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Xanadu Mines Ltd.
Summary
| Project: | Kharmagtai | |
|---|---|---|
| Deposit: | Zaara | |
| Location: | Mongolia | |
| Commodities: | Copper-Gold | |
| Date: | 5/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2018: Xanadu Mines Ltd. announces an Exploration/Drilling Update report for its Zaara deposit at the Kharmagtai project. Drilling results incl. 928.4m @ 0.25g/t Au, 0.30% Cu from 458m. Xanadu Mines Ltd (ASX: XAM – “Xanadu” or “Company”) is pleased to | |
| 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 final assay results from the new Zaraa porphyry discovery at its flagship Kharmagtai copper and gold project located in the South Gobi region of Mongolia (Figures 1 and 2). Xanadu’s Managing Director & Chief Executive Officer, Dr Andrew Stewart, said “KHDDH462 is a pivotal drill hole for Xanadu Mines. KHDDH462 represents the largest intercept of continuous mineralisation drilled at Kharmagtai and the best intercept drilled outside the existing resources to date. This demonstrates Kharmagtai’s potential for very large mineral systems. With both active drill holes currently in mineralisation the, next month will be an exciting time for Xanadu and Kharmagtai. “Our strategy is clear: to add tonnes and grade to the existing resources by discovering additional high-grade deposits within the Kharmagtai Cu-Au project. With our aggressive and systematic drill program we are delivering on this strategy. The discovery of Zaraa reinforces the exploration potential of the fast-growing Kharmagtai porphyry district. | |
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