Xtract Resources Plc has started a diamond drilling program at the Silverking project in Zambia, focusing on assessing the depth and mineralized width of the main copper pipe and other structures. This initiative, in collaboration with Oval Mining Limited, may allow Xtract to obtain a 70% interest in the project, potentially enhancing its standing in copper mining.
Xtract Resources Plc has officially commenced a diamond drilling program at its Silverking project located in Zambia. This ambitious initiative aims to enhance the project’s development by exploring various objectives, including the assessment of the depth and mineralized width of the principal copper pipe, along with evaluating surrounding structures. This venture is part of a collaboration with Oval Mining Limited, which enables Xtract to potentially secure a 70% interest in the project.
The initiation of drilling at the Silverking project represents a significant advancement for Xtract Resources, promising valuable insights that could lead to the establishment of a high-grade open pit operation. This development underscores Xtract’s strategic focus on copper mining in Zambia, positioning the company for continued growth in the sector.
Original Source: www.tipranks.com
