Welcome!

Oracle Authors: Pat Romanski, Carmen Gonzalez, Andreas Grabner, Roger Strukhoff, Liz McMillan

News Feed Item

Oracle Mining Intercepts 47 Feet of 2.2% Copper in New Drilling; Additional Underground Holes Intercept 22.5 Feet of 2.4% Copper and 47.0 Feet of 2.0% Copper

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/13 -- Oracle Mining Corp. (TSX:OMN)(OTCQX:OMCCF)(FRANKFURT:OMC) ("Oracle Mining" or the "Corporation") is pleased to announce assay results from its ongoing core drilling program. The assay results include seven additional underground drill hole results from drilling at the Oracle Ridge Copper Mine, located in southern Arizona.

The assay results disclosed by the Corporation to date are consistent with historical data. These holes were drilled as part of Oracle Mining's ongoing drilling program, the results of which will be included in a National Instrument 43-101 ("NI 43-101") compliant resource estimation. The Corporation is analyzing the samples for a full suite of elements and have identified silver and gold as potential by-products.

Surface drill hole ODH-044 encountered an interval of 47.2 feet of 2.21% copper, including within that interval 10.0 feet of 3.92% copper and 0.9 oz/ton silver. Underground drill hole OUH-07 encountered an interval of 47.0 feet of 2.07% copper, including within that interval 10.0 feet of 4.85% copper and 1.05 oz/ton silver.

Oracle Mining has posted an updated diagram of all drill hole locations of these reported assay results at http://www.oracleminingcorp.com/_resources/images/2013_January_skarn.pdf.

The following tabulates the intervals obtained from this phase of the drilling program:


----------------------------------------------------------------------------
                                        Au    Ag                            
            From     To  Width   Cu    (oz/  (oz/                           
Hole       (feet) (feet) (feet)  (%)   ton)  ton)    Zone Formation
----------------------------------------------------------------------------
ODH-034    267.0  301.0   34.0 1.30  0.002  0.32        6 Escabrosa
----------------------------------------------------------------------------
Includes   276.0  286.0   10.0 1.72  0.003  0.44        6 Escabrosa
----------------------------------------------------------------------------
ODH-034    311.0  321.0   10.0 1.80  0.003  0.61        6 Escabrosa
----------------------------------------------------------------------------
ODH-035     42.0   49.5    7.5 3.98  0.026  2.00        6 Escabrosa
----------------------------------------------------------------------------
ODH-035    394.0  400.0    6.0 1.49  0.001  0.36        6 Escabrosa
----------------------------------------------------------------------------
ODH-036     41.2   48.0    6.8 3.05  0.015  1.91        6 Escabrosa
----------------------------------------------------------------------------
ODH-037    167.0  178.0   11.0 2.65  0.009  1.58        2 Martin
----------------------------------------------------------------------------
ODH-037    228.0  235.0    7.0 1.80  0.002  0.57        2 Martin
----------------------------------------------------------------------------
ODH-037    271.0  350.0   79.0 1.68  0.004  0.61        1 Abrigo
----------------------------------------------------------------------------
ODH-038    164.5  179.5   15.0 2.81  0.007  0.81        2 Martin
----------------------------------------------------------------------------
ODH-038    188.0  198.0   10.0 0.94  0.002  0.28        2 Martin
----------------------------------------------------------------------------
ODH-038    248.0  274.0   26.0 1.81  0.006  0.51        1 Abrigo
----------------------------------------------------------------------------
includes   264.0  274.0   10.0 2.71  0.008  0.68        1 Abrigo
----------------------------------------------------------------------------
ODH-038    289.0  319.0   30.0 2.06  0.005  0.59        1 Abrigo
----------------------------------------------------------------------------
includes   299.0  314.0   15.0 2.83  0.007  0.81        1 Abrigo
----------------------------------------------------------------------------
ODH-040    185.1  191.4    6.3 5.21  0.018  1.36        2 Martin
----------------------------------------------------------------------------
ODH-040    216.0  225.0    9.0 1.56  0.006  0.48        2 Martin
----------------------------------------------------------------------------
ODH-040    288.0  302.7   14.7 1.54  0.005  0.41        2 Martin
----------------------------------------------------------------------------
includes   298.0  302.7    4.7 2.28  0.008  0.66        2 Martin
----------------------------------------------------------------------------
ODH-040    321.0  359.0   38.0 2.10  0.008  0.77        1 Abrigo
----------------------------------------------------------------------------
includes   321.0  325.5    4.5 5.54  0.034  2.52        1 Abrigo
----------------------------------------------------------------------------
includes   350.0  359.0    9.0 2.92  0.010  1.08        1 Abrigo
----------------------------------------------------------------------------
ODH-040    402.5  410.0    7.5 1.71  0.001  0.15        1 Abrigo
----------------------------------------------------------------------------
ODH-041    231.0  239.0    8.0 1.24  0.002  0.40        6 Escabrosa
----------------------------------------------------------------------------
ODH-041    329.5  334.5    5.0 1.43  0.004  1.00        6 Escabrosa
----------------------------------------------------------------------------
ODH-041    458.0  463.0    5.0 1.12  0.001  0.23        6 Escabrosa
----------------------------------------------------------------------------
ODH-042    225.6  262.4   36.8 2.68  0.009  0.66        2 Martin
----------------------------------------------------------------------------
Includes   233.0  241.0    8.0 4.39  0.015  1.02        2 Martin
----------------------------------------------------------------------------
Includes   250.0  260.0   10.0 4.09  0.014  1.05        2 Martin
----------------------------------------------------------------------------
ODH-042    314.0  328.0   14.0 1.51  0.010  0.37        2 Martin
----------------------------------------------------------------------------
ODH-042    353.5  379.5   26.0 1.56  0.007  0.57        1 Abrigo
----------------------------------------------------------------------------
includes   358.0  363.0    5.0 2.77  0.014  1.09        1 Abrigo
----------------------------------------------------------------------------
ODH-042    415.5  437.0   21.5 2.05  0.009  0.32        1 Abrigo
----------------------------------------------------------------------------
ODH-043    189.0  194.5    5.5 3.05  0.019  0.74        2 Martin
----------------------------------------------------------------------------
ODH-043    217.7  232.0   14.3 2.32  0.007  0.54        2 Martin
----------------------------------------------------------------------------
ODH-043    290.0  350.0   60.0 1.91  0.010  0.64      2/1 Martin/Abrigo
----------------------------------------------------------------------------
ODH-043    364.0  404.0   40.0 1.40  0.006  0.58        1 Abrigo
----------------------------------------------------------------------------
includes   379.0  384.0    5.0 1.84  0.008  0.84        1 Abrigo
----------------------------------------------------------------------------
ODH-044     66.0   73.0    7.0 1.95  0.011  0.59        4 Escabrosa
----------------------------------------------------------------------------
ODH-044    138.8  186.0   47.2 2.21  0.016  0.48        2 Martin
----------------------------------------------------------------------------
includes   166.0  176.0   10.0 3.92  0.039  0.90        2 Martin
----------------------------------------------------------------------------
ODH-045     87.0   92.0    5.0 2.98  0.016  0.74        4 Escabrosa
----------------------------------------------------------------------------
ODH-045    167.7  210.0   42.3 2.20  0.012  0.42        2 Martin
----------------------------------------------------------------------------
ODH-045    246.0  256.4   10.4 1.73  0.012  0.30        2 Martin
----------------------------------------------------------------------------
ODH-045    280.4  293.0   12.6 1.07  0.008  0.21        2 Martin
----------------------------------------------------------------------------
ODH-046     60.5   65.2    4.7 1.64  0.005  0.41        4 Escabrosa
----------------------------------------------------------------------------
ODH-046    119.5  172.9   53.4 1.49  0.007  0.37        2 Martin
----------------------------------------------------------------------------
Includes   136.0  146.0   10.0 2.08  0.008  0.48        2 Martin
----------------------------------------------------------------------------
Includes   159.0  172.9   13.9 2.34  0.014  0.59        2 Martin
----------------------------------------------------------------------------
ODH-049    128.0  133.0    5.0 1.05  0.002  0.23        2 Martin
----------------------------------------------------------------------------
ODH-049    158.0  163.0    5.0 1.63  0.007  0.30        2 Martin
----------------------------------------------------------------------------
ODH-049    167.0  179.8   12.8 1.68  0.012  0.40        2 Martin
----------------------------------------------------------------------------
includes   167.0  172.0    5.0 2.45  0.016  0.66        2 Martin
----------------------------------------------------------------------------
ODH-049    264.0  279.0   15.0 1.74  0.006  0.57        2 Abrigo
----------------------------------------------------------------------------
ODH-050    163.0  177.2   14.2 1.50  0.004  0.30        2 Martin
----------------------------------------------------------------------------
ODH-050    237.0  262.0   25.0 1.88  0.007  0.49        1 Abrigo
----------------------------------------------------------------------------
ODH-050    282.0  312.0   30.0 2.00  0.006  0.50        1 Abrigo
----------------------------------------------------------------------------
ODH-051    288.0  303.0   15.0 0.90  0.000  0.19        2 Martin
----------------------------------------------------------------------------
ODH-051    313.0  328.0   15.0 1.61  0.001  0.33        1 Abrigo
----------------------------------------------------------------------------
ODH-051    343.0  378.0   35.0 2.05  0.001  1.02        1 Abrigo
----------------------------------------------------------------------------
OUH-02     375.5  400.0   24.5 1.97  0.006  0.59        4 Escabrosa Ext East
----------------------------------------------------------------------------
includes   380.0  390.0   10.0 2.64  0.008  0.79        4 Escabrosa Ext East
----------------------------------------------------------------------------
OUH-02     472.0  484.0   12.0 1.68  0.001  0.26        2 Martin Ext East
----------------------------------------------------------------------------
OUH-02     518.0  542.0   24.0 2.14  0.011  0.68        2 Martin Ext East
----------------------------------------------------------------------------
includes   535.5  542.0    6.5 3.21  0.017  0.84        2 Martin Ext East
----------------------------------------------------------------------------
OUH-03     154.0  172.5   18.5 0.99  0.002  0.36        6 Escabrosa
----------------------------------------------------------------------------
includes   154.0  158.0    4.0 1.46  0.002  0.35        6 Escabrosa
----------------------------------------------------------------------------
OUH-03     193.8  199.7    5.9 3.36  0.002  0.62 New Zone Escabrosa
----------------------------------------------------------------------------
OUH-03     413.3  418.0    4.7 1.65  0.000  0.03        5 Escabrosa
----------------------------------------------------------------------------
OUH-04     294.8  304.9   10.1 1.62  0.001  0.45        5 Endoskarn
----------------------------------------------------------------------------
OUH-05     298.0  304.5    6.5 1.95  0.001  0.34        5 Escabrosa
----------------------------------------------------------------------------
OUH-05     334.0  346.0   12.0 1.91  0.004  0.47        5 Escabrosa
----------------------------------------------------------------------------
OUH-05     449.5  472.0   22.5 2.40  0.001  0.53  5 Lower Escabrosa
----------------------------------------------------------------------------
includes   467.0  472.0    5.0 4.76  0.001  1.06  5 Lower Escabrosa
----------------------------------------------------------------------------
OUH-06     325.0  335.0   10.0 1.75  0.004  0.80        5 Escabrosa
----------------------------------------------------------------------------
OUH-06     355.0  360.0    5.0 2.16  0.001  0.39        5 Escabrosa
----------------------------------------------------------------------------
OUH-07     172.0  194.0   22.0 0.94  0.010  0.72        4 Escabrosa
----------------------------------------------------------------------------
includes   172.0  174.2    2.2 1.53  0.006  0.63        4 Escabrosa
----------------------------------------------------------------------------
OUH-07     282.1  355.6   73.5 1.54  0.005  0.56        5 Escabrosa
----------------------------------------------------------------------------
OUH-07     448.0  495.0   47.0 2.07  0.007  0.62  5 Lower Escabrosa
----------------------------------------------------------------------------
includes   465.0  475.0   10.0 4.85  0.003  1.05  5 Lower Escabrosa
----------------------------------------------------------------------------
OUH-07     521.0  531.0   10.0 2.35  0.011  0.68  5 Lower Escabrosa
----------------------------------------------------------------------------
OUH-08     259.0  264.0    5.0 1.84  0.001  0.28        5 Escabrosa
----------------------------------------------------------------------------

The intervals were calculated using a 1.0% copper cut-off and may include internal waste to reflect a potential mineable width. True widths of mineralized intercepts completed to date will need to be modelled but are estimated to be 60% to 100% of the stated interval length for Zones 1, 2 and 4. Additional drilling in Zones 5 and 6 will be needed before true thickness can be estimated. Intervals labelled "includes" are higher-grade portions of the previous listed interval.

Oracle Mining employs a rigorous QA/QC protocol on all aspects of sampling and analytical procedure. Drill core is checked, logged, marked for sampling and split in half. One-half of each drill core is maintained for future reference and the other half of each drill core is sent for analysis. Half-core samples are shipped to accredited laboratories contracted to complete all sample preparation and assaying, including Skyline Assayer and Laboratories (Tucson), SGS Minerals Services (Elko/Vancouver) and ALS Chemex Labs Ltd. (Reno/Vancouver). Samples are analyzed employing the appropriate methodology for analyses of copper, as well as fire assaying for silver and gold. For QA/QC purposes, the Corporation inserts one standard sample for every 20 samples of core and one blank sample for every 40 samples of core submitted to the assay laboratories. The Corporation inserts a blank sample for core for any submission with fewer than 40 samples. Oracle Mining periodically submits the pulps of the samples assayed by one laboratory to another independent laboratory for check analysis.

The technical information in this media release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed by Glenn R. Clark, P.Eng., of Glenn R. Clark & Associates Limited, a consultant for Oracle Mining and a Qualified Person under NI 43-101, who is responsible for the technical information reported herein.

About Oracle Mining Corp.

Oracle Mining Corp. (TSX:OMN)(OTCQX:OMCCF)(FRANKFURT:OMC) is a Vancouver, Canada-based corporation that is the sole owner and operator of Oracle Ridge Mining, LLC and the Oracle Ridge Copper Mine located 24 km northeast of Tucson, Arizona. Oracle Mining is managed by an experienced team of mining professionals with extensive operating and financial experience.

Forward-looking Statement Disclaimer

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Oracle Mining does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Corporation's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the Corporation's liquidity and balance sheet and future sales of metals or minerals from Oracle Ridge. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Corporation's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the technology industry and how do they see opportunities for other women in their area of expertise.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at home including open source hardware, the raw materials required and the options available to power s...
“The age of the Internet of Things is upon us,” stated Thomas Svensson, senior vice-president and general manager EMEA, ThingWorx, “and working with forward-thinking companies, such as Elisa, enables us to deploy our leading technology so that customers can profit from complete, end-to-end solutions.” ThingWorx, a PTC® (Nasdaq: PTC) business and Internet of Things (IoT) platform provider, announced on Monday that Elisa, Finnish provider of mobile and fixed broadband subscriptions, will deploy ThingWorx® platform technology to enable a new Elisa IoT service in Finland and Estonia.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...