Member Info for news

RESEARCH: FROM XTRACT RESOURCES BUSHRANGER
Link: https://xtractresources.com/bushranger-project/

Quote:

" The Lachlan Fold Belt in New South Wales hosts world class porphyry copper-gold deposits [eg Cadia-Ridgeway - 3.5 BT ----@ 0. 2 6 % CU COPPER -------0. 4 g/t au GOLD.

North Parkes 597Mt -----@0. 5 8 % cu COPPER------0. 2 g/t au GOLD.

Epithemal gold deposits: McPhillamy*s 60Mt 1. 0 4 g/t GOLD.
Tomingley 6.4Mt------@ 2 .0 g/t au GOLD.

VMS hosted deposits: Woodlawn 7.2Mt ---6.3% Zn ZINC, 1.9% CU , 2.4% pb & 0.5 g/t GOLD."

"BUSHRANGER- at 71MT -----------@0.4 4 % CU COPPER ---0.064 g/t au GOLD [cut-off 0.3%cu], IT IS THE LARGEST UNDEVELOPED COPPER -GOLD DEPOSITS IN THE LACHLAN FOLD."

"THE INTUSION HOSTING THE THE RACECOURSE DEPOSIT IS OF THE SAME AGE AS THE GIANT CADIA-RIDGEWAY TO THE WEST. The Racecourse deposit is HOSTED WITHIN THE LACHLAN TRANSFER ZONE, an important STRUCTURE KNOWN TO HAVE CONTROLLED THE EMPLACEMENT OF THE INSTRUSIONS HOSTING BOTH THE CADIA-RIDGEWAY AND NORTH-PARKES MINES."

So, VERBATIM FROM XTR BUSHRANGER [this is not from the XTR Bushranger Presenation Apr 2020 but from the XTR Bushranger project.

News, Tues 26 Jan 2021. @7.30pm

FOR COMPLETENESS AND CLARITY FROM XTR THEMSELVES.
By the way, BUSHRANGERS HAS ANOTHER PORPHYRY IE FOOTROT + EPITHEMALS as mentioned by C.Bird in his interview with Share-Talk recently.

theiceberg,
On this thread, I posted the PORTERGEO CADIA GRADES. Then, you replied to Frog about CADIA so that is how I have to answer. Just as you are free, everyone is free to reply but if you did not mention "Cadia", I dont have to reply as Frog did NOT mention Cadia in relation to more GOLD than COPPER. Since I was a Greatlander, how can I not know about WINU [Rio] given I posted that or even tweeted that the grade is about 0.45 % cu COPPER from recall and so is PROVENIR at around the 0.5% cu copper mark APPROXIMATELY. As for Middlekoop, that was mentioned by you and you said you fell out as well.

Let*s leave this conversation and bring it to an end. I came to post because Caveat Emptor told me that the GOLD grade could be useful and may be MORE THAN 0.064 g/t kinda of thing which I like quoting from historic. So, I wanted to tell C.Emptor that he is insightful in light of the EXPERT GEO*S VIEW ON RACECOURSE -FERTILE AND ALSO XTR RNS, MON 26 Jan 2021 saying MORE GOLD TYPE PROSPECT THAN COPPER PREVIOUSLY.

Then, you told Frog THAT XTR MAY BE "OVER-PROMISING" which means that the XTR RNS/EXPERT IS WRONG?

So, that ends the convo. For the avoidance of doubt, one must also take the LOWER GRADE FOR GOLD as that is not always PUBLISHED IN THE HEADLINE 0.3g/t gold grade for Cadia which means LOWER AT --------0.2G/T GOLD TO 0.17/18 or even a bit lower at 0.15g/t IN PLACE AS THE NORMAL RANGE.

News, 26 Jan 2021 @6:30pm. MKT WAS CLOSED WHEN THIS CONVO STARTED SO NO ONE TOOK IT IN - Good to hear ALL VIEWS - then one can see what was SAID AT THE TIME.
DYOR. PLS CHECK.

P.S

WE, SHAREHOLDERS ALL KNOW THE THE XTR RACECOURSE-BUSHRANGER JORC
IS 71M @ 0.44% CU COPPER & 0.064g/t AU GOLD.

So, from the XTR RNS of 25.1.21 of yesterday [Mon], Mr Bird quoted XRF 905m 0.2 % cu copper - 0.5 % CU COPPER.

So, of course, GOLD IS GOING TO HELP and a BONUS - SAY FROM 0.064 G/T GOLD PER JORC TO MORE AKIN TO LACHLAN FOLD, NSW, AUSTRALIA GOLD TYPE GRADE, THAT IS SOMETHING THAT IS USEFUL. SO, LETS OPEN THE DISCUSSION AND INCLUDE LACHLAN FOLD, NSW AUSTRALIA GOLD GRADES. In the same Lachlan Transfer Zone as NORTH PARKES, COWAL, CADIA [RIDGEWAY] & BUSHRANGER [XTR], do we take some of their LOWER GOLD GRADES or NOT?

So, that is from the XTR RNS as said of yesterday and all from the expert geo hired +Read, Ex Head of Exploration Australia -Africa + PhD + Young Geo.

WHAT THESE LOWER GRADES OF GOLD IN THE LACHLAN ARE? GO TO XTRACT RESOURCES APR 2021 PRESENATION - THE MAP SHOWS North Parkes GOLD -COPPER GRADES, CADIA-RIDGEWAY in the same transfer zone and then outside this zone is BODA. SO, WHAT*S THE LOWEST?
TAKE A LOOK.

EITHER XTR IS RIGHT OR THEY HAVE GOT IT WRONG ? IE GEOLOGICAL EXPERTS AND GEOS ALL GOT IT WRONG?

Lets await RESULTS AND LET HISTORY RECORD THE EVENT.

Thanks. That*s all on this important SUBJECT from the RNS.

News, Tues, 26 Jan 2021
@6:05pm.
So, its not about managing expectations as there was NONE TO START OFF WITH U N T I L THE XTR RNS HIT with EXPERT VIEW AND XTR STATEMENT ABOUT MORE GOLD THAN COPPER MORE REMINISCENT OF LACHLAN FOLD, NSW, AUSTRALIA.

PUTTING THE RECORD STRAIT FOR THE AVOIDANCE OF DOUBT.
Mkt closed at 6:10pm so everything can be put in its perspective.
Await XTR NEXT RNS AND INTERVIEW.

TheIceberg
You said today that you even had disagreements with Middlekoop who runs a Commodity Discovery Fund. What can these be about? Must logically be about opinions on resources.
You answer on the thread I used quoting PorterGeo - you said NOT.

So, I am putting it out there in the OPEN so that for HISTORY SAKE, when the RESULTS COME OUT, we can see if XTR and their EXPERT + PhD Geo, Young Geo and Ex-Head of Exploration Australia - AFrica ALL GOT IT WRONG? They have to approve the XTR RNS as it is about a GEOLOGICAL OPINION and it has to be BASED ON SOME INDICATIONS ETC.

So, as I said ONCE YOU COMMENT ABOUT XTR OVERPROMISING ABOUT THEIR XTR RNS OF YESTERDAY, 25.1.21 re: MORE GOLD THAN COPPER MORE IN LINE WITH LACHLAN FOLD, NSW, OZ & THE CADIA "EQUIV" PHRASE , I HAVE TO COMMENT AS THAT IS CRITICAL.

YOU ARE ALLOWED YOUR OWN OPINION BUT WHEN XTR RNS AND SAID EXPERT IS QUOTED, YOU THEN SAY SOMETHING ELSE.

THAT HAS TO BE CORRECTED WITH THE RIGHT OF REPLY with FACTS FROM THE XTR RNS of last night, Mon, 25 Jan 2021 @5:14pm. Unless you are a GEO OF RENOWN [professionally you are not a geo] then we must RECORD BOTH SIDES ie your own view vs XTR EXPERT/READ/PHD GEO AND YOUNG GEO -ALL FROM XTR THEMSELVES.

News, Mon 26 Jan 2021 @5:10pm
Its wrong for you to say XTR may "BE OVER-PROMISING" but will NOT ALLOW A REPLY TO QUOTE FROM THE XTR RNS/EXPERT.

As I said, if you DONT COMMENT on my thread, I WILL LEAVE COMMENT - REPLY.

News, Tues, 26 Jan 2021 @5:50pm - MKT CLOSED.

Ella10

No ONE has to deFend themselves if there is NO 3/g GOLD. It was stated that CADIA per PorterGeo stated: "CADIA MINE - range 0.3g/t."

So, as I said it has to be LOWERED FOR SAFETY ie 0.2-0.3 g/t gold [0.17-0.18 g/t ] which is NORM per RANGE as the figures usually GIVE HEADLINE.

FOR THE AVOIDANCE OF DOUBT:
XTR RNS OF MON, 25 JAN 2021 STATED that "RACECOURSE" SYSTEM HAS CHANGE MORE FROM MORE COPPER TO MORE GOLD AS PER LACHLAN DEPOSITS. IN PARTICULAR , CADIA SETS NEAR OR NEXT DOOR [Zak used next door] to BUSHRANGER -RACECOURSE.

From the RNS, MENZIES THE PORPHYRY EXPERT ON LACHLAN FOLD, NSW, AUSTRALIA SAID THE SYSTEM IS "FERTILE - HYDROTHERMAL..." etc.

XTR RNS also stated: "HOLE 1 - the drill exhibits a vein hosted & disseminated CHALCOPYRITE, pyrotite and pyrite MINERALISATION WITHIN VOLCANIC ROCK PACKAGE
---------E Q U I V A L E N T TO THAT OF NEWCREST*s HOSTED CADIA CU AU PORPHYRY." 25.1.21 XTR RNS.

S0 LETS BE CLEAR -------THAT IS FROM THE XTR RNS OF YESTERDAY, 25.1.21 AND I FETCHED THE RESEARCH FROM PORTERGEO CADIA MINE with that minimum 0.3% G/T but it will NOT SHOW RANGE so I put up the range which is WITHIN THE NORMAL VARIANCE.

That is from the XTRACT RESOURCES ---FOR THE AVOIDANCE OF DOUBT.

So, if any, it is the EXPERT*s [MENZIES] PORPHYRY EXPERT, LACHLAN FOLD, NSW, AUSTRALIA THAT GAVE HIS OPINION ON FERTILE SYSTEM AND XTR*S RNS MENTIONING CADIA and the word "EQUIVALENT."

The market is NOW CLOSED so this is AN OPEN DISCUSSION ON THE EXPERT*S VIEW AND XTR*S RNS QUOTING THE EXPERT. Plus Mr Read, Ex Head of Exploration, BHP AUSTRALIA -AFRICA who is doing the NEW RACECOURSE MODELLING WITH MR MENZIES, THE EXPERT HIRED. ON BOARD IS ALSO XTR*S PHD GEO AND YOUNG GEO. CAN THEY HAVE GOT IT WRONG AS THEY HAVE TO APPROVE THE SAID RNS.

So, nothing for anyone to answer for or defend.

ITS THE BLOGGER VS XTR*S EXPERT/ EX HEAD OF BHP AUSTRALIA-AFRICA, PHD GEO AND YOUNG GEO ETC + XTR THEMSELVES WHO ISSUED THAT SAID RNS WORD FOR WORD. KINDLY CHECK.

News, 26 Jan 2021 @5:40pm
Ella10- you were hoping for 0.51 G/T GOLD AS YOU SAID X HOLE GOES UNDER X SORT OF THING LAST NIGHT?
dyor. please check.

HISTORICAL RECORD:

XTR RNS, MON 25 JAN 2021

I WILL RECORD THAT CADIA SHOWED A MINIMUM OF 0.3 G/T GOLD - ON THE SAFER SIDE, I WILL INPUT THIS TO 0.2-0.3 G/T GOLD [WITH SOME EVEN 0.17/8] TO PROVIDE WHAT IS NORMALLY A RANGE.

XTR RACECOURSE JORC 71MT @0.44% CU COPPER with 0.064 G/T GOLD.

Let*s see what the RESULTS WILL SHOW IE WHETHER THE XTR RNS [last night, 25.1.21 mon @5:14pm STATING THAT THE RACECOURSE SYSTEM HAS CHANGED TO THAT MORE REMINISCENT OF LACHLAN FOLD DEPOSITS from "more COPPER" will now await NEWS AND DEVELOPMENT AS IT COMES.

MR DOUG MENZIES AND JEREMY READ, EX HEAD OF EXPLORATION BHP AUSTRALIA -AFRICA ARE WORKING ON THE NEW GEO MODEL. SO, BOTH EITHER GOT IT WRONG AND APPROVED THE RNS OR THEY GOT IT RIGHT BASED ON THEIR EXPERTISE ie MENZIES FROM CORBETTS MENZIES, PORPHYRY COPPER EXPERTS , NSW, AUSTRALIA. MR MENZIES IS A LACHLAN FOLD, NSW , AUSTRALIA PORPHYRY EXPERT.

News, Tues, 26 Jan 2021 @5:10pm.

FOR THE AVOIDANCE OF DOUBT:
Per theiceberg: "Personally I would be weary of GOLD COMPARISONS TO CADIA, IT MIGHT BE OVER-PROMISE." 16:46pm, Tues, 26 Jan 2021 in reply to The_Frog.

I am posting this for archival history of XTR Bushrangers as I myself BELIEVE what the XTR RNS said that the Racecourse prophyry system is now more "gold"led as per other LACHLAN FOLD prospects. CHECK THE RNS.

SINCE CADIA-RIDGEWAY [not Ridgeway as its a deeper system] is the NEAR NEIGHOUR TO XTR*S RACECOURSE-BUSHRANGER and is in the SAME "LACHLAN FOLD TRANSFER ZONE" and volcanic rocks, it does APPEAR TO SHOW THAT NORTH PARKES AT THE TOP, THEN COWAL , CADIA-RIDGEWAY AND BUSHRANGER may now illustrate the SAME???

WHERE DID THE XTR RNS, MON 25 JAN 2021 DERIVE THIS NEW GEO INFO FROM IE THAT THE MODEL HAS CHANGED MORE TO THE LACHLAN FOLD STYLE [IN PARTICULAR TO ME THE TRANSFER ZONE DEPOSITS ESPECIALLY] OF MORE "GOLD" THAN COPPER????

So, one can understand that I prefer to go with THE XTR RNS [see details and Frog*s verbertim from the RNS]. LET TIME PROVE ALL THINGS IE BLOGGER OR XTR RNS - they cant just quote something like that WITHOUT ANY GEO OPINION and INDICATORS [GEOLOGICAL ETC OR DATA]. So, since the PORPHYRY COPPER EXPERT MENZIES HAS BEEN ENGAGED TO PLAN HOLES AND DEVELOPEMENT, ONE WILL HAVE TO WAIT TO SEE IF MENZIES + READ HAVE GOT IT WRONG OR THE BLOGGER?

News,
Tues 26 Jan 2021 @5pm.

The_Frog
Yes, that was what I took from the RNS and the CHANGE.

Straits Resources thought in 2006 that Racecourse could be a BIG COPPER MINE.
Even the JORC suggest it [Racecourse].

So, I asked myself: they must have seen GEO INDICATIONS WITH EVIDENCE that the MODEL has changed to that more akin to NEAR NEIGHBOUR who have low cu % grades and much THRESHOLD COPPER.

CADIA- BIG & LITTLE CADIA, CADIA HILL, CADIA EAST, CADIA FAR EAST & RIDGEWAY have:
0. 4 5 g/t au GOLD
0.4 g/t au GOLD
0.3 g/t au GOLD

and some 1.36 g/t au, 2.1 & 0.85. [All ref: CADIA MINE, PORTERGEO]

Copper:
0.5% COPPER
0.4% COPPER
0,16% COPPER
0.15% COPPER
0.36% COPPER
[Ref: CADIA MINE, PORTERGEO]
So, the low copper grades could be from the fringes of the deposit just like Racecourse shows 0.2% COPPER and BODA shows 0.17% copper & 0.22% COPPER.

MY OBSERVATION & HOPE:
I use a CONSERVATIVE APPROACH to only expect a THRESHOLD [minimum] so GOLD GRADES EVEN AT 0.3 G/T AU WOULD BE GOOD ENOUGH FOR ME - to me this means that THE EQUIVALENT TO BE ADDED TO THE % COPPER MAY LIFT THE EQUIV GRADE.

If so, that COULD BE A GAME-CHANGER?

DYOR.
News, 26 Jan 2021 @4:40pm

--------------------R A C E C O U R S E , B U S H R A N G E R ----------------[XTR]
--what everyone said, from expert, Chairman, RNS and XTR presentation.---

<>DOUG MENZIES, CONSULTANT GEOLOGIST<> [Engaged by XTR]
Expert in copper porphyries, Lachlan Fold, NSW, Australia:

"..suggest RACECOURSE hosts a LARGE, FERTILE porphyry related HYDROTHEMAL SYSTEM."

<>XTR RNS: Mon, 25 Jan 2021<>

"Hole 1-Volcanic rocks package EQUIVALENT to THAT HOSTING NEWCREST*S CADIA VALLEY
porphyry cu au deposits."

<>COLIN BIRD, INTERVIEW @SHARE-TALK, 18.1.21:<>

"End up? 1100m : CONFIDENT OF BIGGER ONES -CADIA RIDGEWAY, NORTH PARKES."
[Executive Chairman, Xtract Resources on Racecourse-Bushranger, Nextisth to Newcrest*s Cadia-Ridgeway]

Per Colin Bird, interview on 20.1.21: "DOUG MENZIES [Corbetts Menzies, Copper Porphyry Experts]: He thinks its BIG."

<>XTRACT APR 2020 PRESENTATION:<>
"At Bushranger, Multiple IP, Magnetics & Geochem featureS indicate the potential for the project to host a CLUSTER of copper-gold porphyries SIMILAR to CADIA-RIDGEWAY."

<>BUSHRANGER vs BODA:
"Colin Bird, Mon 25.1.21 RNS: Compares very favourably to recent intersection from Alkane*s new BODA discovery." [Lachlan Fold, NSW, Australia]

POSTING FOR HISTORICAL ARCHIVES OF XTR RACECOURSE-BUSHRANGER

News, Tues 26 Jan 2021.

P.S.
Correction: "Compares favourably if not better than Cadia & Boda???."
The tonnage and grade given for CADIA-RIDGEWAY & BODA [B] Discovery Hole are from the Xtract Resources, Apr 2020 Presentation. I noticed the link had an error so type : "Xtract Resources Bushranger" and the page will turn up. Then, once at the page, CLICK at the bottom for the presentation.

Ridgeway is at the deeper part of Cadia-Ridgeway. There are lots of detailed grades etc and the one from the XTR is the headline. If anyone is interested, kindly check.

From my notes, there is CADIA EAST, CADIA FAR-EAST, BIG & LITTLE CADIA, CADIA HILL & RIDGEWAY. Some of the grades from the above range:

"0.15% Cu COPPER
0.16% Cu COPPER
0.36% Cu COPPER
0.4% Cu COPPER
0.5% Cu COPPER
& 0.56% Cu COPPER.

FOR GOLD:
Range: 0.3 g/t au GOLD
0.4 g/t au GOLD
0.45 g/t au GOLD
Some higher grades 0.85g/t au, 2.1 & 1.36.

Lastly, "> 4KM long HYDROTHEMAL SYSTEM OF POSSIBLE PORPHYRY AFFILIATION." [Cadia Mine]
===
XTR*s Bushranger has a 10KM STRIKE per the XTR Apr 2020 Presentation [see map]
Per Doug Menzies, he now mentions BUSHRANGER HYDROTHEMAL.....

Per Dibs61*s notes of the last Colin Bird interview of 20.1.21, the notes stated that
XTR thought the mineralisation ended at Hole 1, Racecourse but drilled further 30m. XTR found 20m of chalcopyrite @0.55% cu [XRF] from recall. Please check - go to members LSE and type dibs61 to check his notes.

On Twitter, #xtr, Edwards is mentioning Doug Menzies, copper expert and what he said in the RNS of yesterday ie hydrothemal system etc. Edwards also mentioned Bushranger CLUSTERS. So, that is being discussed.

Mr Menzies per Colin Bird: "He thinks its BIG." Please check.

News, Tues 26 Jan 2020.

Quote: From above RNS:
"..at Racecourse suggests the deposit is a REDUCED copper-gold porphyry deposit-such depositS are known to have HIGHER GOLD GRADES in comparison to copper grades."

"Colin Bird, Exec Chairman: Initial indications: Hole 1 compares VERY FAVOURABLY to recent intersection from Alkane*s new BODA discovery GRADES." 9 0 5 m with copper grades ranging 0.2 - 0.5% cu COPPER."

"DOUG MENZIES, Consulting Geologist, local expert in copper-gold porphyry within the Lachlan Fold, NSW, Australia: ..suggest RACECOURSE hosts a LARGE FERTILE porphyry related HYDROTHEMAL SYSTEM."

"Hole 1-the drill core exhibits vein-hosted & disseminated CHALCOPYRITE, phyrrhotite & pyrite mineralisation within a VOLCANIC ROCK package EQUIVALENT to that HOSTING NEWCREST*S CADIA VALLEY porphyry cu & au deposit."

"Hole 2: 138.1m in hanging-wall black shales with minor chalcopyrite & pyrrhotite mineralisation WELL ABOVE TARGET ZONE."
----
From: XTR Apr 2020 Presentation
https://xtractresources.com/wp-con COPPER tent/uploads/Bushranger-Summary-Presentation_April-2020.pdf

"CADIA-RIDGEWAY: 3.5Bt @0.26% cu COPPER & 0.4g/t au gold"
"BODA: 502m @0.2% cu COPPER & 0.48g/t gold." [Discovery hole]
Please check.
--------
My Observation:
The XRF copper grades given in the above RNS said 40m from 110m, 148m from 171m and 287m from 474m which DOES NOT = 905m of mineralisation as above, so the lower part is still to come?

I came back to post as the above RNS was issued at 5:14pm yesterday, so Caveat Emptor you were RIGHT-gold assays are now of interest. The entire HISTORIC model of a more copper deposit rather than gold is now changed to MORE GOLD than copper per the above more in keeping with CADIA VALLEY as above [Racecourse-Bushranger is NEXT ish to CADIA-RIDGEWAY].

From the above, it would appear that COPPER GRADES [XRF per said RNS above] COMPARES FAVOURABLY if NOT better than CADIA-RIDGEWAY & BODA [taken this data from XTR*s Apr 2020 Presentation via the map shown. As such, BODA *s data is the discovery hole, not the latest intersection mentioned by Colin Bird as above.] Also, note the cut-off of 0.2% for some of the XRF grades as above [detailed in said RNS].

XTR £33m @5p+, Tues, 26 Jan 2020
News.

XTR RNS, MON 25 JAN 2021 @5PM+

Hole 1, Racecourse-Bushranger, Lachlan Fold, NSW, Australia
Depth 1145m - 905m Porphyry associated copper mineralisation.

XRF results for Hole 1: 0.2% cu, 0.3% cu, 0.4% cu, 0.5% cu & 0.6% cu.

My Comment:
In pre-managing expectations, the above have come in as prognosed in historic grades per the color codes in the XTR RNS Prospect One GEO MODELLING ie brownish green 0.3% cu approx, lighter green 0.4% cu approx and dark green 0.5% cu copper.

Combined with John Cronford*s article today, he has set out from the given data, the various parameters in determining the potential tonnage. Further he used industry $ values per the norm. Hence, Mr Cronford*s article sets and manages expectations going forward as best as the data shows at this point in time BEFORE Hole 2.

I take this opportunity to thank everyone for having me. With the publication of the Cronford article, there is no need to provide balance and perspective as I posted last night. Mr Cronford lays it out.

I will take a rest from posting and wish everyone a happy journey in your investments. As I stated last night, the Prospect One GEO MODELLING map is enlightening and it means that for the time being, that would provide some insight as to the unraveling of the data as it is made known.

With thanks. News, Mon 25 Jan 2021 @5:30pm.

Fri, 22 Jan 2021: C.Bird Interview-DRILLING STARTS TONIGHT. {Hole 2}
Sat 24 hrs drilling = 80m
Sun 24 hrs =160m
Mon 24hr =240m
Tue 24 hrs = 320m

Per Dibs61*s notes, Colin Bird said that mineralisation to reach the "cigar" is 300m?
So, wont it need another 24 hrs ie Wed, 27 Jan 2021 and not tomorrow, Tues Jan 2021 per post below?

XTR share price: 5.2p to sell and 5.50p to buy. [advertised, not live price].
I tested a dummy sell and it was higher.
Now, NT for BOTH Buy and Sell?

Any idea? Is there an auction or shop closed? Thanks.
Mon, 25 Jan 2021 @3:02pm

Post Fri, 22 Jan 2020 RNS & Colin Bird , Executive Interview: Racecourse-Bushranger, Oz

Sell 5.3p & Buy 5.4p [Not advertised, Not live price] +3.77%

Ella10
Thanks - as for the width, the Prospect One GEOLOGICAL MODELLING gives the Racecourse
prospect in detail with the historical lengths and assay grades + color code.
Whilst I took the screenshot from ryantrading9 with thanks, the XTR RNS copy may be clearer
with the SCALE, BOTH right and BOTTOM.

As is usual with such maps, they give an idea of scale, hence one can check FOR SURE, the width.

I have measured it myself vs the lower "fat cigar part."

NEW GEOLOGICAL MODELLING
Has been done by Corbett Menzies & Jeremy Read, Ex-Head of Exploration, BHP Australia -Africa. That was in the Fri, 22 Jan 2021 interview. One only assumes that due to the copper expert [porphyry] engaged, this is what is meant by geologist doing the new modelling.

News, Mon 25 Jan 2021

Ella10

From XTR RNS, Bushranger -Racecourse : PROSPECT ONE GEOLOGICAL MODELLING

Link: https://twitter.com/ryantrader9/status/1348618974913851392 11.1.21

One can see:

All the HISTORIC DRILLING RESULTS WITH METRE INTERSECTIONS.
One can see the COLOR CODE - Brownish green 0.3% cu region, Light Green 0.4% cu region and Dark Green 0.5% cu region vs Actual assay results to get an idea of the areas.

One can see with the NAKED EYE, that the WIDTH gets WIDER lower down to the "BIG FAT CIGAR"

HOLE 1 - RACECOURSE [under XTR]
Colin Bird, Exec Chairman, Interview @Share-Talk, Fri 22, 1.21
"Hole 1 - XRF ---0 . 5 - 0. 6 % CU."

XTR BUSHRANGER PRESENTATION, APR 2020
"Copper grades remain 0. 4 - 0. 5% CU COPPER over these much LARGER intervals with SIMILAR COPPER GRADES to other Lachlan Fold Betl major porphyry cu-au ie Cadia Ridgeway & North Parkes."

ANGLO-AMERICAN
"Option Buy-in @80%.
2MT Cu Eq ie 4 5 0 M t @0.45 % CU EQUIVALENT." XTR Presentation Apr 2020.

Or if XTR decides to mine - see details.

XTR MAP OF LACHLAN FOLD, NSW, AUSTRALIA {Apr 2020 XTR Bushranger Presentation}
"Cadia-Ridgeway ---3.5 Bt -----0.26% CU COPPER -----0. 4 g/t au GOLD"

[NOTE : Above are the OVER-ALL GRADES]

ELLA10
Answer : 250 metres width is given by Mr Colin Bird, Exec Chairman in his Share-Talk interviews starting from 17.12.20, 12.1.21, 15.1.21, 18.1.21 & 20.1.21 and I think it is also in the RNS.
However, Mr Bird said that the WIDTH IS WIDENING as it goes down further. Straits Resources also stated it and I posted it within this link. To check, type in the title and it will come up.

News, Sun 24 Jan 2021
On Fri, 22 Jan 2021, at almost on the 4.30pm bell, live quote NT to buy.
On Fri, 22 Jan 2021, the a/c showed 5p to sell [advertised 5.10p].
Sun, 24 Jan 2021, a/c NOW shows 5.10p to sell.

BODA-ALKANE
EDISON REPORT: "ALKANE RESOURCES: 007 STRIKES IT RICH." 23.4.20

"BODA
STRIKE: 712M
SIZE OF BODA COULD BE IN THE ORDER OF ------------738MT -----0. 3 5 g/t GOLD
[0.51 g/t gold EQUIVALENT].

"containing up to 8.3 MOZ GOLD worth 55c [Oz] to Alkane shareholders."

Link: https://www.edisongroup.com/publication/007-strikes-it-rich/26666/

Versus

RACECOURSE -BUSHRANGER
JORC 71MT @0.44% CU COPPER & 0.064 g/t au GOLD

PROSPECT ONE - RACECOURSE MODELLING
Hole 1 Racecourse drilled under XTR to test the "GUT" [term used by C.Bird] appears to be correct as they followed Prospect One*s Geologically MODELLING shown in XTR RNS.

Hole 2 - WANTS TO FIND HOW LONG ACROSS IS THE "BIG FAT CIGAR" [terms used by C.Bird, Executive Chairman of XTR Bushranger. This is to determine WIDTH [across]. The big fat cigar is much further down.

BODA 1,000m strike x 450m width x 1,000m depth
RACECOURSE 1,000m strike x 250m width at the top but get more wide as it comes to the big fat cigar part lower down x 1,000 depth.

NEW MODELLING RACECOURSE
Going to be done by Jeremy Read, Ex-Head of Exploration, BHP AUSTRALIA -AFRICA
CORBETT MENZIES- COPPER PORPHYRY EXPERTS

C.E
The Hole 1 results stated 940m of continuous copper mineralisation. From the historic data of past drilling , gold is not the pre-dominent metal. Also, Straits who owned Bushranger said COPPER MINE - associated zinc and gold. So appears gold is a credit rather than MAIN metal?
Have to wait to see.

News, 24 Jan 2021
XTR share price 5p [mid]. Fri 22 Jan 2021 - Mkt Cap £31m
vs ALKANE A$506m at 85c Australia https://hotcopper.com/asx/alk/

ABOVE IS DEFINITIVE PROOF OF BODA GRADES. Earlier post in this thread shows that even HIGH GRADE is not high compared to what people think/perceive as high. This is the LACHLAN FOLD, NSW, AUSTRALIA grades.

DYOR.

"ALKANE RESOURCES
confirms LARGE-SCALE BODA potential with re-orientated drilling
returning broad H I G H GRADE gold copper zones."-Proactive Investors.com.au 18 Dec 2020.

https://www.proactiveinvestors.com.au/companies/news/alkane-resources confirms-large-scale-boda-potential-with-reorientated-drilling-returning-broad-high-grade-gold-copper-zones-936904.html

Quote:
"KSDD028 returned ---------832 METRES grading ---0. 3 8 g/t GOLD & 0. 17% cu COPPER."

"Other diamond holes also producing broad, HIGH GRADE RESULTS including ---366.8m
----0. 2 7 g/ t GOLD & 0 . 1 1 % cu COPPER."

"BODA is a landmark porphyry gold copper system which the co believes has the potential to be a LARGE TIER-1 GOLD-COPPER project."

Dimension given earlier in another article: BODA 1,000m strike [gone to 1,100m now+], 450m width & 1,000m depth.

vs

XTR RACECOURSE-BUSHRANGER, NSW, OZ

Per Colin Bird, Executive Chairman, XTR, Bushranger @ Share-Talk interview, Fri, 22 Jan 2021
--XRF Hole 1, Racecourse : -----0.5% Cu - 0. 6% Cu COPPER.

JORC 71Mt @0.44% cu copper

Dimension: 1,000m strike x 1,000m depth x 250m width although larger as it goes deeper.
XTR GEO MODELLING: Brownish green 0.3% cu , Lighter Green 0.4% cu & Darker Green 0.5% cu from RNS and actual drilling results [historic] to illustrate the color codes.

STRAITS RESOURCES in 2006 Final Report A/cs: [ASX ANN/RNS, Prelim Final Rep 31.12.06]
"Exploration work by Straits DEFINED the RACECOURSE prospect, a LARGE MINERALISED UNIFORM SYSSTEM over OVER 1.5KM X 1KM with the potential to be a LARGE COPPER MINE. Drilling has DEFINED A LARGE CHOCOPYRITE COPPER SYSTEM with associated zinc and gold with VERY CONSISTENT GRADE from surface. Mineralisation identified has a gentle westward plunge that increase in THICKNESS WITH DEPTH." Straits $982m revenues per this a/c.

TOODAY, ASX bought Bushranger from Straits
They said they did IP etc and stated 1,000m STRIKE. Also said that no drill beyond 350m.

XTR - stated 1,000m strike x 250m width & 1,000m DEPTH.
So, there may be more as Straits said {?] but it may not have been tested via IP etc by Tooday?

COLIN BIRD INTERVIEW @12.1.21 @SHARE-TALK
"BUSHRANGER VS BODA: PRETTY MUCH THE SAME -BETTER."

COLIN BIRD INTERVIEW@20.1.21 @SHARE-TALK
After 940m of mineralisation at XTR Bushranger:
"1,100M -CONFIDENT BIGGER: CADIA RIDGEWAY, NORTH PARKES."
[Cadia Ridgeway is the next doorish neighbour to Bushranger & North Parkes is in the same Lachlan Fold Transfer Zone, NSW, Australia].

My Comment:
Whilst the detailed results at BODA re: KSD0028 as above may show higher inclusive intersection grades, NEVERTHELESS THE FINAL OVER 832m = 0.38 g/t gold & 0.17% cu copper.
BODA is MORE a GOLD project whilst BUSHRANGER - RACECOURSE IS MORE A COPPER project with associated gold.

THE ABOVE RESULTS ARE FROM THE BODA-ALKANE RNS and THE ABOVE IS
CONSIDERED HIGH-GRADE FOR LACHLAN FOLD, NSW, AUSTRALIA.

For perspective of ACTUAL RESULT

HOLE 2, RACECOURSE
Drilling started Fri night, 22 Jan 2021 [Colin Bird Interview of this date]

WHAT IS ONE LOOKING FOR?
Prospect One owned Bushranger and sold it to XTR. They produced GEOLOGICAL MODELLING for Racecourse and XTR included it in their RNS.

Link: https://twitter.com/ryantrading9/status/1348618974913851392 11.1.21 [GEO MODELLING-Prospect One]

COLIN BIRD:
LOOK FOR WIDTH - ESTABLISH GRADES.
From dibs61*s notes of this interview, Fri, 22 Jan 2021 after RNS, one can see that Racecourse
HOLE 1 HAS ALREADY BEEN DRILLED THROUGH THE GUT. Look at the black line 001.
One will also see that AT THE END, there is NO COLOR CODE - Prospect One did NOT know what was BEYOND. We [shareholders now know that MINERALISATION EXTENDED more by 232m than targeted = 940M OF CONTINUOUS MINERALISATION.]

The geologist and Mr Jeremy Read [Ex-BHP Australia/Africa] has produced a NEW GEO MODEL and per Mr Bird, the ORIENTATION of the DRILLS [next] are different.

Per Mr Bird, they want to ESTABLISH WIDTH [across]. Per dibs61*s notes, the MINERALISATION STARTS FROM 300M. Look at the Prospect One modelling. IT IS THE DEEPER LIGHTER GREEN BASE that looks like Cornwall that is to be MEASURED ACROSS. On the RIGHT SIDE, there is also mineralisation that GOES ACROSS -this will also need to be measured with its ATTENDANT GRADES.

In short, there may NOT be 940m of continuous mineralisation BECAUSE THE ORE BODY LOWER DOWN STARTS FROM 300M, not 100m.

GRADES
One can see all the grades that is DENOTED BY brownish green 0.3%, light green 0.4% cu and dark green 0.5% cu APPROXIMATELY looking at the past drill holes shown with ASSAY RESULTS. This gives some idea and it is of no surprise that Hole 1 per XRF showed 0.5-0.6% CU per CB*S Fri, 22.1.21 interview.

Whilst some intersections [historic] may show slightly HIGHER GRADES, it still does not mean that the WHOLE ORE BODY will produce that 1 grade. For this reason, EDISON*S CALS AND LUCKY25*S CAL ARE ON A V E R A G E OVERALL GRADE -for Boda it is 0.35% cu or cu equiv from recall. Lucky is being conservative to use 0.44% cu per last JORC and this is the grade AA wants per the agreement.

So, hopefully, folks will understand that this current exercise is to TEST PROSPECT ONE*S GEOLOGICAL MODELLING as above.

Dibs61 link: https://www.lse.co.uk/profiles/dibs61/ Dibs produced the detailed notes from Mr Bird*s Fri , 22.1.21 interview. Look at what Mr Bird says about establishing WIDTH and establishing GRADES. When the fluid flowed down, Straits Resources said that the GRADES are "VERY CONSISTENT."

Hope CE, you will help folks understand the objective of the exercise and the needed OVERALL GRADES [X tons @ overall average grade all inputted] rather than a few metres of X%.

News, Sat 23 Jan 2021.
Colin Bird*s interview is self-explanatory and what I said is what he is saying? See dibs61*s detailed notes by clicking on the link. Just trying to manage folk*s expectations. To me, they