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.