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Xanadu Mines' drilling reveals quality of Kharmagtai

More assays from Kharmagtai are expected before the end of the month.
Xanadu Mines' drilling reveals quality of Kharmagtai
Drilling at Kharmagtai

Xanadu Mines Ltd (ASX:XAM) latest drilling has further enhanced the potential of the company's Kharmagtai project in Mongolia.

Diamond drilling highlights include:

- KHDDH419: 234 metres at 0.57% copper and 1.04g/t gold (1.23 copper equivalent) from 466 metres, which defined a new zone of high-grade stockwork mineralisation; and
- KHDDH418: 212 metres at 0.36% copper and 0.38g/t gold (0.61 copper equivalent) from 333 metres, which intersected a broad zone of breccia mineralisation.

Dr Andrew Stewart, managing director, commented: "The quality of Kharmagtai continues to be demonstrated by these positive drill results.

"The latest drilling, which is targeting high-grade mineralisation at Stockwork Hill, reaffirms our belief in the potential for this mineral system to host a large scale high-grade copper-gold deposit.

"The Stockwork Hill discovery remains open in virtually all directions.

"What really excites our geology team is that the host breccia contains fragments of mineralised porphyry providing strong evidence of a deeper undiscovered porphyry system below these targets.

"While the increasing presence of bornite sulphide mineralisation indicates we are getting closer to the core of the system.

"We look forward to drilling beneath the zone of chalcopyrite-gold breccia mineralisation testing for the breccia complex transition downward into another mineralised porphyry at depth."

WATCH NOW: Xanadu Mines liking what they see from drilling at Kharmagtai

The latest drilling and detailed infill mapping demonstrates increased scale of the mineralised system with exceptional depth continuity.

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