13th Jul 2021 20:37
Xtract Resources PLC - London-based gold miner with assets in southern Africa and Australia - Announces the results of a geophysical survey at the Footrot prospect on the Bushranger copper-gold exploration project in New South Wales, Australia.
Results showed a large chargeability anomaly extending over 1 kilometres, similar to findings at Xtract's Racecourse drill site. These results most likely reflect extensive copper reserves in an area of already historic copper soil anomalism.
"We are pleased that the Footrot prospect is demonstrating a similar geophysical signature to Racecourse. Arising from the Phase One drilling programme and geophysics testing at Racecourse we have learned much about the mineralisation patterns relative to geophysical models. In addition, we have learned that strong pyrrhotite and pyrite mineralisation is a good indicator for copper mineralisation. We plan to undertake further geophysics using drone technology over the Racecourse project whilst identifying the best drill site to test the Footrot geophysical signature," said Executive Chair Colin Bird.
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By Aidan Lane; [email protected]
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