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Xanadu Mines Ltd.
Summary
| Project: | Kharmagtai | |
|---|---|---|
| Deposit: | Kharmagtai | |
| Location: | Mongolia | |
| Commodities: | Copper-Gold | |
| Date: | 11/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-11-2018: Xanadu Mines Ltd. announces a Resource Estimation report for its Kharmagtai deposit at the Kharmagtai project. Clarified resource estimation announcement. Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is issuing this press r | |
| Resources: | (Resource): 129.3Mt @ 0.36% Cu, 0.36g/t Au (Ind.), 468.9Mt @ 0.31% Cu, 0.19g/t Au (Inf.) | |
| CP/QP: | [Resources]: Dmitry Pertel (CSA Global Pty Ltd.) | |
| ABSTRACT: | Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is issuing this press release to clarify its disclosure on the Company’s interim upgrade to the Mineral Resource Estimate at its Kharmagtai Project in Mongolia’s South Gobi region. In the press release, the Company included in the highlights section that the interim upgrade increased to 598Mt containing 1.9Mt copper and 4.3Moz gold (2.6Mt copper equivalent metal). The Company wishes to clarify that the 598Mt containing 1.9Mt copper and 4.3Moz gold (2.6Mt copper equivalent) is broken down as to 129.3Mt indicated containing 0.5Mt copper and 1.5Moz gold and 468.9Mt inferred containing 1.5Mt copper and 2.8Moz gold as outlined in the table that was included in the 31 October 2018 and included below. | |
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