|Bid||0.1150 x 0|
|Ask||0.1250 x 0|
|Day's Range||0.1150 - 0.1150|
|52 Week Range||0.0950 - 0.1700|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
HIGHLIGHTS Scoping Study completed for Xanadu’s Kharmagtai Open Pit Copper and Gold Project, confirms the Company’s strategy to explore for high-value large copper porphyry.
TORONTO, March 26, 2019 -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) today announces changes to its Board to reflect a renewed focus on the Australian retail.
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to report that preliminary testwork on diamond core from shallow oxide gold mineralisation at the Kharmagtai copper-gold project in Mongolia has returned excellent results (Figure 1). Gold mineralisation at Golden Eagle is hosted in the oxide cap above a deeper and significantly larger copper-gold porphyry (Xanadu’s ASX announcement – 16 January 2017). A new Exploration Target and metallurgical tests confirm the presence of significant, leachable oxide gold at Golden Eagle, one of eight zones known to contain significant shallow oxide gold mineralisation.
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to report partial assay results for diamond drill hole KHDDH488 which has returned a thick intercept of high-grade copper and gold mineralisation. The latest drilling results have confirmed a transition to higher temperature sulphide mineral assemblages such as bornite in the intrusive root to the deposit, with a significant increase in the gold-to-copper ratio associated with increasing bornite. The high-grade bornite occurs within a highly mineralised quartz monzodiorite intrusion that appears to be one of the primary sources of mineralisation for the entire Kharmagtai deposit, which is located in the south Gobi region of Mongolia (Figures 1 and 2). The current drilling is targeting high-grade mineralisation associated with the causative copper and gold porphyry at depth.
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to report that diamond drill hole KHDDH488, which is currently being drilled at the Company’s Kharmagtai porphyry copper and gold deposit in the south Gobi region of Mongolia (Figures 1 and 2) has intersected a significant zone of visible bornite-chalcopyrite copper mineralisation. The current drilling is targeting high-grade mineralisation associated with a causative copper and gold porphyry at depth, which is yet to be drilled. Within this larger interval is a 100m-wide zone of visible bornite-rich mineralisation occurring from a depth of 580m.
TORONTO, Dec. 17, 2018 -- Xanadu Mines Ltd (ASX: XAM( (Xanadu or the Company) advises that it has today signed new Executive Contracts with the Managing Director and Chief.
In the press release, the Company included in the highlights section that the interim upgrade increased to 598Mt containing 1.9Mt copper and 4.3Moz gold (2.6Mt copper equivalent metal). The Company wishes to clarify that the 598Mt containing 1.9Mt copper and 4.3Moz gold (2.6Mt copper equivalent) is broken down as to 129.3Mt indicated containing 0.5Mt copper and 1.5Moz gold and 468.9Mt inferred containing 1.5Mt copper and 2.8Moz gold as outlined in the table that was included in the 31 October 2018 and included below.
Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (“Xanadu” or “the Company”) is pleased to announce that an interim upgrade to the Mineral Resource Estimate at its Kharmagtai Project in Mongolia’s South Gobi region has resulted in a 400% increase in contained copper and a 249% increase in gold (Figure 1 and Table 1) compared with the resource update announced on 19 March 2015 at the same 0.3% Cu cut-off grade. A global Resource update incorporating results from Xanadu’s fourth porphyry discovery at Kharmagtai, Zaraa, and other successful drilling will be incorporated as drilling progresses.