Xtract Resources PLC - copper-gold projects in Australia, Mozambique and Zambia - Completes first drill hole as part of the phase two diamond drilling programme at the Racecourse mineral resource on the Bushranger copper-gold project in New South Wales, Australia.
Assay results confirm high grade copper mineralisation at shallower depths than drilled during the phase one exploration programme. Drill hole results at 184 metres at 0.51% copper equivalent from 204 metres.
"These results support our plans to design and develop an open pit in the Racecourse porphyry region. These initial results suggest that the crown area has a propensity to carry good grade and will continue to add value to the conceptual open pit. A number of holes in the drill programme are outside the current resource and thus our conceptual pit modelling," said Executive Chair Colin Bird.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
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