Colin Bird, Executive Chairman, Xtract Resources plc (XTR.L) Drilling Programme Update

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to provide a further update on the Phase One diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project located in the Lachlan Fold Belt ("LFB"), New South Wales, Australia.

Highlights

· Drilling of the first hole, BRDD-20-001, of the Phase One Drilling Programme at the Racecourse Mineral Resource on the Bushranger Project, has been completed down the plunge of the deposit at 1,147m depth.

· Well-developed copper mineralisation and potassic alteration was noted from 110m to beyond 1,050m depth, becoming weaker thereafter.

· Given the substantial down-plunge dimension of the deposit as shown by the first hole, at least a further four holes of about 700m length each are planned across the deposit to test the width and grade.

· The drill rig is now being moved to drill the first of these follow-up holes.

Colin Bird, Executive Chairman said: "We are very pleased with the outcome of the first down-plunge hole at Bushranger. We now intend to complete a 4 to 6-hole follow-up drill programme across the deposit to obtain width and grade information. This information will then be utilised to restate the size and grade of the resource."

https://www.share-talk.com/colin-bird-executive-chairman-xtract-resources-plc-xtr-l-drilling-programme-update/