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Reconnaissance Drilling Results Kalengwa
Reconnaissance Drilling Results Kalengwa.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7879T\n Xtract Resources plc\n 29 March 2021\n \n \n \n \n For immediate release\n \n \n 29 March 2021\n \n \n \n \n \n Xtract Resources Plc\n \n \n (\"Xtract\" or the \"Company\")\n \n \n Reconnaissance Drilling Results on Kalengwa Near-Mine Target\n \n \n \n \n \n \n \n \n Xtract (AIM: XTR), the copper-gold exploration and development company, is pleased to provide information on results of reconnaissance diamond drilling adjacent to the historic Kalengwa high-grade copper-silver open pit (\"Kalengwa Project\") located in the North-Western Province of The Republic of Zambia.\n \n \n \n \n \n Highlights \n \n \n \n \n \n · \n Compilation of historic mine drilling data identified a shallow zone of semi-consolidated copper oxide mineralisation located just south of the old open pit.\n \n \n · \n A reconnaissance diamond drilling programme of six short vertical holes was completed by Xtract. \n \n \n · \n Based on preliminary testing by hand-held XRF, the most interesting hole, KXD-006, was initially selected for laboratory assay, returning results as follows: \n \n \n 69.0m @ 0.88% Cu, 2.59g/t Ag from 9.0m depth, including sub-intervals of 12m @ 1.01% Cu and 17m @ 1.07% Cu.\n \n \n · \n KXD-006 is located about 100m from the open pit and the intersection is approximately twice the thickness reported in historic holes. \n \n \n · \n Core from the remaining holes is still being processed. The Company\n \n will review results from KXD-006, along with information from the remaining holes, to plan for further delineation of the mineralised zone. \n \n \n \n \n \n \n Colin Bird, Executive Chairman said:\n \n \n \"Our JV agreement for the Kalengwa pit area allows us to mine and process material 500m either side of the old open pit. The results from the hole completed and analysed\n \n are very encouraging - the material encountered may be free-digging, without the need to blast, thereby reducing extraction costs. Once fully processed, the results will be assessed with a view to establishing the extent of the mineralised zone and follow-up required to more fully delineate it.\n \n \"\n \n \n \n \n \n \n \n \n Summary of Kalengwa Target and Reconnaissance Drilling \n \n \n The Company compiled historic exploration information for the Kalengwa ...