Xtract Resources Initiates Diamond Drilling Program at Silverking Project
Xtract Resources has begun a diamond drilling program at the Silverking project in Zambia, which aims to assess the copper deposit and potentially increase their interest in the project through a joint venture with Oval Mining Limited. Successful results may enhance Xtract’s standing in the copper mining industry.
Xtract Resources Plc has initiated a diamond drilling program at the Silverking project located in Zambia. The program is designed to enhance the project’s development by investigating the depth and mineralized width of the primary copper pipe and assessing additional geological structures. This effort is part of a joint venture with Oval Mining Limited, enabling Xtract to potentially acquire up to a 70% interest in the project.
In summary, Xtract Resources is actively pursuing an important drilling program at its Silverking project, which aims to further understand the copper deposit’s potential. This strategic initiative may position Xtract favorably within the copper mining sector, encouraging future development of a high-grade open pit operation.
Original Source: www.tipranks.com
