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Mining Briefs: Xanadu, Azure and more

IN Mining Briefs today: drilling results for Xanadu and Azure; Triumph acquisition; WPG to offloa...

Andrew Duffy
Mining Briefs: Xanadu, Azure and more

Xanadu Mines has released drilling results from the Kharmagtai project in Mongolia.

Results included 268m at 0.46% copper and 0.52 grams per tonne gold from 182m, and 119.6m at 0.62% copper and 0.67gpt gold from 296.4m.

Other results included 32m at 0.47% copper and 0.45gpt gold from 208m.

Triumph Tin has acquired the Arapua fertiliser project in Brazil for $US1 million ($A1.07 million), paid on the start of commercial production, and a 2% net smelter return.

Azure Minerals has released further assays from the 100%-owned Cascada deposit in Mexico.

Results included 33.6m at 1.6gpt gold and 9.6m at 0.7gpt.

Assays for another six holes remain outstanding.

WPG Resources is seeking a buyer for its Spencer Gulf Ports land in Port Pirie, South Australia.

The company acquired the asset three years ago as part of a plan for an integrated iron ore development.

With WPG now focused on its recently acquired gold assets in SA’s Gawler Craton, it has decided to offload the land.

Hampton Hill Mining has decided to turn its 40% joint venture interest in the Weld Range project in Western Australia into a 2% royalty covering the free-on-board value of any iron ore sold. SinoSteel Midwest Corporation will hold 100% of the project following execution of a royalty agreement.

Hampton Hill still retains a 100% interest in any non-ferrous metals occurring within the boundaries of SinoSteel’s tenement package in the Weld Range area.

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