On Friday the company provide a further update regarding progress of the second hole in the Phase One diamond drilling programme at the Racecourse Mineral Resource on the Bushranger porphyry copper-gold exploration project located in the Lachlan Fold Belt (“LFB”), New South Wales, Australia.
We spoke with Colin Bird, Executive Chairman today and he gives a comprehensive rundown of the company assets and what investors can expect short term.
· Drilling in hole BRDD-21-002 has been extended to the current depth of 846.5m, past the original planned depth of 750m, as the hole has continued to intersect copper mineralisation.
· Mineralisation occurs in the form of disseminated and fracture-fill chalcopyrite throughout the lower marginal alteration zone of the porphyry to the current depth.
· Drilling will continue while the hole remains within the mineralised zone.
Hole BRDD-21-002, the second hole of up to six planned holes in the Phase One Drilling Programme at the Racecourse Mineral Resource on the Bushranger Project, is collared over 300m from the previous hole, angled at -80 degrees and is offset from strike with the aim of crossing through the down-plunge extension of the deposit at depth.
Further information is available from the Company’s website which details the company’s project portfolio as well as a copy of this announcement: www.xtractresources.com
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