The Board of Xtract Resources Plc reported further assay results for the second batch of diamond drillholes completed on the Silverking Project located in the Mumbwa District of the Central Province of Zambia. Silverking is subject to an option and joint venture agreement ("Joint Venture") with Oval Mining Limited, enabling Xtract to earn-in up to a 70% interest in the Silverking copper mine and accompanying exploration licence located in the Mumbwa District of the Central Province of Zambia. Highlights: Continued high-grade copper and silver intercepts over significant mineralised widths.
Borehole SKIDD004: 1.50% Cu & 20.25g/t Ag over 40.2m from 71.80m. Borehole SKIDD005: 4.73% Cu & 55.08g/t Ag over 3.7m from 68.0m. Borehole SKIDD005: 0.58% Cu & 2.31g/t Ag over 27.0m from 107.0m.
Borehole SKIDD006: 0.56% Cu & 10.33g/t Ag over 3.3m from 69.0m. Strike length of the mineralised trend now extended to more than 160m in length. Metallurgical test work now extended to include upgrading and pre-concentration of lower grade footwall and hangingwall mineralisation using gravity processes (spirals and jigs) to generate a pre-concentrate for final processing at a centralised facility.
Amenability of lower grade mineralisation has the potential to materially increase production tonnage and copper output subject to successful test work.
