Announcement Date: 2022-02-28
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Xanadu Mines Ltd.
Project name: Kharmagtai
Location: Mongolia
Commodities: Gold,Copper
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Spiers Geological Consultants (SGC) was engaged by Xanadu Mines (XAM) and / or nominees to produce a Global Mineral Resource Estimate (GMRE) for the Kharmagtai project areas (Stockwork Hill, Copper Hill, White Hill, Zaraa, Golden Eagle and Zephyr, in the Omnogovi Province of southern Mongolia). Xanadu Mines Ltd (ASX: XAM, TSX: XAM) is an Exploration company that discovers and defines globally significant porphyry copper-gold deposits in Mongolia. We leverage the experience and relationships developed over >10 years in country to deliver low cost and effective discovery and resource growth. The Mineral resources for the near surface oxide and deeper transitional to fresh mineralisation have been estimated using Ordinary Kriging (OK) with sectional interpretations provided by the Client geologists in accordance with the 2012 edition of the JORC Code and guidelines for the reporting of exploration results. Geometry modelling and data / search criteria were optimised to align parallel to the strike and orthogonal to the dip (and plunge where applicable) of the mineralisation in accordance with discussions with the Client and supported by data and variogram analysis of each individual ore domain.
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