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New Porphyry Copper System at Bushranger Project
New Porphyry Copper System at Bushranger Project.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1744V\n Xtract Resources plc\n 09 December 2021\n \n \n \n \n \n \n \n For immediate release\n \n \n 09 December 2021\n \n \n \n \n \n Xtract Resources Plc\n \n \n (\"Xtract\" or the \"Company\")\n \n \n New Porphyry Copper System Discovered on the Bushranger Project\n \n \n \n \n \n The Board of Xtract Resources Plc (\"Xtract\" or the \"Company\") is very pleased to report the discovery of a new copper mineralised porphyry system on the Bushranger copper-gold exploration project. The discovery has been made by drilling an Induced Polarisation (\"IP\") geophysical anomaly undertaken as part of the ongoing Phase 2 diamond drilling programme.\n \n \n \n \n \n Highlights \n \n \n \n \n \n · \n Two drill holes have intersected a new copper mineralised porphyry system associated with an IP geophysical anomaly generated by the Company during the period between the Phase 1 and Phase 2 drilling programmes\n \n \n · \n The new discovery, located 1.5km to the south-east of the boundary of the Racecourse Inferred Mineral Resource, has been named the \"Ascot\" prospect, with follow-up drilling already under way\n \n \n · \n Based on preliminary logging, hole BRDD-21-033, which was angled to the east, intersected a long interval of alteration and sulphides. Traces of copper mineralisation extended from a down hole depth of 85m until the end of hole at 783.7m, a total interval of 698.7m. This included a zone of stronger visible chalcopyrite and pyrrhotite mineralisation over a 110m interval from 670m downhole depth. \n \n \n · \n Follow-up hole BRDD-21-035, drilled from the same pad towards the west, confirmed the new discovery. Preliminary logging recorded traces of copper mineralisation from 60m downhole to the end of hole at 740.3m, with two zones of stronger visible copper mineralisation over intervals of 113m from 179.4m depth and 128m from 554m depth\n \n \n · \n Laboratory assays will be required to determine the intervals of potentially economic grade for BRDD-21-033 and BRDD-21-035\n \n \n · \n The mineralisation intersected in these two holes explains the IP anomaly in the area of the Ascot discovery, and further drilling is planned to test the larger cluster of anomalous IP signatures in the south-eastern area of the Bushranger prospect (Refer RNS 13 October 21) \n ...