Business
Drill programme planning Western Foreland Zambia
Drill programme planning Western Foreland Zambia.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n\n\n \n30 July 2024\nFor immediate release\nXtract Resources Plc\n(\"Xtract\" or the \"Company\")\nDrill Programme Planning in the Western Foreland, Zambia\n\nThe Board of Xtract Resources Plc (\"Xtract\" or the \"Company\") is pleased to provide an update on exploration taking place on Licences 29123-HQ-LEL, 30458-HQ-LEL, 30459-HQ-LEL, 21850-HQ-LEL and 21851-HQ-LEL located in NW Zambia within both the Western Foreland and Fold & Thrust Belt domains. \n \nHighlights\n \nThe following work has been completed to date:\n \n· Detailed mapping and ground truthing undertaken in prospective terrain within the Western Foreland domain where lithological units are most likely to foster redox fronts and therefore potential for Kamoa-Kakula style mineralisation.\n \n· Follow up investigations and reconnaissance carried out within the Fold & Thrust Belt (\"FTB\") domain identifying the origins of surface artisanal mining activity and other copper showings and targeting mineralised rafts typical in the FTB.\n \n· Selecting and prioritising drill collar positions for follow up drilling on all Xtract's NW Zambian licences.\n \n· Compilation of all permits and approvals and the updating of local chiefdoms, facilitated by Cooperlemon Consultancy, Xtract's partner in the Licences.\n \nColin Bird, Executive Chairman said: \"Our work on the NW Zambia exploration licences has been very progressive to the point that we have identified initial drill targets which we expect to commence drilling before the end of the third quarter this year.\nThe licences are centrally positioned relative to the Western Foreland geological architecture. Field work greatly added to our previous information base, and we are optimistic about our targets and the general licence area.\nThe Zambian Western Foreland continues to be a strong focus for the international mining industry, and we are pleased to have gained such a highly prospective position in the belt. We will keep investors appraised of the results of our field work as it progresses.\"\n \nFurther information\n \nFurther information is available from the Company's website which details the Company's project portfolio as well as a copy of this announcement: www.xtra...