Oracle Coalfields has recently announced that it has started aerial core drilling at its Northern Zone Gold Project in Western Australia. The company is exploring for supergene gold and plans to have a second drilling rig join the project soon. The Northern Zone Gold Project is located near Kalgoorlie and targets a major gold exploration area known for its large porphyry gold system. CEO Naheed Memon is optimistic about the drilling results and hopes to build on previous discoveries of extensive gold mineralization.
The company’s focus on exploring for gold in this area reflects its commitment to expanding its presence in the gold mining industry. By utilizing aerial core drilling, Oracle Coalfields aims to efficiently investigate the potential for gold mineralization in the Northern Zone. The company’s efforts align with its long-term strategy of developing its mining projects and generating value for shareholders.
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In summary, Oracle Coalfields is making significant progress with its exploration activities at the Northern Zone Gold Project. With the commencement of aerial core drilling and plans to expand the drilling operation, the company is positioning itself for potential future success in the gold mining sector. CEO Naheed Memon’s optimism about the drilling results underscores the company’s confidence in its exploration efforts. Investors seeking to learn more about Oracle Coalfields and its stock performance can consult TipRanks for additional information and analysis.
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