Proactive Investors - Run By Investors For Investors

Xanadu Mines demonstrates excellent gold recovery in tests from Mongolian copper-gold project

Test work shows that gold should report as free gold in Kharmagtai copper concentrate.
Genghis Khan statue in Mongolia
The Kharmagtai Copper-Gold Project is in the prolific South Gobi region of Mongolia

Xanadu Mines Ltd’s (ASX:XAM) tests demonstrate excellent gold deportment results in ore from the Kharmagtai Copper-Gold Project in Mongolia’s South Gobi region.

Ongoing test work shows that gold should report to a copper concentrate as free gold inclusion.

The new results build on Xanadu’s previous metallurgical studies which showed very high gold recovery to the rougher concentrate.

READ: Xanadu Mines extends copper-gold footprint at Mongolian project

Xanadu’s chief executive officer Dr Andrew Stewart said: “These above average results, as expected, show that gold occurs as coarse grains in association with principle copper sulphides.

“While further testing is required as the project advances, we see no significant hurdles to producing a high-quality concentrate via standard processing pathways from the Kharmagtai project.”

Twelve samples from Kharmagtai were sent for detailed petrological and scanning electron microprobe analysis.

The objective was to determine the location of gold across all three zones of the Kharmagtai deposit - Copper Hill, White Hill and Stockwork Hill.

Most gold occurs as separate grains

Petrological and scanning electron microprobe work showed most gold as separate grains within the copper-bearing sulphides and pyrite rather than as a solid solution.

The grains range up to 100 microns in size and include native gold and with silver as electrum.

Some minor grains also occur in silicate minerals and magnetite.

The copper sulphides analysed showed no trace metal within them as solid solution, indicating sulphides from the samples should produce concentrates free of significant deleterious elements.

WATCH NOW: Xanadu Mines cashed up and working to unlock the value at Kharmagtai

“The test results allow us to focus on the drilling underway,” Stewart said.

“This is expanding the resource and targeting near-surface porphyry copper-gold deposits within this largely under-explored porphyry copper-gold district.”

View full XAM profile View Profile

Xanadu Mines Ltd Timeline

Related Articles

Leonora project location
January 30 2019
The Sprott-backed company posted its quarterly activities and cashflow reports to market yesterday.
Projects Arrow holds in WA
February 06 2019
The Plumridge project in WA is a joint venture with Independence Group (ASX:IGO).
Cobalt
November 28 2018
The junior miner is acquiring the Hautalampi nickel-copper-cobalt deposit in the historic Outokumpu mining camp of eastern Finland

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use