Share Talk interviews Colin Bird, Executive Chairman, Xtract Resources plc (XTR.L)
September 8, 2020
The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to provide information on the outcome of a pitting programme designed to track extensions to the Eureka copper-gold deposit on small scale mining licence number 22134-HQ-SML (" Eureka Licence") located in the Central part of The Republic of Zambia ("Eureka Project").
Colin Bird, Executive Chairman said: "This exploration pitting programme has produced a pleasing result, with high grade sample results in Pits EX-P1 to EX-P4 to the northwest of the historic open pit confirming historic copper soil anomalies on the axis of the previously established mineralisation. The programme certainly gives us confidence regarding our immediate goal of a small-scale copper producing operation. The system is open ended, and there is potential to identify a larger discovery.
Our intention is now to prepare for a drill programme to identify a mineral deposit of sufficient capacity to support a 7-year open pit mine life, whilst drilling outlying holes to test for more significant extensions. "