16th Jul 2021 13:15
(Alliance News) - Xtract Resources PLC on Friday said phase two diamond drilling programme has started at the Bushranger copper-gold porphyry exploration project, located in the Lachlan Fold Belt of New South Wales, Australia.
London-based Xtract Resources is a diversified metals and minerals producer.
A total of about 8,000 metres of drilling is planned in the first block of 13 holes using two drill rigs, focussing primarily on further definition of the potentially open-pittable, higher-grade copper-gold zone in the central part of the resource area.
The company will provide more details of its drilling aims and progress as the programme advances.
Shares in Xtract were up 4.7% at 4.40 pence each in London on Friday afternoon.
By Amrit Sahota; [email protected]
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