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Xtract Resources PLC - miner with projects in Mozambique and Zambia - On phase one diamond drilling programme at Racecourse miner resource on Bushranger porphyry copper-gold project in Australia, the third hole has reached a depth of 310 metres, entering the perimeter zone of the porphyry system.
For the first two holes, core logging and sampling is progressing "satisfactorily" with sample batches being taken to the laboratory for analysis.
"We are pleased that the third hole has entered the perimeter zone of the porphyry system, with first signs of mineralisation as predicted. We will report further on the hole when it is completed or if there is material change," said Executive Chair Colin Bird.
Current stock price: 5.94 pence, up 7.1% on Friday
Year-to-date change: up sharply from 1.78p
By Dayo Laniyan; dayolaniyan@alliancenews.com
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