Xanadu Mines confirms higher-grade mineralization across porphyry at Kharmagtai
Xanadu Mines confirms higher-grade mineralization across porphyry at Kharmagtai.
Xanadu Mines confirms higher-grade mineralization across porphyry at Kharmagtai. Xanadu Mines Company 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. 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 mineralization across the mineralized 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." Xanadu has been attracting broker attention recently. The company's shares last traded with Bell Potter seeing a strong upside after applying a Buy Recommendation.
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