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XANADU MINES LTD

ASX: XAM

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Description

Xanadu has assembled a significant position across Mongolia’s porphyry copper belts. Xanadu maintains an active exploration and business development program and is constantly evaluating new project opportunities

Middle Paleozoic South Gobi Poprhyry belt (Gurvansayhan terrane) is a 600 x 200km arcuate belt formed from Middle to Late Palaeozoic volcanic and sedimentary rocks that have been intruded by Late Devonian and Carboniferous granitoids. It hosts most of the known porphyry and intrusion-related mineralisation in the South Gobi region including the giant Oyu Tolgoi copper-gold mine (2.4Bt @ 0.78% Cu & 0.33g/t Au) and Tsagaan Suvarga copper-molybdenum project (240Mt @ 0.53% Cu & 0.018% Mo);

Early Mesozoic Selenge Poprhyry Belt formed within a continental magmatic arc on the margin of the Siberian Craton that developed in response to the closing of the Mongol-Okhotsk Sea and subduction of the palaeo-Pacific ocean below the Siberian Craton. It hosts the giant Erdenet deposit (1.78Bt @ 0.62% Cu, 0.025% Mo) which is Mongolia’s largest producing porphyry copper-molybdenum deposit.

Mine For

copper, gold, molybdenum

Location of operation(s)

Mongolia

Address

Level 12, 680 George St
SYDNEY, NSW, Australia

Phone

(61 2) 9332 4322

Email

Website


Last Updated

4/9/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.