www.unuudur.com » Xanadu Mines forms joint venture company for copper exploration in Mongolia

Xanadu Mines forms joint venture company for copper exploration in Mongolia

[Нийтэлсэн: 13:12 15.12.2013 ]


Xanadu Mines (ASX: XAM) has established a joint venture company, Mongol Metals to execute Xanadu’s business and copper exploration strategies, and recognise the importance of Mongolian partners with aligned interests.

The joint venture partner is Ganbayar Lkhagvasuren, director and substantial shareholder of Xanadu.

Ratification concerning the joint venture to satisfy related party provisions will be sought from shareholders in due course

Xanadu recently returned broad copper and gold values from a 780 metre trenching program to test coincident geophysical and geochemical anomalies at its Oyut Ulaan copper-gold porphyry project in Mongolia.

The program has defined three near-surface mineralised porphyry centres with results up to 85 metres at 0.75% copper with 0.54 grams per tonne gold, including 36 metres at 1.49% copper and 1.02 grams per tonne gold.

The trenching was performed concurrently with the recent drilling at the Diorite Hill prospect, and drill testing of the new targets is scheduled within the next phase of drilling.




Metallurgical coal prices starting to slip: Fitch
[Нийтэлсэн: 02.10.2018 ]
[Эх сурвалж: ]
Copper price plunges to 1-year low
[Нийтэлсэн: 14.07.2018 ]
[Эх сурвалж: ]
Global Religion and the United Front: The Case of Mongolia
[Нийтэлсэн: 11.07.2018 ]
[Эх сурвалж: ]
Thermal coal prices hit 6-year high
[Нийтэлсэн: 09.07.2018 ]
[Эх сурвалж: ]
Former Rio Tinto exec jailed for corruption in China let free
[Нийтэлсэн: 09.07.2018 ]
[Эх сурвалж: ]
Copper price rallies to highest since January 2014
[Нийтэлсэн: 08.06.2018 ]
[Эх сурвалж: ]

Get Flash to see this player.