Xanadu Mines (ASX: XAM) has reported good progress at its field operations at the highly prospective Sant Tolgoi Copper-Nickel Project, in Zavkhan Province of Western Mongolia.
Sant Tolgoi is considered highly prospective for the discovery of new magmatic intrusion-related Copper-Nickel systems. The objective of this exploration programme is to collect the data required to identify high-grade sulphide mineralisation within the large Sant Tolgoi Intrusive Complex.
Highlights
• A field exploration programme is well underway at the Sant Tolgoi Copper-Nickel Project, representing Xanadu’s first detailed activities at these highly encouraging district-scale magmatic targets.
• Detailed geological mapping and geochemical sampling in progress.
• Acquisition of high-resolution magnetic, gravity and CSAMT is complete, with modelling underway.
• Multiple shallow copper-nickel sulphide targets are being identified over several kilometres of strike.
• Early geochemical and geophysical results expected in Q4 2024.
“We are very pleased to have commenced and making excellent exploration progress at the Sant Tolgoi Copper-Nickel Project. This project represents an exciting green-fields opportunity," Xanadu’s VP Exploration, Dr Andrew Stewart, said.
"We believe this is potentially a new Magmatic Cu-Ni District in an under-explored mineral province of Western Mongolia, and is an extension of fertile magmatic activity hosting a significant number of Ni-Cu-PGE deposits in the Central Asian Orogenic Belt. Sant Tolgoi lies on the western extension of the deep seated Khangai Fault systems. Encouragingly surface mapping has identified widespread mineralisation, primarily consisting of copper oxides, either as fracture fillings or disseminated mineralisation in coarse- to medium- grained gabbro, validating our generative strategy.”
The Sant Tolgoi Project covers two Exploration Licences, XV-17774 (Oyut) and XV-21887 (Sant Tolgoi) in the Zavchan Province of Western Mongolia with a combined area of over 40 sq. km, collectively referred to as the Sant Tolgoi Project or Sant Tolgoi Cu-Ni project.
The Tenement portfolio includes numerous advanced exploration targets with real prospectivity for the discovery of significant magmatic copper and nickel mineralisation. In the Zavchan Region of Mongolia, the Sant Tolgoi Project lies on the western extension to the of the deep seated Khangai Fault systems, a metalliferous fault network which hosts several significant mafic and ultramafic intrusions that are highly encouraging for intrusion hosted copper and nickel discoveries. Early signs of several copper-nickel systems have been encountered in both historical drilling.