Xanadu Mines (ASX:XAM) has started exploration activities at its Oyut Ulaan copper-gold project in Mongolia that will contribute to defining a shallow resource estimate.
This has been designed to test potential extensions to high-grade porphyry mineralisation along strike from the Diorite Hill and Stockwork Hill prospects as well as testing the outcropping variably mineralised breccia dyke complex.
The program includes approximately 2,000 metres of surface trenching plus the acquisition of high-resolution ground magnetics and induced polarisation data.
Previous exploration in 2013 found outcropping high grade gold and copper.
Oyut Ulaan is located within the Dornogovi Province of southern Mongolia. It is also within the South Gobi Copper Belt that hosts the world class Oyu Tolgoi copper-gold project.
The project consists of multiple co‐genetic porphyry copper–gold centres, mineralised tourmaline breccia pipes and copper-gold / base metal magnetite skarns, which occur within the central part of Mining Licence 17129A.
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