Announcement Date: 2022-05-31
Announcement Type: Drilling Results
Announcement Code: (no Code)
Company name: Xtract Resources Plc
Project name: Bushranger
Location: Australia
Commodities: Gold,Copper
Highlight: Drilling results incl. 64m @ 0.38% Cu, 0.3g/t Au from 552m
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 provide an update and overview of the results achieved to date at the Ascot Prospect on the Bushranger Copper-Gold Project in central New South Wales, Australia. The Bushranger Project Phase 2 drilling programme has been highly successful in defining a mineralised trend of multiple porphyry copper-gold intrusions, over 3km of strike length from Racecourse to Ascot, with Ascot being open to the south and at depth. Our assessment of the drilling results from Ascot is ongoing and we will focus on the potential to extend the gold intersections to shallower depths.” Ascot Prospect Drill Results Table 1. Summary of significant drill intercepts at Ascot announced to date The discovery of the Ascot prospect was made when Xtract resources tested a large induced polarisation (“IP”) geophysical anomaly 1.5km to the south of Racecourse. Drill hole BRDD-21-033 tested this IP anomaly in the east of the project and intersected a broad zone of porphyry-copper alteration, indicating the potential for a new discovery near-by. The drill-rig was turned around and drilled to the west from the same drill pad with drill hole BRDD-21-035
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