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Xtract Resources PLC - London-based metals and minerals producer - Completes drilling of four further drill holes as part of phase two diamond drilling programme at the Bushranger copper-gold project. One drill hole intersects zones of alteration and variable strength visible copper mineralisation.
Meanwhile, the three other holes intersected extensive zones of porphyritic alteration, along with traces of chalcopyrite, with some weak traces of mineralisation.
"It is evident that the geophysics is greatly assisting our modelling and the suggestion is that the Racecourse deposit swings to the south in this area, and further drilling towards the west will test this theory. We continue to be excited with the overall progress of the Phase Two drilling, which has increased the size of the conceptual open pit and identified a separate body which we have called Ascot," says Executive Chair Colin Bird.
Current stock price: 4.95 pence
Year-to-date change: up sharply since 1.78p
By Dayo Laniyan; dayolaniyan@alliancenews.com
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