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Xanadu Mines Ord Shs T.XAM

Alternate Symbol(s):  XANAF

Xanadu Mines Limited is an exploration company. The Company is engaged in the exploration and development of its various mineral exploration projects in Mongolia. The Company focuses on the exploration for copper and gold. The Company operates through the Mongolian exploration projects segment. The Company's projects include Kharmagtai Copper-gold Project, Oyut Ulaan Project and Sharchuluut Project. The Kharmagtai project is located within the Omnogovi Province, approximately 420 kilometers southeast of Ulaanbaatar and approximately 120 kilometers north of the Oyu Tolgoi deposit. The Oyut Ulaan copper-gold project is located in the Dornogovi Province of southern Mongolia, approximately 70 kilometers west of the industrial center of Sainshand. The Sharchuluut project is an early-stage project focused on an advanced argillic (high-sulfidation lithocap) alteration above a deeper porphyry center.


TSX:XAM - Post by User

Post by Georgesimmonson Mar 24, 2021 8:00am
109 Views
Post# 32864744

Big gold news:92m of 3.23g/t AU

Big gold news:92m of 3.23g/t AUJust released. NEW EXTENSION TO GOLD-RICH HIGH-GRADE COPPER ZONE AT KHARMAGTAI Xanadu Mines Ltd. has released results of diamond drill hole KHDDH563, located at the Stockwork Hill deposit on the company's Kharmagtai porphyry copper and gold project in the South Gobi region of Mongolia. Highlights Drill hole KHDDH563 intersects a broad zone of high-grade gold-rich chalcopyrite and bornite mineralisation south of the Stockwork Hill resource, expanding the high grade bornite zone beyond the defined resources KHDDH563 intersects 181.4m @ 0.68% Cu and 1.78g/t Au (1.59% eCu) from 648.6m Including 92m @ 1.06% Cu and 3.23g/t Au (2.71% eCu) from 686m KHDDH563 expands high-grade mineralisation 70m south and up-dip of previously reported intercept in KHDDH559B KHDDH564 identifies new target to the south with similar structural characteristics to the high grade zones at Stockwork Hill Deeper step back hole KHDDH564, still in progress, intercepting visual chalcopyrite mineralisation in target zone 400m along down-dip and along strike from KHDDH563
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