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Xanadu Mines Ltd.
Summary
| Project: | Kharmagtai | |
|---|---|---|
| Deposit: | Altan Tolgoi | |
| Location: | Mongolia | |
| Commodities: | Copper-Gold | |
| Date: | 3/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-3-2017: Xanadu Mines Ltd. announces an Exploration/Drilling Update report for its Altan Tolgoi deposit at the Kharmagtai project. Drilling results incl. 646m @ 0.51% Cu, 0.87g/t Au from 16m. Xanadu Mines Ltd (ASX: XAM – “Xanadu” or “Company”) is please | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Stewart (Internal) | |
| ABSTRACT: | Xanadu Mines Ltd (ASX: XAM – “Xanadu” or “Company”) is pleased to provide an update on the ongoing exploration activities at its flagship Kharmagtai project (Figure 1), where drilling is targeting the discovery of additional near-surface porphyry copper-gold deposits undercover and testing the continuity of mineralisation below the current resources within this largely under-explored porphyry copper-gold district. Xanadu’s Managing Director and Chief Executive Officer, Dr Andrew Stewart, said “The intersection of highgrade breccia mineralisation at depth demonstrates the potential size and scale of the Kharmagtai mineralised system. We are yet to define the extents of the Altan Tolgoi porphyry system, and further drilling is planned below the zone of breccia hosted chalcopyrite-gold mineralisation to test whether a higher-grade bornite core is in the root zones of this large breccia system. High-grade mineralisation may be manifested as bornite-goldcemented breccia or as bornite-gold stockwork mineralisation in the causative intrusive complex at Kharmagtai.” | |
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