October 30, 2017 / JMN Wire / Xanadu Mines Ltd (ASX: XAM – “Xanadu” or “Company”) is pleased to provide complete assay results for diamond drill holes KHDDH418 and KHDDH419 from the Stockwork Hill deposit at Kharmagtai, where drilling has successfully identified extensions of high-grade mineralisation along strike and below the current resource.
Highlights
- Extensional drilling returns broad zones of high-grade mineralisation at Stockwork Hill
- KHDDH419 discovers a significant new zone of high-grade mineralisation outside the current resource returning:
- 294m @ 0.47% Cu & 0.85g/t Au (1.01% eCu) from 466m,
- including 86m @ 0.78% Cu and 1.91g/t Au (2.0% eCu) from 558m
- 294m @ 0.47% Cu & 0.85g/t Au (1.01% eCu) from 466m,
- KHDDH418 extends known mineralisation in the central portion of the Stockwork Hill Deposit approximately 200m to the north
- Drilling continues to target extensions of high-grade copper and gold mineralisation.
Xanadu’s MD & CEO, Dr Andrew Stewart, said “We are excited that hole KHDDH419 successfully demonstrated a clear extension of high-grade mineralisation along strike and at depth outside the current resource model. We are particularly excited with the new results from this hole which has discovered a new zone of gold-rich copper porphyry mineralisation, representing the downthrown block of the main Stockwork Hill deposit. Based upon detailed modelling, this new zone of mineralisation remains open in all directions. We have not yet found the limits of mineralisation and we believe that our growing understanding of the system will lead to rapid discovery of more major extensions. The high-grade extensions we have identified provide the opportunity to assess Stockwork Hill as a potential underground resource that has the potential to deliver significant additional value to the Project”.
