Drilling Underway at Red Mountain Project [Yahoo! Finance]
ASX LTD UNSP/ADR (ASXFY)
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Source: Yahoo! Finance
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 Executive Chairman and Managing Director, Mr Colin Moorhead, said “Drilling has commen
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