Oracle Intercepts 87.5 Feet of 2.3% Copper and 17.5 Feet of 5.8% Copper
May 15, 2012: Vancouver, B.C. - Oracle Mining Corp. (Stock Profile - TSX:OMN & OTCQX:OMCCF) announced assay results of a new mineralized zone from its ongoing drilling program at the Oracle Ridge Copper Mine, located in southern Arizona.
Drill hole ODH-24 encountered an interval of 17.5 feet of 5.81% copper and ODH-27 encountered an interval of 26.0 feet of 3.27% copper. In addition, the Corporation believes ODH-26, with an interval of 87.5 feet of 2.32% copper, is important as it indicates a large-scale irregularity in the intrusive/carbonate contact. Abrupt changes in the orientation of the intrusive/carbonate contact have been seen in other areas that host major skarn bed mineralization.
The new target area was indicated based on mineralization that is exposed in the ramp connecting the 5900 and 6400 haulage ways. As there is no historic drilling recorded in this area, these intersections represent a new mineralized zone that is not included in the historic resource base. To review the intervals obtained from this phase of the drilling program - CLICK HERE.