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Xtract Resources PLC - London-based metals and minerals producer - Reports progress made on ongoing racecourse prospect phase 2 drilling programme at Bushranger project, Australia, with the completion of drill holes BRDD-21-022 and BRDD-21-023. Based on preliminary logging, BRDD-21-022 was mineralised throughout a lengthy interval of 731 metres, including three zones of more intense mineralisation. Meanwhile, drillhole BRDD-21-023 tested the along-strike continuation of mineralisation intersected in drillholes BRDD-21-018 and BRDD-21-020. "Along with the other holes from the phase 2 programme to date, these new holes further extend the dimensions of the deposit and the conceptual open pit, which bodes well for the size of the conceptual pit in terms of expanded tonnage," says Executive Chair Colin Bird.
Current stock price: 5.2 pence
Year-to-date change: more than doubled from 1.78p on December 31
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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