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Xtract’s Nelson says more gold systems at Chepica a strong possibility

The chief executive of Xtract Resources (LON:XTR), Jan Nelson, says the company could easily discover more gold systems at its Chepica mine in Chile after it confirming the find of a new reef system this week.

The latest find, Reef System B, follows the earlier discovery of a system that graded at 4.2 grams per tonne (g/t) over a 3.5 metre (m) width and may significantly extend the area’s mine life.

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Price: 1.12 GBX

LSE:XTR
Market: LSE
Market Cap: £6.95 m
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Xtract Resources to become mid-tier gold producer by end 2017 – CEO

Jan Nelson, chief executive of Xtract Resources PLC (LON:XTR), says the restructuring of the Chepica mine in the last quarter of last year is paying off. “I know it was very difficult and hard for investors at the time, but I think you can see that the plan in terms of stopping and...

on 05/05/2016

2 min read