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Xtract Resources PLC - copper-gold projects in Australia, Mozambique and Zambia - Reports upbeat results from phase 2 drilling programme at the Eureka copper-gold deposit on small scale mining licence number 22134-HQ-SML in Zambia. Says further assaying from the Phase two drilling programme at Eureka confirms continuity of the copper deposit over approximately 300 metres strike extent - open to the west-northwest.
Chief Executive Officer Colin Bird says: "Results to date from the drilling programme have been successful in extending the deposit strike to about 300m, with potential for expansion of the planned open pit. We are pleased to note that the deposit appears to occur as a single zone and that the previously postulated deposit split appears not to be the case. This represents a much better outcome for mine planning purposes. We look forward to receiving and reporting on the final batch of assay results shortly."
Separately, Xtract reports continuing progress on the phase two diamond drilling programme at the Bushranger copper-gold porphyry exploration project in New South Wales, Australia, with the completion of BRDD-21-015 and BRDD-21-016 holes.
Bird says: "I am very pleased with the results of these two holes, both of which intersected long runs of mineralisation of varying strengths. Hole 15 intersected a long run of mineralisation in an area of low resistivity within the interpreted high-grade crown of the intrusion and we are pleased that this interception has demonstrated prospectivity at shallower depths. Hole 16 intersected two limbs and strong mineralisation in the proximity of the crown and has provided extensions of the mineralisation to the southeast. I am pleased that we report that hole number 17 has commenced and we have already intersected mineralisation at 118m."
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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