Welcome!

Recurring Revenue Authors: Pat Romanski, Liz McMillan, Elizabeth White, Yeshim Deniz, Carmen Gonzalez

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
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
SYS-CON Events announced today that TechTarget has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organi...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...