Xanadu Mines provides exploration update for the Red Mountain copper-gold project
2021-09-28 09:57:59 [Print]
BEIJING (Asian Metal) 28 Sep 21 - Australian-based Xanadu Mines Ltd. provided an exploration update for the Red Mountain copper-gold porphyry district, a joint venture with Japan Oil, Gas and Metals National Corporation. Red Mountain is located within the Dornogovi Province of southern Mongolia.
3,000m diamond drilling program has been completed at Red Mountain, with targeting focussed on near surface highgrade bornite mineralisation at Stairy and nearby larger-scale porphyry Induced Polarization (IP) targets.
Assays returned for 1,865m, with silver-rich, high-grade copper results in several drill holes, including OUDDH115 4m @ 7.34% Cu, 29.3g/t Ag from 60m.
Assays are pending for remaining 1,135m, expected within the next two weeks.
3,000m diamond drilling program has been completed at Red Mountain, with targeting focussed on near surface highgrade bornite mineralisation at Stairy and nearby larger-scale porphyry Induced Polarization (IP) targets.
Assays returned for 1,865m, with silver-rich, high-grade copper results in several drill holes, including OUDDH115 4m @ 7.34% Cu, 29.3g/t Ag from 60m.
Assays are pending for remaining 1,135m, expected within the next two weeks.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' sales to production ratio statistics by province by month
Unit: %
