| Announcement Date: | 2022-03-07 |
|---|---|
| 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. 280m @ 0.31% Cu, 0.07g/t Au, 1.2g/t Ag from 205m |
| 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 holes BRDD-021-021 and BRDD-21-024 from the Phase 2 diamond drilling programme at the Bushranger copper-gold exploration project. Drillhole BRDD-21-021 was drilled at an inclination of -55 degrees towards the east to a final depth of 686.1m. The hole was drilled at a steeper angle from the same drill pad as the best hole on the Bushranger project to date, BRDD-21-008, but in a more easterly direction to test the along-strike continuity of the mineralisation towards the south-east and at depth. Hole BRDD-21-021 has repeated the success of hole BRD-21-008, which an overall intercept of 280m at 0.36% CuEq from 205m, including a higher-grade interval of 92m at 0.53% CuEq from 205m downhole depth. Drillhole BRDD-21-024 is situated towards the southern extension of the Racecourse Inferred Mineral Resource and was drilled at an inclination of -60 degrees towards the northwest, completed at a final depth of 660.6m. |
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