TORONTO, March 27, 2024 (GLOBE NEWSWIRE) — Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu or the Company) is pleased to advise an initial 5,000m diamond drilling programme to test five main target areas at the highly prospective 100% owned Red Mountain copper and gold Project in the South Gobi region of Mongolia is now underway, with drilling expected to be completed by mid-May, and all assays available by end-June.
Highlights
- Exploration drilling focused on discovery of shallow high-grade gold and copper-gold deposit, akin to the shallower parts of the Northparkes copper gold porphyry deposits in NSW, Australia .
- Systematic diamond drilling program designed to test five high-priority targets, following up on more recent trenching and previous drilling; compelling results from the latter are highlighted, below:
- First results from the drilling program are anticipated late April.
Xanadu’s…
