Blue Rock Valley Project - Copper and Silver
The Blue Rock Valley Project spans an extensive area in the Ashburton Basin, Western Australia. Located approximately 165 km southeast of the port town Onslow, this project is situated in a region known for significant mineral potential, especially for copper and silver.
Promising Resource
The project area is highly prospective for copper and silver mineralization, supported by historical exploration data. Assays from historical rock chip samples collected between 2007 and 2010 by Jackson Minerals Limited have indicated significant high-grade copper and silver values. Some of the notable samples have shown around 50% of copper, highlighting the potential for substantial mineral deposits within the project area.
Gold and Uranium are also being targeted as these deposit types occur within the Ashburton Basin. The area’s geological setting is favorable for the discovery of multiple high-value minerals, enhancing the project’s attractiveness and potential for significant returns.
Exploration and Results
Oracle Power initiated exploration activities in June 2024, following the acquisition of the Blue Rock Valley Project. The early exploration phase, which includes surface sampling and geophysical surveys, has identified several targets for subsequent drilling. Historical Reverse Circulation (RC) drilling has returned significant results:
- Hole BBRC005: 4m @ 1.02% Cu from 0m
- Hole BBRC004: 8m @ 0.54% Cu from 6m (including 1m @ 1.39% Cu from 10m)
Electromagnetic (EM) geophysics, both airborne (VTEM) and surface (FLTEM), have defined various drill targets. Notably, an EM anomaly near the location of previous work remains undrilled and untested, presenting a promising target. The company plans to use further targeting tools to refine and develop these targets before undertaking extensive drilling.
Further Development
To advance the Blue Rock Valley Project, Oracle Power plans to implement a comprehensive exploration program, focusing on refining the benefits of a ground gravity, Electromagnetics (EM), or other geophysical surveys over the greater project area. This will include starting a ground-based Electromagnetic (EM) survey over an Airborne EM anomaly that was defined near prior work, which remains undrilled and untested. Additionally, Oracle Power will undertake drilling to further explore and define the project. These efforts aim to define a maiden inferred JORC resource, paving the way for future development.
