Business
Bushranger Project Drilling Update
Bushranger Project Drilling Update.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3989H\n Xtract Resources plc\n 06 April 2022\n \n \n \n \n \n \n \n For immediate release\n \n \n 6 April 2022\n \n \n \n \n \n Xtract Resources Plc\n \n \n (\"Xtract\" or the \"Company\")\n \n \n Bushranger Project Drilling Update\n \n \n \n \n \n The Board of Xtract Resources Plc (\"Xtract\" or the \"Company\") is pleased to report on three further drill holes completed in the area between Racecourse and Ascot on the Bushranger copper-gold porphyry exploration project.\n \n \n \n \n \n Highlights \n \n \n \n \n \n · \n Three further drill holes have been completed on the project which offer the potential to extend the Ascot mineralised zone 250m along-strike to the north \n \n \n · \n Drill hole BRDD-22-044 was the most southerly of the three, drilled directly east and intersected a wide zone of variable strength visible chalcopyrite mineralisation that shows similar characteristics to drill hole BRDD-21-035 drilled at Ascot \n \n \n · \n Drill holes BRDD-22-045 and BRDD-22-046 were drilled from the same location towards the northeast, and both holes intersected strongly altered volcanics with inclusions of variable strength visible chalcopyrite mineralisation, giving the opportunity to extend the mineralisation further north again\n \n \n \n \n \n \n Coli\n \n \n n Bird, Executive Chairman said:\n \n \"These holes were drilled with a view to understand the characteristics of the Ascot mineralised zone. I am pleased to report that all intersected visible mineralisation and look forward to assays being returned. The objective is to add strike to the Ascot mineralised zone and move towards an inferred mineral resource, while drilling to extend further south.\" \n \n \n \n \n \n Bushranger Drilling Update \n \n \n \n \n \n Three further drill holes have been completed on the Bushranger copper-gold exploration project. All three drillholes, BRDD-22-044, BRDD-22-045, and BRD-22-046 were completed from the same drill site and fanned out towards the east. These holes were targeted to test for extensions of mineralisation 250m along-strike to the north of Ascot. \n \n \n \n \n \n All holes intersected porphyritic intrusive volcanics, moderately to strongly altered volcanics, and wide zones of visible weak to locally moderate chalcopyrite mineralisatio...