Xanadu Mines has received further impressive assay results from ongoing trench channel sampling from the Oyut Ulaan Copper-Gold project in southern Mongolia.

The latest results of up to 589.96 grams/tonne from the Stockwork II and Bavuu zones confirm the existence of continuous sub-outcropping high-grade gold mineralisation. The results have also demonstrated zones of lower grade gold mineralisation in the chlorite-sericite altered wall-rock.

Xanadu continues its program of systematic and cost effective exploration work designed to understand the geological controls on high-grade mineralisation within this large system before drilling is planned.

This work follows the discovery of multiple zones of potentially significant outcropping quartz-sulphide vein mineralisation. Recent exploration identified three parallel epithermal lode structures that occur within 1.5km of each other - Stockwork Zone I, Stockwork Zone II and Bavuu Zone.

Xanadu’s chief executive officer Dr Andrew Stewart said, “We are delighted that detailed trench sampling of these newly discovered quartz-sulphide veins continues to deliver outstanding gold results with multiple bonanza grade assays confirming the existence of continuous shallow high-grade gold mineralisation with remarkable continuity along the strike.

“Now we have received all results from the first part of the trenching program we are developing plans for accelerated exploration of this exciting new discovery at Oyut Ulaan.”

The Oyut Ulaan project is strategically located within the South Gobi Copper Belt, which hosts the world-class Oyu Tolgoi copper-gold project, and is 260km east of Xanadu’s flagship Kharmagtai copper-gold project.