Member Info for news

Link: Picture of Racecourse drilling map of where HOLE 1 is and where previous holes were.
https://twitter.com/ryantrading9/status/138618974913851392/photo/1

Observation from the Map:
1] Hole BRDD-20-001 shows the END of the proposed drilling.
One knows now that Hole 1 has GONE BEYOND the proposed initial depth by some >200M.
Therefore, the prospect appears BIGGER than initially prognosed in depth = 940m of continuous mineralisation. MODEL WAS NOT AWARE THAT THE ORE-BODY WENT DOWN SO FAR because NO COLOR CODE.

2] It looks like a CARROT ON ITS SIDE as Colin Bird said ie the ore-body.

3] As it goes deeper, the WIDTH is EXPANDING - appears by SEVERAL TIMES.
MEASURE IT - the WIDE LIGHTER GREEN.

4] To DECODE GRADES - LOOK AT THE COLOR CODE = DARK GREEN AND GRADE, LIGHTER GREEN AND GRADE and browish green and grade.

5] If the EXTRA >200M was NOT MODELLED, ONE WILL FIND OUT THE GRADES once released via assay.

In Australia, one geologist [exploration] has GEO SOFTWARE to input and he did it for Havieron. This geo is on Hotcopper. So, from the map given, a rough modelling can be done as it was for Havieron?

The tweeter that posted this chart/map from the RNS stated: "BUSHRANGER is huge. DRILLING WILL SEE 500M....LOOK AT BODA..excited here."
----------
By BODA, Ryan means 502m DISCOVERY HOLE.
By the time, Racecourse drilling ended at 1,107m, there was 940 METRES OF CONTINUOUS MINERALISATION. SO NEARLY DOUBLE but Ryan was not to know at the time of the posting.
---
As Colin Bird said, an INDEPENDENT COPPER EXPERT HAS BEEN ENGAGED to help PLAN THE NEXT HOLES AND DEVELOPMENT. Mr Bird will QUOTE from this expert and he said he will REPORT TO SHAREHOLDERS NEXT WEEK FROM THIS REPORT from the copper expert.

Have a look. That*s just my observations of the map and the ACTUAL DRILL RESULTS FROM RACECOURSE FROM PREVIOUS DRILLING [not sure its Tooday*s drilling, Straits or Anglo]

DYOR.

4] COLOR CODES - DARK GREEN, lighter green and brownish/greenish.
LOOK CAREFULLY AT THE COLOR CODE AND THE GRADES that denote the COLOR.
Best is DARK GREEN and lighter green pretty good.

<>Look at RIGHT of CARROT - EDGE OF HIGH GRADE ZONE AS C.BIRD SAID-IT IS VERY SHALLOW

Edison gives BODA at 0.35% CU or cu equivalent.
So, keep that in mind as perspective.
Colin BirdL: "BUSHRANGER VS BODA: SAME, BETTER. BODA $400M MKT CAP."
XTR CAP: £30M.

BODA*S DISCOVERY HOLE OF 502M - RERATED $140M JUST ON THAT DISCOVERY.

A lot of traders SOLD out per the volume and what was posted.

When in, it was great potential and 12p and 40p.

Now, a different story.

MEDIA COVERAGE ABOUT THE 940M OF CONTINUOUS COPPER MINERALISAITON IS HITTING THE MINING PUBLICATIONS and even the Evening Standard is reporting on Xtract.

NEXT WEEK, COLIN BIRD WILL REPORT as he said on what the expert says and he will quote him.

No co with 940M OF CONTINUOUS MINERALISTION IN A TIER 1 JURISDICTION had a mkt cap of £30m after the drilling? Not Solg. Not GGP whom John Cronford wrote about relating to where the GREATLANDERS HAVE GONE - he said there is a CHANCE THE CO*S ARE ON TO A SERIOUSLY LARGE FIND. Cronford tracked Greatlanders to XTR, hence why we wrote about Bushrangers which he said had something to fall back on.

BODA is the case in point and Colin Bird said, "PRETTY MUCH THE SAME, BETTER."
Bushranger vs BODA. He added: "MKT CAP $400M." [Ref to BODA]

NEXT WEEK, THE EXPERT [INDEPENDENT] COPPER EXPERT WILL GIVE HIS REPORT AND COLIN BIRD WILL INFORM US AND UPDATE US, SHAREHOLDERS.

Too much media now and too much HARD FACTS THAT IS IRREFUTABLE ie RESULTS OF HOLE 1, BUSHRANGER AT 940M OF CONTINUOUS MINERALISATION especially its FROM 110-1105M.

Ro51ter: "XTR: THIS HAS MUCH FURTHER TO GO.
40P COULD EASILY BE POSSIBLE."

From the London South East Archives dated 18.1.21 @12:23
A few days go vs current on VALUATION OF XTR.
Link given earlier in the last post in this thread.

For some perspective. 21.1.21

From the London South East archives:

Ro51ter: " XTR: Plenty read on the wed site. This has HUGE POTENTIAL. Another GREAT RNS this morning." Posted on 19.1.21 at 12:23

"XTR: Will IT BREAK 12P." Posted on 19.1.21 @7:36

Link: https://www.lse.co.uk/profile/Ro51ter

For perspective of current and two days ago on XTR.

LoL
Thur, 21.1.21

"EVENING STANDARD:
"FTSE: Breaking News and Analysis from UK markets"
"
BOOMTIMES FOR XTRACT RESOURCES. AUSSIE COPPER HUNTER XTRACT RESOURCES SHARES POPPED 110% TODAY AS THE AIM-LISTED MINER REPORTED ON..." 2 days ago.
------------
I cant provide the link as one has to sign in at the Evening Standard UK.
However, if you post the blurb ie boom times for xtract as above, it will show up under Evening Standard to check.

Nice. COVERAGE STARTING.
Also, Morningstar is now posting Xtract Resources 940m results and the £5m raising as well today.

"Xtract raises £5m for exploration, project development."-Creamer Mining, 5 hrs ago, Thur, 21 Jan 2021
https://www.miningweekly.com/article/xtract-raises-5m-for-exploration-project-development-2021-01-21 MINING WEEKLY

"Executive chairperson, Colin Bird explains the co elected to raise the money on PLEASING DRILLING of the 1st hole in the Phase 1 diamond drilling at the RACECOURSE mineral reserve at BUSHRANGERS copper/gold exploration project, New South Wales, Australia.

The placing funds will also assist in FAST-TRACKING the EUREKA project in Zambia and drilling is expected to start there WITHIN COMING WEEKS.

Addison Mining Services has provided a PROVISIONAL OPEN-PIT profile for the Eureka project and the shape extraction plan will be finally determined by the drilling."

---------------
MINING MEDIA NOW STARTING COVERAGE ON XTR AND BUSHRANGER.
Creamer Mining Media is also Mining Weekly - I dont know what other sister pub there are in the group?

Nice. That*s all.

theiceberg,
There is NO prob. I quoted a tweet from Twitter relating to the LENGTH of mineralisation of Racecourse at 940m and it was cited with Porvenir at 899m. So, the tweeter on #xtr wanted to show that 940m is good with a comparitive. End of.

So, I posted this on the XTR forum.

Out you come with PORVENIR is BIGGER than Racecourse and you said NEWS. No one on this forum is bothered if Porvenir in the end turns out to be BIGGER . We, shareholders are interested in BUSHRANGER [prospects as in PLURAL]. So, you start with how you wrote article that the CFO of Porvenir posted up and your article was passed around the geologists in that co.

So, if I post something, you will come up with something else. If you LEAVE me out of your POSTINGS and your article, I have nothing to say.

I said VISITORS [plural] and I did NOT say that you provided TONNAGES.

How did I hear about iceberg? I was on Hotcopper and a chap from a mining uni posted under the title: PORVENIR and he cited you saying I agree with Iceberg ie 0-2% cu from recall. Maybe, he took it out of context or that has NOW been REMOVED. I cannot tell as my memory is pretty good, English understatement.

I remember you and one of your post on Solgold when I was not posting as I was an early poster.
You said you were from B, a bank and you did the software. I have seen you around and then you disappeared for a time. Then, back to Porvenir.

So, lets leave it at that.

Creamer Media Mining Weekly:
"COPPER MINERALISATION FOUND THROUGH 940M OF FIRST-HOLE DRILLING AT BUSHRANGER."24 hrs ago, Thur, 21 Jan 2021.

https://www.miningweekly.com/article/copper-mineralisation-found-through-940-m-of-first-drilling-hole-at-bushranger-2021-01-20 [Mining Weekly.com]

"Copper mineralisation in the form of disseminated and fracture-filled CHALCOPYRITE associated with strongly altered quart-feldspar porphyry, has been VISUALLY identified in CORE OVER 940M LENGTH from 110m -1,050M D E P T H, CONFIRMING that the RACECOURSE COPPER/GOLD DEPOSIT represents a SUBSTANTIAL MINERALISED PORPHYRY SYSTEM."

"The results of this hole will be ASSESSED in the coming days and will feed into PLANNING for the next holes in the programme. An INDEPENDENT PORPHYRY DEPOSIT EXPERT has been engaged to assist with DEVELOPING FUTURE P L A N S."

"However, Xtract notes that ACCURATE mineral info for COPPER, GOLD AND O T H E R accompanying ELEMENTS will only be ESTABLISHED BY FULL LAB ANALYSIS."
------------------------
-----COVERAGE HAS STARTED VIA MINING MEDIA---------
News, Thur, 21.1.21
That*s all from me.

Last sec, sp
4.8 to sell and 4.8 to buy?
Earlier, 4.802p to sell live vs 4.8p to sell [advertised].
Can post now that the mkt is closed.
Not sure why BUY AND SELL LIVE EQUAL PRICE?
21.1.21 [Thur]

Here we go.

Live dummy: Price to sell slightly higher than buy.
Kindly check. @4:24pm, 21.1.21

TheIceberg
I would like to clarify a point as an example.
You cited Porvenir - if any investor expected grades of 0-2% CU in Ecuador and plunged in with their savings, then when the results actually came out at 0.5% cu EQUIVALENT [that means COPPER + gold], then they would be disappointed. More so, if high grades were posted up on any forum BEFORE actual assay results. It was good that Porvenir was not a STAND-ALONE project and is mixed with Alpala so that it would be a mix of prospects. What if Porvenir was owned by a small AIM co and it was posted BEFORE results that it could come in at 1% or 2% cu copper? Even 1% these days would be rather on the more unusual given that RIO*S WINU prospect came in at around 0.5% cu from recall? From research, Southern Ecuador has NEVER produced 1% or even 2% cu copper. The Chinese mine in the area at best was 0.6% cu.
So, that*s the reason why I mentioned it and why posters SHOULD NOT post HIGH GRADE EXPECTATIONS BEYOND WHAT THE AREA CAN ACTUALLY PRODUCE and EMPIRICAL RECORDS will show it via GOVT MINING DEPT OFFICIAL RECORDS.

Same with FORUM EXPERTS POSTING CALS GIVING TONNAGE based on NO ASSAY RESULTS. North Parkes did NOT produce ALL wonderful grades etc and the same with BODA, some early intersections were around 60m hit and grades even as low as 0.17% & 0.22% cu. Cadia has 0.28% cu.

Again, if TONNAGE is given via back of envelope cals, it could cause people to SELL because the cals has put it at X or Y.

For this reason, I do NOT do cals as to tonnage but I quote from the co and the benchmarks in the area to give an idea + the other co*s that have mined in the area.

One has to be careful as newbies may not know enough of drilling. At Havieron, there was a heavy sell off as forum experts said NOT GOOD ENOUGH - there will be NO JV without a PFS etc. Surprise Newcrest JV*ed after 9 holes. Rather unheard of but the results were good enough obviously. If investors had taken in WHAT SPROTT SAID IN THEIR REPORT, THEY WOULD NOT HAVE SOLD OUT AT A LOSS POSSIBLY rather than listen to forum "experts". This is history but something to take on board.

So, that is a fuller explanation.

L2,
That would be logical - would I or you or everyone else on this forum lend £5m without some idea?

In a fuller answer to Lucky:
We know from the XTR RNS that XRF have been done on the cores. It has also been sent to the LAB. In so far as the XRF is concerned, Colin Bird , Executive Chairman is right to be careful with releasing those XRF results. Normally, co*s do not issue XRF for the whole core but are sent for assay. So, the initial 28m XRF appears a treat to let us know + pic of the core.

The COPPER PORPHYRY EXPERT has been brought in to not only report but to give direction to the next drill perhaps where or whatelse?

So, the first thing the expert would need to see is the CORES itself and the XRF results. Like at Alpala, Dr Steve Garwin, a world renowned expert in porphyries went over LAB ASSAY results and found some wrong so needed correcting. So normal practice. That is how one expects the same here - the copper expert will XRF the results and probably sign or check the XTR XRF again.

However, Mr Bird said he will QUOTE from the copper expert and in his latest interview he said A REPORT WILL BE REPORTED NEXT WEEK.

That is the total context. Not exactly that after consultation, the XRF will be released. They may or may not be. XTR may wait for LAB ASSAYS but may indicate what the copper expert said. Dr Steve Garwin from Stanford & Oxford or Camb is also a consultant. Wouldnt it be lovely if the expert was Dr Steve Garwin? Just a dream.

Thanks.

HAVIERON
Some holes were good and some not so good. Hole 1 discovery & 5 of note.
Total drilled 9 holes with a total of £9m raised.
Most thought it was NOT good enough ie grades especially Hole 6-9.
The Australian, Oz*s largest newspaper said it was the best in the last 20 years.
Sold off due to the comment: Not good enough even though CEO said the industry telephoned him to congratulate him. SHOCK - JV with Newcrest shortly for 75% vs 30%.

XTR BUSHRANGER
Only Hole 1 intersection known @ 9 4 0M CONTINUOUS MINERALISATION and stated to be "visible copper" [please check]. FOOTROT, 2nd porphyry mentioned TWICE by Colin Bird in his Share-Talk interviews.

BUY-IN OPTION: ANGLO-AMERICAN 80% BUY-IN-OPTION and IF MINING, there are also further clauses. So, XTR DID NOT HAVE TO GIVE AWAY 70% of the potential prospect at Racecourse akin to Havieron? Also, shareholders do not know what Mr Bird intends with FOOTROT -Tooday did IP etc on it + others on the Bushranger licence. Mr Bird mentioned "EPITHERMALS" also at Bushranger.

XTR MKT CAP £30M
As a comparitive posted earlier from Twitter, the mkt cap appears reasonable comparitively with Hole 1, Bushranger result of 940m CONTINUOUS MINERALISATION.

QUESTION
Will Bushranger -Racecourse turn out to be BODA, NORTH PARKES -CADIA RIDGEWAY AS CITED BY COLIN BIRD IN HIS SHARETALK INTERVIEWS?

TIME WILL TELL but at £30m mkt cap + MANICA, EUREKA & Zambia, it appears to be quite interesting.

We, shareholders will know more next week when Mr Bird tells us @report after consulting the porphyry copper expert they hired. On board is the EX-HEAD OF EXPLORATION , BHP AUSTRLIA & AFRICA. I think that for me, I would rather go with the HEAD of Exploration, BHP Australia + copper expert but time will tell. After all, BHP is the world*s largest miner with mkt cap at billions so being Head of Exploration BHP Australian, I think he knows more about Lachlan Fold, NSW, Australia than the "experts" that will arrive at this forum in the coming days. Mr Read is a Geologist.

News, Thur 21 Jan 2021.
I will take a break and await the copper expert*s opinion.

Colin Bird said that "STAGGERING, SO STAGGERING [Ref: Intersection length] that a SUPER DUPER PORPHYRY COPPER EXPERT HAS BEEN CALLED IN" & "I WILL BE QUOTING FROM HIS REPORT."

So, whilst there might be more XRF, that has be checked with the said porphyry expert and as Colin Bird told us, he will give us A REPORT NEXT WEEK.

In answer to one comment I read: Anglo-American did not sell Bushranger outright but drew up an AGREEMENT to piggy back to buy 80% as a 1st right of refusal buy-in or IF MINED at less than their specified. So, that tells the story.

I will leave some thoughts:

VISITORS AT XTR
They have started arriving. One did numerous cals and said that Racecourse is X and Y. Others pointed out that the inputting of the figures WITHOUT actual grades from assays at Hole 1 is pointless. That is the consensus. So, we have many "experts" who, no doubt in the coming days will do more cals etc.

BALANCE
Colin Bird, Executive Chairman, XTR [BUSHRANGER] @Share-Talk Interviews recently:

1] "BUSHRANGER vs BODAJ: Pretty much the same, Better." - Pre 940m continuous mineralisation.
[Boda*s CEO thinks they may have a Tier-1 per their 9.1.20 RNS on ASX ALK]

2] COLIN BIRD: " 1 1 0 0M -CONFIDENT OF BIGGER ONES: NORTH PARKES -CADIA RIDGEWAY"
[This is post 940m continuous mineralisation at Bushranger -Racecourse].

3] JEREMY READ - NEW DIRECTOR AT XTR - FORMER HEAD OF EXPLORATION, BHP AUSTRALIA & AFRICA.

NORTH PARKES -CADIA RIDGEWAY -BODA {Lachlan Fold, same as Bushrangers]
I have been reading up on North Parkes, 450Mt ish which is what Anglo-American wanted ie 440Mt. Obviously, North Parkes like so many deposit had better and not so good grades akin to typical LACHLAN FOLD grades. However, Colin Bird said "NORTH PARKES SOLD TO CHINESE FOR $800 - HAD BIG HOLES."

In the coming days, there will be many more "forum experts" VS Executive Chairman, XTR and Jeremy Read, Head of Exploration, BHP AUSTALIA & AFRICA + BODA CEO, EDISON ON BODA, LIVEWIREMKTS, all of whom have cited the DIMENSIONS of BODA at 1KM DEEP, 1KM STRIKE AND 400M WIDTH to potentially PRODUCE 780MT [Edison on 720m strike] & Livewiremkt 190-550MT before results.

In my earlier experience with Solg, GGP, the CEO*s did presentations and also in the case of GGP, the CEO*s said via their technical data has turned out correct much later and with a MATCHING MKT CAP.

So, I will leave it here and date-stamp this post as at Thur, 21 Jan 2021 wherein RACECOURSE has RNS 940M OF CONTINUOUS MINERALISATION AT HOLE 1, BUSHRANGERS.

Time will tell.

News, Thur, 21 Jan 2021.
@2:35pm
XTR 5p, Mkt Cap £31m.
DYOR.

TheIceBerg,
P.S. You said that the CFO posted up your ARTICLE on Porvenir?
And that geologists at the co passed around your article?
I read your article on Porvenir. You cited BEFORE results that Porvenir Hole 1 would come in at 0-2% cu copper looking at the cores. On Hotcopper, it was also posted up.

That*s where I read it.

Porvenir turned out 0.5% CU EQUIVALENT.

On ADVFN, that co, I posted that Porvenir results ie grade could come in THE SAME AS ALPALA looking at the core pics when asked by MK.

So, in my view [not important] , it is not my view that Porvenir [where they are drilling alone] will produce as big or bigger than Bushranger. Where they are drilling appears shallower. However, one cannot say about the other prospects.

So, lets say TIME will TELL.

News, Thur 21 Jan 2021.

theiceberg,
If you look at MY post, it was from someone on Twitter.
Specifically, the poster on Twitter NOR DID I mention that Porvenir is AS big or NOT so big as Bushranger.

The mention was ONLY on the intersection and I said it is NOT an everyday occurence.

As for BUSHRANGER, XTR are drilling RACECOURSE. Colin Bird himself said: "1100m -CONFIDENT OF BIGGER - NORTH PARKES -CADIA RIDGEWAY." Verbatim from the Executive Chairman of XTR in his Share-Talk interview on 18.1.21

So, lets leave it at that. In Australian reporting, they mentioned that BODA captured investors imagination as well as Hot Chili [ASX] due to the INTERSECTION of more than 900m from recall.

TheIceBerg-I hope this is not the start of continuous s....because if you post , then let people see your work rather than extend just a simple concept of just talking of INTERSECTIONS but has extended to Provenir bigger than Bushranger.

No one yet knows about Porvenir - even Mather has not said anything or SP Angel.

As for BUSHRANGER, there is FOOTROT etc so more to come + epithemals.

smorrisjones
In answer to your Question:

"XTR [4.9p] shrewd will be buying at current levels ahead of significant news.

How many know that if all goes to plan, Xtract will be delivering $1m a MONTH free cash from its operational projects in Zambia and Mozambique by year end.

Then, there is Blue Sky at Bushranger!!"

6 mins ago on Twitter under #xtr thread, Thur, 21 Jan 2021
https://twitter.com/OilPlayer2009/status/1352250025645137922 [not me]
-----
John Cronford*s article on where Greatlanders have gone to ie XTR - he said there were other projects at XTR and something like "something to fall back on" [para-phrased] from recall.

So, those are the KNOWN figures given. From Colin Bird*s last interview, he did mention how much is coming in. However, I came to XTR only for Bushranger so I do not know much about the other projects. Legacy holders can help on that score.

On Twitter, under XTR thread:

"XTR HIT 940M not chicken feed & ranks amongst Lachlan neighbours."-BUSHRANGER

"Porvenir HIT 899m @ 0.5% CU EQUIVALENT considered Monstrous."

https://twitter.com/ResourceTraderX/status/1352245666639179778 8 mins ago, Thur 21.1.21 [not me].
----
Porvenir
Yesterday, on the London South East, someone posted up CRUX INVESTOR*s report on Porvenir which they gave a value of $300m currently. At Porvenir, only Hole 1 INTERSECTION and grade known. However, Andrew Neal [not me] at the time posted a screenshot of TSX BEST EXPLORATION RESULTS for that week and Porvenir came in at NO 3.

Yes, so in terms of INTERSECTION LENGTH, BUSHRANGER at 940M is not to be sniffed at given it is not a everyday occurence. Colin Bird said only 3% of Lachlan Fold, NSW, Australia co*s hit beyond 300m?