The Board of Xtract Resources Plc (“Xtract” or the “Company”) is pleased to provide an update on completion of the fifth hole of 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.

Colin Bird, Executive Chairman said: “We are pleased to report that Hole BRDD-21-005 has, as anticipated, encountered visually similar mineralisation to that seen in hole BRDD-21-003.

We are now re-directing the rig to drill the sixth hole of the programme in order to provide an intersection across the down-plunge extension of the deposit at depth. We continue to refine our model as we better understand the orientation and attitude of the porphyry system, and this will be further aided as we begin to receive split core assays, with the first batch expected shortly.”

https://www.share-talk.com/colin-bird-executive-chairman-xtract-resources-plc-xtr-l-interview-11/