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Xtract Resources Plc
Summary
| Project: | Eureka | |
|---|---|---|
| Deposit: | Eureka | |
| Location: | Zambia | |
| Commodities: | Copper-Gold | |
| Date: | 3/31/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-3-2020: Xtract Resources Plc announces an Exploration/Drilling Update report for its Eureka deposit at the Eureka project. Drilling results incl. 14.0m @ 0.81% Cu, 0.2g/t Au from 106m. The Board of Xtract Resources Plc ("Xtract" or the "Company") is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Edward Slowey (Not stated) | |
| ABSTRACT: | The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to provide a further update on results of its preliminary drilling programme at the Eureka project on the copper-gold small scale mining licence number 22134-HQ-SML (" Eureka Licence") located in the Central part of The Republic of Zambia ("Eureka Project") and copper-gold small scale mining licence number 8370-HQ-SML located at Kajevu, Kasempa, North Western Province in the Republic of Zambia ("Kajevu" or the "Matrix Project"). Colin Bird, Executive Chairman said: "These significant intercepts from the Eureka drilling program are very encouraging and represent some of the better drilling results emerging from new Zambian exploration activities. The presence of gold puts some doubt on the occurrences being traditional copper belt mineralisation with more similarity to the upper Katanga series which is found in Zambia but more common in the DRC. The immediate plan is to identify an oxide resource for short term oxide production, whilst embarking on an exploration programme for a greater target. | |
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