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Drilling Confirms Continuity of High-Grade Copper-Gold Mineralisation
Drilling Confirms Continuity of High-Grade Copper-Gold Mineralisation
Sydney, Sep 29, 2015 AEST (ABN Newswire) - Xanadu Mines Ltd (ASX:XAM) yesterday provided an update on recent exploration drilling completed at the Kharmagtai copper-gold project in southern Mongolia. Recent drilling has intersected the longest continuous zone of mineralisation to date, which adds mineralisation and gives further confidence to the geological model and mineralisation controls.

The diamond drilling continues to test a combination of targets which includes high level gold-rich porphyry mineralisation and deeper tourmaline breccia mineralisation within the highly prospective 25 km2 area of interest which has yielded outstanding results to date.

Xanadu's Chief Executive Officer, Dr Andrew Stewart, said: "The quality of this project continues to be demonstrated by these positive drill results; these new assay results... reaffirm our belief in the potential for this mineral system to host a large scale high-grade copper-gold deposit."

Highlights of the release include:

- New drilling results add further confidence to the geological model and extends the highgrade tourmaline breccia at depth and along strike;

- Diamond drill hole KHDDH379 intersects longest intersection within the tourmaline breccia mineralisation:
* 484m grading 0.57% Cu and 0.32g/t Au (0.78 CuEq) from 186m, including;
* 158.40 grading 0.80% Cu and 0.24g/t Au (1.25 CuEq) from 342m;

- Mineralisation continues for more than 50m below the current Resource;

- Broad step-out drilling (KHDDH378) 650m east of current resource around the middle of tourmaline breccia clips the edge of mineralisation;

- Drilling and detailed infill mapping demonstrates increased scale of mineralised breccia system with exceptional depth continuity to mineralisation.

To view the complete release, please visit:
http://media.abnnewswire.net/media/en/docs/81032-XAM-881420.pdf


About Xanadu Mines

Xanadu Mines Ltd is a Mongolian exploration company founded in 2005 and listed on the ASX on 21 December 2010 (ASX:XAM).

Xanadu maintains a dual exploration strategy for base metals (porphyry copper and gold) and coal (coking and thermal), given the unique opportunity presented by Mongolia's world class geological endowment. The country has a vast cache of walk-up drill targets many of which have never before been subjected to modern or advanced high technology exploration.

 




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