power PLC (AIM:ORCP) has commenced drilling at its Jundee East gold project, located in the Eastern Goldfields region of Western Australia.
Jundee East is approximately 7km due east of Northern Star's 5.4mln ounce Jundee gold mine.
The programme will consist of 62 reverse circulation holes, for a total of 7,440 metre.
The drilling will focus on five priority areas identified from a comprehensive geochemical programme conducted in 2021.
The programme is expected to take between 4 to 5 weeks with results expected approximately six to eight weeks from completion, subject to laboratory availability.
"It is fantastic to restart drilling again in Western Australia with this maiden drill programme at Jundee East, which has strong indications of a newly identified greenstone belt,” said Naheed Memon, chief executive of Oracle.