Member Info for news

demark
If you look at the NEW PROSPECT ONE RACECOURSE NEW MODELLING,
one will see where Hole 2 is and what the PhD Geo of XTR*s hypothesis is ie potential "double sequence."

The RNS, Fri 29 Jan 2021 tells us that it has "ENTERED the CENTRAL POTASSIC ALTERATION AT 450M." [Ref: Hole 2, Racecourse]

The ShareCast article stated 450-500m MAIN BODY.

So, if you check the Geochem RNS of a few days ago on XTR website and click the Long Section for Racecourse [New Modelling], I think one can see what this RNS is about.

Thanks.

Hopefully, an INTERVIEW with Colin Bird, Executive Chairman, XTR to follow up on RNS, Fri, 29.1.21 @1:45pm.

LoL
RNS, Fri, 29 Jan 2021 @1.21pm ish.

Hole 2, Racecourse at 492.5m.
"Entered CENTRAL POTASSIC alteration at about 4 5 0 m."
"Copper more pronouned with DEPTH."
Colin Bird: " Significant step-out of MORE THAN 300M from previous XTR hole & 200m from any HISTORIC HOLE. Last 150 - encouraged wide interval by ext prior to alteration zone."
[Colin Bird, Executive Chairman, XTR]

@1:35pm.
Nice of Mr Bird to let us know. Thank you so much.
News, Fri, 29Jan 2021.

P.S.

Racecourse:
If only 40m /day [1/2 of 80m] = 405m [28.1.21 RNS] + 40m = 445m

Main Body:
450-500m per Sharecast article yesterday.

Fri, 29 Jan 2021 @1:08

RNS, Thur, 28 Jan 2021

Racecourse at 405m.
Main Body: 450-500m.

Today, 24 hrs later, 405m +80m/day? = 485m?

If so, say, then INTO THE MAIN BODY OF RACECOURSE?

Ref: XTR Bushranger Apr 2020 Presentation

It shows that Racecourse is one prospect BUT above it, is RACECOURSE NORTH which looks quite large [?]. Racecourse itself - the most Southern end has ANOTHER BREAK-AWAY small prospect to the LEFT. Then, Racecourse is also at the NORTH tip of White Springs further down [small bit].

Would I be right in saying that the JORC and XTR current drill is only at Racecourse itself but NOT Racecourse North. Racecourse NORTH IS NOT C0-JOINED but just a short distance away.

Anyone know? Just checking. Thanks.

5.2p to sell and 5.3p to buy +20.43%
[Advertised, NOT LIVE price] @12.05 noon.

To Sell, price HIGHER than advertised.

Strange, how after the XTR Hole 2 RNS, it was not understood in its entirety. Today, after Colin Bird*s interview post RNS of Thur, 28 Jan 2021, the share price has risen today.

Per Lucky520
"In Colin Birds interview yestere he said that if are still in mineraliation to 500m then we have a MONSTER, so..that is over 160m as we started at 340. " @10.53am, Fri, 29 Jan 2021.

[Ref: Hole 2, Racecourse, Lachlan Fold, NSW, Australia. Colin Bird, Executive Chairman, XTR Bushranger-Racecourse, Interview @Share-Talk, Thur, 28 Jan 2021 -Post RNS]

Hole 2-Racecourse
Drill started late Dec 2020 & stopped for Xmas & New Year.
Current Depth: 405m
130-340m: "Weak to Moderate Mineralisation."
340-405m: "Stronger Mineralisation."
Main Body per ShareCast: 450-500m
Target Depth: 750m and per Caveat Emptor, further if still in mineralisation.

Hole 1-Racecourse
904m of mineralisation from 110m.
Target Depth: 1,000m

JORC: 71Mt @0.44% cu copper & 0.064g/t gold

FROM MY OWN NOTES OF ABOVE INTERVIEW:
"Not real body. 300-400m target outside of porphyry.
Zinc, Chalcopyrite & Pyrite.
PhD Geo: DOUBLE SEQUENCE?
500m-BIG WIN-MONSTER TALKING ABOUT
Watch this space. Very Exciting."
Mr Bird mentioned Tues/Wed next week ie 2 & 3 FEB 2021."

Ref: Prospect One Ltd MODELLING
Ref: Prospect One Ltd NEW MODELLING [Post Hole 1, Racecourse]- Drills reorientated for Hole 2 & 3?

Just notes for history of Racecourse Drilling by XTR. Previous owners of Racecourse-Bushranger include Straits Resources [ASX, $982m rev in 2006], Tooday, ASX bought Bushranger in 2007 and renmed Lachlan Star, Lachlan Star JV with Anglo-American, Anglo-American [Buy out option at 80% for Racecourse if 450Mt @0.44% cu from recall. Rest of Bushranger owned by XTR per one poster after 50% profit share after $100k lapesd for Anglo tenements at Bushranger.

Bushranger is in the "Lachlan Fold Transfer Zone" with North Parkes and Cadia-Ridgeway."
Ref: XTR Bushranger Apr 2020 Presentation.

News, Fri, 29 Jan 2021
As we await news. Notes for archival history.

Just in case, it cannot be understood, one is cognisant that :

A £1 coin [ONE] could be expressed as an illustration as:

-----------1 0 coins of 10p each-------

That was all I was trying to illustrate to folks that dont understand long intersections. So, no expectations of anything. That is taught even in school.

Thur, 28 Jan 2021
News.
Just a back-up in case.

Link:
https://www.sharecast.com/news/aim-bulletin/xtract-resources-upbeat-on-latest-drilling-at-racecourse--7795761.html 3 hrs ago, Thur, 28 Jan 2021 @7:15pm

"We are currently cutting through a wide zone of geological alteration and low and moderate grade copper mineralisation LYING ABOVE THE MAIN ZONE, he said."

"The new hole was sited offset from STRIKE to intersect the deposit at a TARGET DEPTH of 450-500m."

He is Colin Bird, Executive Chairman, XTR per in the article.

Try using filter as there is no imperative to read. Thanks.

steve007
Why only pick on my post/S to correct when you stated "MY POSTS ARE FACTUAL." @18:43pm, Thur, 28 Jan 2021.

Since you joined in Sep 2021 and have 557 posts, I think it would be useful that I wish to continue with my LONG MEMBERSHIP and therefore, its best we do not continue this conversation at 6:55pm.

Try to find balance and correct EVERY POSTS FROM OTHERS and NOT JUST MINE.

With thanks. News, Thur, 28 Jan 2021.

Ah, Steve4077 you are in analytics for a multi-billion dollar co and you think that an expression of 111.7m expressed as an illustration x10 @1111m is ...?
That is called flattening out the 111 to show that even at high grades of 3.6g/t gold CANNOT occur in NORMAL SITUATION OF A PORPHYRY at 1,100m at 0.36g/t gold is overselling?

It cant be --CADIA RIDGEWAY HAS 3.5BT and the GRADES ARE LOW as shown @0.26% CU COPPER & 0.4g/t au gold. Link: https://xtractresources.com/bushranger-project/

In my illustration, FOR THE AVOIDANCE OF DOUBT, THERE WAS NO GRADE/S THAT I GAVE SO IT IS NOT POSSIBLE THAT MY POST WAS AT ALL giving...ANY EXPECTATIONS. THERE WAS NO FORECAST.

As for analytics, I am sure you are aware you have read articles on it?

So, that*s on my part. IF YOU WANT ACCURACY, I NOTE YOU DID NOT CORRECT ONE EARLIER POSTER OF XTR GOING 50X SHARE PRICE? This was WITHOUT GIVING OR WORKING OUT THAT 50X.

So, I think you have gone off -target on the RNS and the Chairman*s interview. ??

Lastly, I re-read you last post and STRANGELY, you said about RAISING HIGH EXPECTATIONS that could disappoint? Same CONVO the NIGHT before but from ANOTHER POSTER?

How can an explanation that today*s RNS AND THE ONE BEFORE for Hole 1 be raising EXPECTATIONS? There has been NO GRADES RESULTS GIVEN IN THE RNS NOR HAVE PEOPLE SPECULATED WHAT THE GRADES ARE?

Everyone knows the RACECOURSE SCOPING STUDY RESULTS FROM LACHLAN STAR so there is NO EXPECTATIONS AT ALL --EVERYONE IS NOW EDUCATED AS TO THE OFFICIAL SCOPING STUDY GRADES as posted last night.

LOL Steve4077, sounds like you have been mistaken?

From the historical archive of Steve4077
on 20 July 2021 @13:52 on XTR:

"Title: Compare BODA and you will be happier:
the....
I know you are from SOLG. Here*s the July 2016 drill results for CASCABEL

Overall hole intersection FROM 948m @0.5% COPPER and 0.53 g/t gold ...
Why would have been the reaction FOR THE SAME DRILL IN AUSTRALIA."

Just for the record that when you post ABOUT CASCABEL in ECUADOR as opposed to XTR*s Bushranger in Australia, you provide an illustration but no one take you ...on it.

Similarly, I post an illustration just to show why LONG INTERSECTIONS of lower grade relating to PORPHERIES may not BE QUITE THE SAME AS FOR NON-PORPHERIES and you ...at me.

End of conversation now.

@steve4077
Today, I posted on what others posted but you said mine was x or y.
For correctness, I re-posted to break up the DIFFERENCE between 130-405-750m and corrected it in a SPLIT FORM to show 130-405m currently to please you.

Then, I posted an illustration as I did on GGP and some on Twitter also show an expression as I did on other mining stocks JUST TO EXPLAIN TO FOLKS THAT WHEN IT COMES TO LONG INTERSECTIONS SUCH AS FROM BODA ETC, THE GRADES ARE N O T lIKE FOR SHALLOW INTERSECTIONS EG 111M OR EVEN 200M or 20M.

FOR THE AVOIDANCE OF DOUBT, I POSTED IT IN THE CORRECT CONTEXT WITH ALL INTERSECTIONS, GRADES AND STARTING FROM.

This forum could NOT understand what it means to have long intersections. HOW ELSE DO PEOPLE UNDERSTAND UNLESS one shows an illustration to explain PORPHYRIES?

I have come to the conclusion that you are saying tis or dat but my LSE RECORD SHOWS THAT I POST FACTUAL and at Solg or GGP, no one raise any x or y on illustration.

So, best not to go to and fro. Now, the MARKET IS CLOSED so it does not take space but in normal hours , it might.

I would like to KEEP MY LSE MEMBERSHIP of long years and STANDING and therefore, best for me NOT to comment further as it appears that you correct ONLY my post/s, not sure why?

News, Thur 28 Jan 2021 @6:15pm

Steve4077

Hence why I stated CORRECTLY that O/P is 400-450m ideally.
That is why RACECOURSE STARTING AT 110M AND 130M IS WHAT ONE CAN ONLY DREAM OF.
Stated correctly.

Steve4077

I posted it in the RIGHT CONTEXT.
It is an ILLUSTRATION and I did STATE the mineralisation STARTS from 110 and 130m vs 804.7m for Havieron.

It is "EXPRESS" as illustration. This is just to show why PORPHYRIES of LONG INTERSECTIONS DO NOT NORMALLY SHOW HIGH GRADES AS ITS HIGH TONNAGE THAT IS NEEDED.

Most folks DONT understand hence just to show an expression. Hope you follow?

P.S.

For illustration, 111.7m @0.46% cu COPPER could be expressed as
1,111metres at ----0.046% cu COPPER.
at Greatland today.

By the way, AA owned Bushranger [last owner before XTR] - I posted last night from Lachlan Star*s ASX ANN that they said AA re-LOGGED CORES FROM RACECOURSE AND FOOTROT. They also did spectral ie XRF so the JORC for Racecourse was checked.

John Cronford, Mining Analyst, Master Investors wrote on XTR Bushranger [Racecourse] as he was wondering where the Greatlanders were LoL.

So, Greatlander today posted results:
"HAD 025WI: ------- 1 1 1 .7 METRES @3.6g/t au and -----0.46% CU COPPER--F R O M 804.7m."

Mind you, the au gold grade is better than the Telfer average for o/p [historical from recall] next door. Yet Telfer got built with some 32 MOZ gold.

Look at the result: 111.7m and it STARTS FROM 804.7m. Usually, for open-pit it is useful at 400-450m [+-]

XTR*s Racecourse had 940 METRES OF COPPER MINERALISATION - Hole 1 and STARTS from 110m.

XTR Hole 2: Starts at 130m -340m [weak to moderate] and from 340m stronger mineralisation.
Target depth 750m and per Caveat Emptor they may carry on if in mineralisation.
So, one can work out how many metres as its simple maths depending on taking it from 130m or 340m to potentially 750m? Currently, for correctness, it is at 405m.

XTR BUSHRANGER JORC 0.44% CU COPPER & 0.064 g/t au GOLD.
OFFICIAL SCOPING STUDY DONE BY LACHLAN STAR: Racecourse 0.2% CU COPPER CUT-OFF ECONOMIC IF COPPER PRICE IS US$7,500. Copper price is currently, US$7957 and 3mths ABR $8,010. If copper is US$10k per scoping study, then cut-off "economic" is 0.15% cu copper.

HOW CAN RACECOURSE JORC 0.44% CU COPPER VS HAVIERON LATEST RESULT AT 0. 4 6 % CU COPPER NOT BE OF MERIT?

From another perspective one can say 111.7m @3.6g/t au GOLD could also be expressed perhaps as 1,111metres @ 0.36 g/t au gold for ILLUSTRATION - to just show why LONG INTERSECTIONS of 900m , 500m etc are not often seen?

Just for discussion.