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Xtract Resources PLC - metals and minerals producer based in London - Says drilling of the first of three holes on the phase one drilling programme at the Racecourse mineral resource on the Bushranger project, Australia, has now progressed to a depth of 804 metres in drill hole BRDD-20-001.
Copper mineralisation commenced in drill hole BRDD-20-001 at a depth of 110 metres and has "become stronger" as the hole continued to its current depth.
Executive Chair Colin Bird said: "The hole is continuing in strong mineralisation of various styles to the current depth, which is very encouraging for the scale of the porphyry system at Racecourse. We will continue to drill until we bottom out of the zone."
Current stock price: 4.00 pence; up 60% on Friday
Year-to-date change: more than double from 1.775p at the end of 2019
By Lucy Heming;Â lucyheming@alliancenews.com
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