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Bushranger assay results and drilling update
Bushranger assay results and drilling update.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n For immediate release\n \n \n \n \n 27 July 2022\n \n \n \n \n \n \n \n \n \n Xtract Resources Plc\n \n \n \n (\"Xtract\" or the \"Company\")\n \n \n \n Bushranger Project Assay Results and Drilling Update\n \n \n \n \n \n \n \n \n The Board of Xtract Resources Plc (\"Xtract\" or the \"Company\") is pleased to advise that independent laboratory assays have been received for drill holes BRDD-22-045, BRDD-22-046, BRDD-22-053 & BRDD-22-054 from the Phase 2 diamond drilling programme at the Bushranger copper-gold exploration project.\n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n ·\n Significant intervals of gold mineralisation have been intersected on the western side of the Racecourse Inferred Mineral Resource in an area with no previous historical drilling, which will be incorporated into an updated Racecourse resource model\n \n \n ·\n The best intercept is from drill hole BRDD-22-054;\n \n \n ·\n 26m at 1.64g/t Au (1.24% CuEq) from a downhole depth of 338m\n \n \n §\n Including: 18m at 2.28g/t Au from a downhole depth of 346m\n \n \n ·\n A wide copper interval was intersected in drill hole BRDD-22-053 which is beyond the western limit of the current Racecourse Inferred Mineral Resource with a return of 320m at 0.16% CuEq from a downhole depth of 161m\n \n \n ·\n At Ascot, a 60m interval returning 0.20% CuEq from a downhole depth of 321m was returned in drill hole BRDD-22-046, which has added further clarity to the northern extension of the Ascot mineralisation. While a gold horizon was intersected in drill hole BRDD-22-046, with a return of;\n \n \n ·\n 22m at 0.21g/t Au from a downhole depth of 263m, including\n \n \n §\n 6m at 0.57g/t Au from a depth of 265m\n \n \n ·\n All assays from the Phase Two Drilling at Racecourse have now been returned and the company intends to now finalise an updated resource model for the deposit\n \n \n ·\n Assays from the Phase Two Drilling at Ascot continue to be received\n \n \n \n \n \n \n \n \n \n Colin Bird, Executive Chairman said:\n \n \"The Phase Two drilling programme has been extremely successful in defining Racecourse and partially identifying Ascot, which remains open ended and relatively untested. All results have now been returned from Racecourse which will allow the team to commence the modelling of the R...