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Eureka shines beyond Mr.Colin Birds expectations ... :-)

lse:xtr

#1

Fantastic news regarding the Eureka project Xtract Resources copper-gold small scale mining licence number 22134-HQ-SML , located in the Central part of The Republic of Zambia . Mr.Colin Bird commented , " the results are intriguing on the basis that the occurrence is characteristic of typical copper belt mineralisation whilst the deposit is some considerable distance from the copper belt " .

Highlights of today’s RNS reiterate Mr.Birds thoughts

· First three holes at Eureka Project cut shallow copper-bearing intervals over downhole widths ranging from 52m to 77m with the fourth hole in mineralisation

· Handheld XRF spectrometer indicated potential elevated copper and cobalt values

· Historic and current drilling confirm mineral zone over 240m of strike and to 95m depth, open in several directions and appears to widen at depth

· Initial core logging suggests possible Copperbelt-style deposit setting

· Drilling continuing at Eureka- holes being logged and sampled in preparation for external assay .

Not forgetting also included in today’s RNS was the Matrix Project update which indicated a 7m mineralised interval in hole MX-05A
https://www.ii.co.uk/news/drilling-update-on-eureka-kajevu-zambia-rnsLSE20200123110006_14395644

Whilst near term Q4 2019 alluvial results from sub contractor Sino 2 are due ( probably on 3rd February ) along with updates on the Manica CIL plant being constructed by our fair brides area partner MMP . It’s reassuring to know Xtract Resources , Zambia venture is progressing on a much grander scale than first imagined .


#2

Podcast with Mr.Colin Bird talking regards Zambia copper / cobalt projects .
https://www.share-talk.com/colin-bird-executive-chairman-of-xtract-resources-plc-lonxtr-update/

Mr.Colin Bird certainly has turned Xtract Resources around since Mr.Jan Nelson day’s from a debt ridden lose making company that directors didn’t invest in to a debt free heavily invested company by Chairman Mr.Colin Bird especially when it mattered . His hands on approach has led to a company not dependent upon risk but sub contractors and partners getting it right . From the Manica alluvials processed by Sino 2 , to construction of a CIL plant for hard rock processing by our partner MMP . at the fair brides area of Manica . All progressing as previously announced too .

Now Xtract Resources has this other prospect " Eureka " of what initially appears to be of huge significance . It makes me wonder if hole results from holes 4 and 5 come back similar to the first 3 then a partner may be sought similar to the fair brides open pit gold mine with it’s DFS at Manica . Creating another revenue stream with little to no risk involved .

Mr.Colin Bird has progressed the company in the complete opposite direction to Mr.Colin Bird . Taking little risk by utilising sub contractors , partners whereas Mr.Jan Nelson bought drills , ball mills , processing plants , etc. . to work an underground gold mine that was in an area subject to earth quakes . I’d say we’re now in a very safe pair of hands . Worth listening to the Podcast to get a better picture of the size of the Eureka prospect .