Development of new exploration targets for copper and gold deposits in Hamagotai, Mongolia-Shanghai Metals Market

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Development of new exploration targets for copper and gold deposits in Hamagotai, Mongolia

Translation 09:00:20AM Nov 08, 2019 Source:Department of Natural Resources
The content below was translated by Tencent automatically for reference.

SMM News: Sanadu Mining Company (Xanadu Mines) announced the exploration target of Hamagotai (Kharmagtai) in Mongolia. At present, the Baishan (White Hill) ore resources of the large open-pit orebody of the project are between 331 million tons and 1.24 billion tons, with a copper equivalent grade of 0.3-0.5%. Sanadu believes that turning exploration targets into resources and discovering large deposits will cost another $24 million. The company plans to complete a new drilling of 120000 meters, which had already completed 78000 meters. The Hamagotai copper and gold deposit is located about 120 km north of the Oyu Tolgoi copper deposit.

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Price

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1# Silver Ingots(99.99%)
Nov.20
4114.0
20.0
(0.49%)
2# Silver Ingots(99.95%)
Nov.20
4099.0
20.0
(0.49%)
3# Silver Ingots(99.90%)
Nov.20
4084.0
20.0
(0.49%)
Gold(99.99%)
Nov.20
333.8
1.0
(0.31%)
Gold(99.95%)
Nov.20
333.6
0.9
(0.29%)

Development of new exploration targets for copper and gold deposits in Hamagotai, Mongolia

Translation 09:00:20AM Nov 08, 2019 Source:Department of Natural Resources
The content below was translated by Tencent automatically for reference.

SMM News: Sanadu Mining Company (Xanadu Mines) announced the exploration target of Hamagotai (Kharmagtai) in Mongolia. At present, the Baishan (White Hill) ore resources of the large open-pit orebody of the project are between 331 million tons and 1.24 billion tons, with a copper equivalent grade of 0.3-0.5%. Sanadu believes that turning exploration targets into resources and discovering large deposits will cost another $24 million. The company plans to complete a new drilling of 120000 meters, which had already completed 78000 meters. The Hamagotai copper and gold deposit is located about 120 km north of the Oyu Tolgoi copper deposit.

Scan QR code, apply to join SMM metal communication group, please indicate company + name + main business