XAM 1.79% 5.7¢ xanadu mines ltd

Ann: Updated ASX Announcement, page-2

  1. WCJ
    372 Posts.
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    From: 

    Current drill hole (KHDDH488) has intersected porphyry style veining and visible chalcopyrite-bornite mineralisation from 178m to current depth of 891m, with drilling continuing;

    A broad 100m-wide zone of visible bornite-rich mineralisation from a depth of 580m demonstrates drilling is advancing towards the higher temperature core of the Kharmagtai porphyry system;

    to

    Current drill hole (KHDDH488) has intersected porphyry style veining and tourmaline breccia with visible sulphide chalcopyrite mineralisation from 178m to current depth of 891m, with drilling continuing;

    Within this larger interval is a 100m-wide zone of visible bornite-rich mineralisation occurring from a depth of 580m. Bornite visual estimates within this zone range from 0.1% to 1% bornite.

    Bornite rich? Misleading the market much? The big buyer from the announcement the other day was clearly not overly impressed and has quickly sold. Here I was thinking the company might finally be starting to regain some upward momentum.
    Last edited by WCJ: 20/02/19
 
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