www.unuudur.com » Xanadu Mines confirms higher-grade mineralisation across porphyry at Kharmagtai

Xanadu Mines confirms higher-grade mineralisation across porphyry at Kharmagtai

[Нийтэлсэн: 09:21 12.09.2017 ]

www.proactiveinvestors.com.au

Xanadu Mines Ltd (ASX:XAM) continues to make high-grade copper-gold intercepts from diamond drilling at the Stockwork Hill deposit, located within the company’s Kharmagtai project in Mongolia.

The latest highlight delivered: 264 metres at 0.56% copper and 1.46g/t gold for a 1.49% copper equivalent from surface, including 148 metres at 0.81% copper and 2.41g/t gold for a 2.41% copper equivalent.

Dr Andrew Stewart, managing director, commented:

“We continue to be encouraged by the results of our ongoing extensional drilling program around the current resources at Kharmagtai.

“Hole KHDDH415 successfully confirmed our interpretation of consistent higher-grade mineralisation across the mineralised width of the porphyry and increasing gold to copper ratios associated with north-northeast controlling structures.

“These high-grade extensions we have identified now offer us the opportunity to assess Stockwork Hill as a potential large-scale resource which we will be assessing during the remainder of 2017.”

Analysis

Xanadu has been attracting broker attention recently.

The company’s shares last traded at $0.22, with Bell Potter seeing a strong upside after applying a Buy Recommendation and a $0.52 valuation.

Argonaut recently made a site visit in Mongolia and rates the stock a Speculative Buy.



Шинээр

Mongolia’s Oyu Tolgoi declares force majeure after border protests
[Нийтэлсэн: 19.01.2018 ]
[Эх сурвалж: ]
Copper falls most in six weeks as metals rally starts to give
[Нийтэлсэн: 17.01.2018 ]
[Эх сурвалж: ]
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
[Нийтэлсэн: 17.01.2018 ]
[Эх сурвалж: ]
A Rutgers professor won one of Mongolia’s highest awards
[Нийтэлсэн: 05.01.2018 ]
[Эх сурвалж: ]
Mongolia delays launch of $500-million airport until 2019
[Нийтэлсэн: 05.01.2018 ]
[Эх сурвалж: ]
Copper rallies to three-year high as China plant halts output
[Нийтэлсэн: 02.01.2018 ]
[Эх сурвалж: ]
Copper price powers on
[Нийтэлсэн: 25.12.2017 ]
[Эх сурвалж: ]
Massive Oyu Tolgoi mine to more than double gold production in 2018
[Нийтэлсэн: 12.12.2017 ]
[Эх сурвалж: ]

Get Flash to see this player.