19th Aug 2021 15:45
Xtract Resources PLC - metals and minerals producer - Completes fifth and sixth holes at the Bushranger copper-gold porphyry exploration project in New South Wales, Australia.
The drilling of holes further confirms the occurrence of wide zones of mineralisation at the Racecourse exploration target.
Looking ahead, drilling of the seventh and eighth holes of the phase two programme is underway, targeting the continuation of mineralisation to the southeast of the Racecourse deposit.
"Both these holes were within the conceptual pit shell and as such continue to confirm our prognosis for the potential for an expanding large open pit. As the programme continues, we will be testing the limits of the shell, and as we drill test the recently generated geophysics the potential for further expansion exists," said Executive Chair Colin Bird.
Current stock price: 3.65 pence
Year-to-date change: up sharply from 1.78p
By Dayo Laniyan; [email protected]
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