1 34.8 MILLION TONS OF COAL EXPORTED WWW.MONTSAME.MN PUBLISHED:2019/12/11      2 NATIONWIDE LIVESTOCK CENSUS STARTS IN MONGOLIA WWW.NEWS.MN PUBLISHED:2019/12/11      3 PRESIDENT’S BAN ON SOCIAL INSURANCE FUND PASSES MPP CAUSUS WWW.ZGM.MN PUBLISHED:2019/12/10      4 ASPIRE MINING SIGNS NON-BINDING MOU WITH SINOSTEEL MEC WWW.ZGM.MN PUBLISHED:2019/12/10      5 MONGOLIA SIGNS MOU FOR THE APPLICATION OF CUBAN PRODUCT BIORAT WWW.CUBANEWS.ACN.CU PUBLISHED:2019/12/10      6 EMERGENCY MANAGEMENT AGENCY WORKING TO OPEN ASGAT SILVER DEPOSIT WWW.MONTSAME.MN PUBLISHED:2019/12/10      7 MEMORANDUM SIGNED FOR JOINT ESTABLISHMENT OF SOLAR POWER STATION WITH ROK WWW.MONTSAME.MN PUBLISHED:2019/12/10      8 COPPER PRICE RALLY BUILDS ON ALL-TIME HIGH CHINA IMPORTS WWW.MINING.COM PUBLISHED:2019/12/10      9 CHINA LAUNCHES MULTI-BILLION-DOLLAR OIL & GAS PIPELINE COMPANY WWW.RT.COM PUBLISHED:2019/12/10      10 MONGOLIA EXPORTS 40 THOUSAND TONS OF MEAT WWW.NEWS.MN PUBLISHED:2019/12/10      БАРИЛГА.МН: ШИНЭ ОРОН СУУЦНЫ ҮНЭ 1 М² НЬ 1-4.5 САЯ ТӨГРӨГ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/12/11     ТҮРЭЭСИЙН ОРОН СУУЦ ХАМГИЙН ИХ ЭРЭЛТТЭЙ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/12/11     ЦАГААН БУДАА, ЭЛСЭН ЧИХРИЙН ИМПОРТ БУУРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/12/11     МОНГОЛ, ВЬЕТНАМЫН ХУДАЛДААНЫ ЭРГЭЛТИЙГ 100 САЯ АМ.ДОЛЛАРТ ХҮРГЭНЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/12/11     12 САЯ АМ.ДОЛЛАРЫН ЗЭЭЛЭЭР 5000 АЙЛЫН ЯНДАНГ БУУЛГАНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/12/11     ХАРМАГТАЙН ОРДЫН ЗЭСИЙН ИЛЭРЦ 4,5 ХУВИАР НЭМЭГДЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/12/11     ОВООТ ОРДООС ЖИЛД ДУНДЖААР ДӨРВӨН САЯ ТОНН НҮҮРС ОЛБОРЛОН, БАЯЖУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2019/12/11     76.6 ТЭРБУМ ТӨГРӨГИЙН БОЛОВСРОЛЫН ЗЭЭЛ ОЛГОНО WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/12/11     ТЕЛЕВИЗ ҮЗЭГЧДИЙН ТОО ЦӨӨРСӨН НЬ ЗАР СУРТАЛЧИЛГААНААС ОЛОХ ОРЛОГО БУУРАХАД НӨЛӨӨЛЖ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/12/10     “ЭРҮҮЛ ШҮД-ЭРҮҮЛ ХҮҮХЭД ХӨТӨЛБӨР”-ИЙН САНХҮҮЖИЛТИЙГ ХОЁР ДАХИН НЭМЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/12/10    

Xanadu Mines hits 40 metres at 2.3 g/t gold in first assay batch www.proactiveinvestors.com.au

The positive results demonstrate good potential for a shallow oxide gold resource that could act as a potential starter operation for the deeper porphyry deposit.

Xanadu Mines Ltd - Xanadu Mines hits 40 metres at 2.3 g/t gold in first assay batch 
Additional assays remains pending and follow-up drilling is underway
Xanadu Mines Ltd (ASX:XAM) has received the first batch of assays from drilling targeting shallow oxide gold at the Stockwork Hill prospect within its Kharmagtai copper-gold project in Mongolia.

Highlights from the first two holes include 40 metres at 2.3 g/t gold from surface and 40 metres at 0.81 g/t gold from surface.

The results have increased the company’s confidence in the oxide gold opportunity at Stockwork Hill, which is the first prospect to be drilled outside and above the Kharmagtai copper-gold deposit.

Assays remain pending for a further six holes in the eight-hole program

Gold content underestimated
Xanadu’s CEO Dr Andrew Stewart said: “We are very pleased by these initial drill results from the mineralised oxide zone above the Stockwork Hill deposit.

“Assays from the first two drill holes in the eight-hole program confirm our belief that previous drilling within the oxide zone above the sulphide deposits has underestimated the gold contained.

“These outstanding gold intercepts generated at Stockwork Hill show just how underexplored the broader Kharmagtai Project is for oxide gold mineralisation and validates the current plan of developing a low-cost, high-value gold starter project at Kharmagtai.”

Objective remains developing Mongolia’s next large-scale deposit
Stewart added: “Our long-running objective is to develop Mongolia’s next large-scale open pit copper and gold deposit.

“However, given Kharmagtai sits on a granted mining lease with a registered water resource and an established power supply nearby, we have the ability to move quickly on an oxide gold project and our current strategy of seeking high-return options via an oxide gold project is focused on providing the capital needed to advance that larger-scale copper and gold project.”



Published Date:2019-08-14