Positive. Xanadu Mines reports 14% increase in contained copper and 9% increase in gold

From GlobeNewswire: 2024-08-21 19:50:00

Xanadu Mines Ltd has reported a 14% increase in contained copper and a 9% increase in contained gold for its Kharmagtai copper-gold project in Mongolia. This update is based on new drilling data and updated modelling, with significant growth in resource estimates between 2023 and 2024. The company’s Executive Chairman highlighted the potential for open pit and underground mining opportunities at the site. Independent consultants have verified the reliability of the updated Mineral Resource Estimate. Plans are in place to further explore and evaluate the economic potential of the deposit.



Read more at GlobeNewswire: Increase in Kharmagtai Resource