|Bid||0.1150 x 0|
|Ask||0.1200 x 0|
|Day's Range||0.1100 - 0.1200|
|52 Week Range||0.0900 - 0.2350|
|Beta (3Y Monthly)||3.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
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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.
When Xanadu Mines Limited (ASX:XAM) announced its most recent earnings (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industryRead More...