Last checked at 
Xtract Resources PLC - metals and minerals producer - Says drilling of the first of three planned holes on the phase one drilling programme at the Racecourse mineral resource on the Bushranger project in Australia, has now traced the plunge of the deposit to a downhole depth of 1,047 metres in angled drill hole BRDD-20-001. Copper mineralisation in the hole was first noted at a depth of 110 metres and the hole has been mineralised continuously to the current depth of 1,047 metres, 232 metres past the original planned finishing depth. The hole continues to encounter strong visible copper mineralisation, and will be further extended until the zone is drilled through, Xtract notes. "The hole is still continuing in strong mineralisation to the current depth, extending the potential scale of the porphyry system at Racecourse. We will continue to drill until we bottom out of the zone," says Executive Chair Colin Bird.
Current stock price: 7.10 pence, down 17% on Tuesday
Year-to-date change: more than tripled from 1.95p
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.