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Xanadu Mines Ltd.
Summary
| Project: | Kharmagtai | |
|---|---|---|
| Deposit: | Stockwork Hill | |
| Location: | Mongolia | |
| Commodities: | Copper-Gold | |
| Date: | 2/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2018: Xanadu Mines Ltd. announces an Exploration/Drilling Update report for its Stockwork Hill deposit at the Kharmagtai project. Drilling results incl. 230m @ 0.5% Cu, 0.91g/t Au from 574m. Xanadu Mines Ltd (ASX: XAM – “Xanadu” or “Company”) is plea | |
| 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 exploration activities currently being undertaken at its flagship Kharmagtai copper and gold project located in the South Gobi region of Mongolia (Figures 1 and 2). The accelerated exploration programme continues to target extensions of high-grade copper and gold mineralisation along strike and below the current resources (Figure 3). Xanadu’s MD & CEO, Dr Andrew Stewart, said: “What really sets our geology team apart from other explorers is our porphyry copper expertise, which is demonstrated in this new round of results where extensional drilling has significantly increased the footprint of the Kharmagtai porphyry system and where we continue to add high grade tonnes to the existing resource. We are particularly excited in the latest scout drilling at Target 19 where we have intersected broad zones of new copper porphyry mineralisation 1.5 kilometres west of the large White Hill deposit. This could provide another shallow, low strip ratio discovery within the district. A fault offset extension to the Stockwork Hill deposit was recently discovered (see Xanadu’s ASX announcement - 18 September 2017). This high-grade zone of mineralisation has been faulted off the southern edge of the main Stockwork Hill deposit and downthrown by several hundred meters. Drilling continues to expand this new zone of high-grade mineralisation. | |
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