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Xtract Resources starts follow-up drilling at Eureka prospect in Zambia
StockMarketWire.com
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Mining group Xtract Resources said a second-phase drilling programme had commenced at the Eureka copper-gold deposit in central Zambia.
A follow-up drilling of around 1,600 metres would test the deposit strike extent and further define the internal grade and continuity of the mineralisation.
The aim was to define a copper resource sufficient to support an open pit mining operation for a minimum of three years.
Plans were being prepared to excavate a box-cut at the base of the current open pit to obtain a bulk sample and provide break points for benches.
A number of Zambia-based open-pit contractors had submitted tenders for the pit operation and a contract was expected to be awarded shortly.
At 9:20am: (LON:XTR) Xtract Resources Plc share price was 0p at 1.15p
Story provided by StockMarketWire.com
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