Australian Securities Exchange listed Xanadu Mines LLC is going to expand its exploration in Kharmagtai, Umnugobi Province and drill in four areas.
The company expects that the speculative reserves of the mine will increase by expanding exploration at the Kharmagtai mine, which is rich in gold and copper.
According to a company drilling report, 0.49 grams of gold per one ton of ore and 34 percent copper content were intersected from Stockwork Hill at a depth of 632.2 meters.
Managing Director of Xanadu Mines LLC Andrew Stewart noted that the Kharmagtai copper-gold project is the most promising project in the international gold and copper market.
As of February 21, the price of company’s shares per unit was 0.24 AUD.
Australian Securities Exchange listed Xanadu Mines LLC is going to expand its exploration in Kharmagtai, Umnugobi Province and drill in four areas.
The company expects that the speculative reserves of the mine will increase by expanding exploration at the Kharmagtai mine, which is rich in gold and copper.
According to a company drilling report, 0.49 grams of gold per one ton of ore and 34 percent copper content were intersected from Stockwork Hill at a depth of 632.2 meters.
Managing Director of Xanadu Mines LLC Andrew Stewart noted that the Kharmagtai copper-gold project is the most promising project in the international gold and copper market.
As of February 21, the price of company’s shares per unit was 0.24 AUD.