AKIPRESS.COM - Xanadu Mines Ltd has yielded high grade gold assays of up to 145g/t from recent trench sampling at the Stockwork Zone II discovery at its 90% owned Oyut Ulaan copper-gold project in Mongolia, according to Proactive Investors.

Trench results with assays up to 145g/t of gold confirm the existence of a continuous zone of shallow high-grade narrow vein gold mineralization.

The systematic sampling within this zone displays remarkable continuity along the entire 33 meter strike of the exposed vein and structure.

This follows recent results from 157 rock chips samples collected from out cropping and sub cropping veins where 57.9% of samples graded more than 1g/t gold.

A total of 56 samples returned grades higher than 10g/t gold and 8 samples returned more than 100g/t gold.

Geophysics indicates the prospective area of mineralization is 4.5 kilometers long and 300 meters wide.

Further geologic work, including a drilling program, is planned once assay results have been evaluated.

Xanadu’s CEO, Dr Andrew Stewart said “The rapid delineation of high-grade gold, in multiple structures, at surface and now confirmed through trenching is an outstanding achievement by the company’s exploration team."

"Although early-stage these untested possibilities and the high gold grades of surface rock samples and the first trench results combine to suggest that the targets may form potentially mineable bodies."

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

Oyut Ulaan comprises a large and underexplored porphyry district covering 40 square kilometers, and consists of multiple co-genetic porphyry copper-gold centers, mineralized tourmaline breccia pipes and copper-gold/base metal magnetite skarns.

Xanadu will continue its systematic, low cost exploration at Oyut Ulaan with further reconnaissance exploration, field mapping, trenching and infill sampling ongoing.