LONDON (ShareCast) - (Sharecast News) - Oracle Power reported encouraging results from its maiden geochemical sampling programme at the Blue Rock Valley Copper and Silver Project in Western Australia on Friday, confirming a two kilometre-long mineralised trend with multiple copper anomalies.
The AIM-traded firm said the sampling, conducted by Apex Geoscience, outlined a priority target zone of approximately 320 metres around the main workings, with additional anomalous zones identified both northwest and southeast.

Those anomalies corresponded well with known mineralisation, the board said, but showed limited correlation with previous geophysical datasets, suggesting geochemical methods may offer more effective targeting.

A secondary zone extended roughly 400 metres northwest from the main area and remains open under colluvial cover.

Further work was being considered, including expanded geochemical sampling, alternative geophysical techniques, and proposed drilling.

Drill traverses had already been designed to test the anomalies, subject to regulatory and heritage approvals.

"The anomalies relate well to known mineralisation, with new zones identified to the northwest and southeast of the main working area," said Oracle CEO Naheed Memon.

"Anomalies have been highlighted over the two kilometre strike of current work, with drill traverses designed to test the anomalies.

"Next steps are being considered, either to expand geochemical sampling, further geophysics or drill test."

The Blue Rock Valley Project lies within the Ashburton Basin in Western Australia, a region known for its copper and silver mineralisation.

Oracle said it would continue advancing exploration efforts and will provide further updates in due course.

At 1155 BST, shares in Oracle Power were up 6.9% at 0.02p.

Reporting by Josh White for Sharecast.com.

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