HomeExplorationGeobank helps reveal bright future for Red Mountain

Geobank helps reveal bright future for Red Mountain

The Red Mountain Joint Venture has pushed the button on exploration at its promising copper-gold deposit, in Mongolia, on the back of comprehensive sampling and assay verification using MICROMINE’s geological data management solution – Geobank.

The potentially world-class deposit is being developed as a joint venture between Xanadu Mines Ltd (ASX/TSX: XAM) and Japan Oil, Gas and Metals National Corporation (JOGMEC).

The project covers approximately 57square kilometres of frontier terrain in the Dornogovi Province of southern Mongolia, approximately 420km south-east of the capital Ulaanbaatar.

On-ground exploration is underway to collect baseline data over the target district and prepare drilling targets. The exploration zone is made up of a cluster of outcropping porphyry intrusions including multiple copper-gold centres, copper-gold and base metal skarns, and high-grade epithermal gold veins.

Xanadu’s CEO Dr Andrew Stewart said, “Red Mountain offers a rare opportunity to access a large, under-explored porphyry district. In the coming months we will deploy a systematic exploration program, including deep penetrating geophysics, that we expect will provide a new perspective on the mineral potential at Red Mountain district.

“A steady stream of new geological information will help advance and refine several large-scale drill targets for testing in Q3 in 2020.”

Accurate data collected and stored in Geobank from the first phase of the exploration program will help accurately target the large-scale deposits, to present drill-ready targets. Around 1,200 metres of diamond drilling has been planned to test the highest priority targets.

The second exploration phase will test the best targets defined by the 3D modelling, with each hole being analysed to further refine the targets.

When it comes to estimation and reporting of mineral deposits, the integrity of the database being used is paramount. Xanadu has entrusted this vital function to MICROMINE’s Geobank.

By using Geobank software, geologists can effectively and efficiently manage essential data and make accurate geological interpretations.

The Geobank data management system, which includes Core Module, Sample Tracker and Advanced Reporting functionality, provides the tools needed to capture, validate, store and access, and report on data from diverse software, applications and sources. Because it is flexible and scalable, the data model can be tailored to meet any exploration or mining scenario.

Validation checks built into the software ensure data quality as it is imported into the system. Digital assay results from laboratory testing are quality checked and imported into the Geobank database. Geobank data is then exported straight into the geology and mine planning software to further interrogation and visualisation.

Using this methodology, data is validated prior to resource estimation by the reporting of basic statistics for each of the grade fields, including examination of maximum values, and visual checks of drill traces and grades on sections and plans.

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Micromine is a comprehensive and easy to use exploration and mine design solution, which offers integrated tools for modelling, estimation, design, optimisation and scheduling. Micromine provides users with an in-depth understanding of your projects, so prospective regions can be targeted more accurately, increasing the chance of your project’s success. Miners are provided with interactive and easy-to-use modelling, estimation, and design tools to simplify your day-to-day design and production tasks. The latest version of MICROMINE’s exploration and mine design solution, Micromine 2020, comprises 11 modules. As a scalable and flexible solution, Micromine 2020 provides you with the flexibility to choose the functionality you need when you need it. Additionally, the focus on 64-bit in Micromine 2020 means that you can work more efficiently and with more data than ever before. Increase your productivity and cost efficiencies with Micromine 2020.