Xanadu Mines provides a Kharmagtai exploration update

The American Chamber of Commerce in Mongolia

2018-05-10 13:57 GMT+8

Australian Stock Exchange listed Xanadu Mines presented exploration updates on its Zaraa porphyry target. Xanadu’s Chief Executive Officer Andrew Stewart announced that high-grade deposits were discovered as a result of recent drilling into the Zaraa target. He highlighted that this demonstrates Kharmagtai’s high potential for large mineral systems. The exploration of Zaraa target’s resources is still continuing.
Managers from Australian Stock Exchange listed Elixir Petroleum and Golden Horde Ltd. are planning to come to Mongolia within the next two weeks to meet with representatives from the Mongolian government. Golden Horde Ltd has been waiting for the government's permission to sign a Nomgon IX production sharing contract.    

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