Announcement Date: 2021-11-24
Announcement Type: Drilling Results
Announcement Code: (no Code)
Company name: Xtract Resources Plc
Project name: Bushranger
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 122m @ 0.3% Cu, 0.04g/t Au, 2.0g/t Ag from 202m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Board of Xtract Resources Plc (“Xtract” or the “Company”) is pleased to advise that independent laboratory assays have been received for drill hole BRDD-21-012 on the Phase 2 diamond drilling programme at the Bushranger copper-gold exploration project. Drillhole BRDD-21-012 was drilled at -50 degrees to the NE and completed at a final depth of 498.4m. The hole was designed primarily to test the tenor of copper mineralisation at shallow depths above the highgrade “crown” of the Racecourse porphyry intrusion. Assay results have confirmed a 122m intercept grading at 0.34% CuEq from 202m downhole, which includes higher grade intervals of up to 38m grading at 0.66% CuEq from 230m downhole. A deeper zone of gold mineralisation was intersected on the eastern side of the Racecourse porphyry body. The zone includes a broad intercept of 48m at 0.27 g/t Au from 434m depth, which includes a 6m intercept grading 0.74 g/t Au from 460m depth. This secondary gold zone on the eastern flank of the porphyry body has been consistent in the assay results received to date and the company intends to model its significance.
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