Welcome!

Oracle Authors: Michael Meiner, Carmen Gonzalez, Trevor Parsons, MC Brown, Pat Romanski

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
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
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...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
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...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
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!
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
"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 major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...