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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