Xtract Resources Plc has begun a diamond drilling program at the Silverking project in Zambia to explore copper resources. This program, in partnership with Oval Mining Limited, aims to assess the depth of the main copper pipe and evaluate additional structures. Successful outcomes may bolster Xtract’s market position in the copper mining sector.
Xtract Resources Plc has officially commenced a diamond drilling program at the Silverking project located in Zambia. This initiative is designed to achieve multiple objectives, including assessing the depth and mineralized width of the principal copper pipe and investigating additional geological structures. Conducted in conjunction with Oval Mining Limited as a joint venture, Xtract intends to secure a potential 70% stake in the project. The forthcoming drilling efforts are anticipated to yield critical data that could lead to the establishment of a high-grade open pit operation, thereby enhancing Xtract’s stature in the copper mining sector.
Xtract Resources is a mining entity centered on the exploration and development of mineral resources, primarily targeting copper mining. The company focuses on several projects in Zambia, including the Silverking copper mine, contributing significantly to its operational portfolio. As a result, Xtract Resources plays a pivotal role in the dynamics of the copper mining industry within the region.
In summary, Xtract Resources Plc’s initiation of the diamond drilling program at the Silverking project is a significant step towards evaluating the potential of this copper mine. The project, executed in collaboration with Oval Mining Limited, aims to provide essential data that will support future mine development. This advancement may position Xtract more competitively within the copper mining industry, potentially culminating in a high-grade operation.
Original Source: www.tipranks.com
