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Assay outcomes from trenching at Xanadu Mines’ Pink Mountain prospect in Mongolia have highlighted a broad zone of shallow gold mineralisation that the corporate argues has potential for extension at depth.
Xanadu says the most recent assays mixed with historic trenching outcomes outline a 350m by 80m zone of extremely anomalous gold at its Goal 33 prospect, together with a higher-grade core higher than 1 gram per tonne gold.
Assay highlights embody a 66m intercept at 0.37 g/t gold from 26m together with an 18m hit going 0.83 g/t gold from 50m. The richer 18m part additionally features a 10m hit at 1.23 g/t gold from 58m.
The newest outcomes are from assays returned for 1170m of the 6500m of trenching at Pink Mountain with the marketing campaign set to proceed to check extra targets for floor gold and copper mineralisation forward of an upcoming diamond drill program.
The anomalous gold zone stays open to the west and might be investigated by way of an extra drill program of stab holes designed to check roughly 50m beneath the goal space in a number of sections.
Xanadu Mines Government Chairman and Managing Director, Colin Moorhead mentioned: “We’re inspired by this stable begin to the Pink Mountain trenching program. Preliminary outcomes from T33 define a zone of strongly anomalous gold (higher than 0.2g/t Au) at floor that extends for 350m alongside strike and 80m large, and inside this zone is a higher-grade core (higher than 1g/t Au).”
Pink Mountain is situated throughout the Dornogovi Province of southern Mongolia, roughly 420km southeast of Ulaanbaatar and 70km west of the provincial centre of Sainshand.
Xanadu says earlier exploration on the prospect has outlined a number of broad zones of strongly mineralised quartz stockwork veining related to high-grade gold and rising alteration energy, with the mineralisation model suggesting robust potential for depth extensions.
A earlier diamond and RC drill program on the prospect uncovered spectacular outcomes on the website’s Bavuu and Diorite deposits with quite a lot of hits from floor.
Highlights on the Bavuu goal embody a 6m hit going 21.57 grams per tonne gold from floor while one gap at Diorite recorded a 9.5m part at 21.06 g/t gold from floor together with 3m studying a formidable 47 g/t gold from 2m. A second gap at Diorite found a 6m intersect at 15.43 g/t gold from the floor, together with 1.2m going 21.34 g/t from 3.3m.
The earlier drill marketing campaign additionally recorded robust copper and silver outcomes at Pink Mountain’s Stairy goal with a 4m part going 7.34 per cent copper and 29.3 g/t silver from 60m together with 1m studying an enormous 28.9 per cent copper and 114 g/t silver from 62m.
The mission has a 30-year mining licence and includes an underexplored porphyry district overlaying about 57 sq. kilometres.
Pink Mountain sits to the east of Xanadu’s flagship Kharmagtai mission that has a mineral useful resource estimate recognized at an enormous 1.1 billion tonnes for 3 million tonnes of contained copper and eight million ounces of gold.
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