Xanadu Mines Ltd (ASX: XAM, TSX: XAM) has uncovered shallow gold in initial trenching results from the 100% owned Red Mountain project located within the Dornogovi Province of southern Mongolia.
Highlights
• Assays returned for 1,170m of the 6,500m trenching program at Red Mountain.
• Initial focus on Target 33 (T33) returned a broad zone of shallow gold mineralisation.
• Significant intercepts include OUTR109 with 66m @ 0.37g/t Au from 26m,
o including 18m @ 0.81 g/t Au from 50m,
o including 10m @ 1.23 g/t Au from 58m.
• OUTR109 results, combined with historic trenching results, define a 350m x 80m zone of highly
anomalous gold, including a higher-grade core greater than 1g/t Au.
• Anomalous gold zone remains open to the west and a future drill program will test 50m below this zone in multiple sections.
• Trenching continues to test additional targets for surface gold and copper mineralisation across the tenement.
“We are encouraged by this solid start to the Red Mountain trenching programme,” Executive Chairman and Managing Director, Colin Moorhead, said.
“Initial results from T33 outline a zone of strongly anomalous gold (greater than 0.2g/t Au) at surface that extends for 350m along strike and 80m wide, and within this zone is a higher-grade core (greater than 1g/t Au). We look forward to the remaining trenching assays, which will define our future drill programme for Red Mountain.”
T33 Trenching
Assays have been returned at T33 for approximately 1,170m of trenching over seven trenches, targeting an area of high-grade gold identified in previous trenching and drilling. Assay results returned broad zones of anomalous gold, associated with felsic intrusive and strong alteration.
When combined with previous work at T33 these new results expand upon the previous broad, highly anomalous gold zone at surface to a current interpretation of approximately 350m long and 80m wide, including a higher-grade core greater than 1g/t Au. This anomalous gold zone remains open to the west and will be investigated through a drill program of stab holes designed to test approximately 50m below this zone in multiple sections.
2022 Red Mountain Exploration Programme
Xanadu is undertaking a disciplined and systematic exploration programme, which includes:
1. Detailed geological work, 3D geophysical and geochemical modelling;
2. Trenching to test strike extent and develop drill targets; and
3. Drill programme focussed on shallow gold, silver and copper targets.
For further information please visit: https://www.xanadumines.com/
