Xanadu Mines has had further success with its accelerated exploration programs at the Kharmagtai Copper-Gold Project in Mongolia. The latest drilling results have shown high-grade extensions below the Copper Hill deposit.
Drilling is targeting near-surface porphyry copper-gold deposits and the continuity of mineralisation below the current resources within this largely under-explored porphyry copper-gold district.
Extension drilling at the Copper Hill deposit has returned broad zones of high-grade mineralisation at shallow depths. Latest results from one hole include 411.6 metres from surface @ 0.54% copper and 0.79 g/t gold, including 134 metres from 14 metres @ 1.01% copper and 1.84 g/t gold and 112 metres from 224 metres @ 0.49% copper and 0.48 g/t gold. The latter includes 38 metres from 292 metres @ 0.71% copper and 0.48 g/t gold.
High-grade extensions have been defined below 200 metres with ongoing diamond drilling targeting high-grade mineralisation down plunge.
Xanadu’s managing director and CEO Dr Andrew Stewart said, “We continue to be encouraged by the results of our ongoing extensional resource drilling around the established resources at Kharmagtai. Latest results successfully confirmed our interpretation of a shallow west-northwest plunge to a high-grade zone of copper and gold mineralisation at depth.
“We are excited that our systematic drilling program has again confirmed that there is real potential for significant extensions to the resources. Detailed paragenetic and structural work has defined the critical controlling structures and drilling continues to target additional high-grade off-sets with further results from Copper Hill expected in November.”
Copper Hill is a tightly focused elongate zone of very high-grade, high-density stock work-veining. Copper and gold grades within the main body of mineralisation range up to 5% copper and 8 g/t gold. Mineralisation is hosted by very high-density quartz veining where copper and gold are dominantly found within chalcopyrite.