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Xanadu Mines to spend A$4.5M in FY'17 on copper-gold exploration in Mongolia

Xanadu Mines Ltd. intends to spend over A$4.5 million in 2017 on exploration across its porphyry copper-gold projects in Mongolia's South Gobi belt.

The planned exploration programs will target the discovery of additional copper-gold deposits on the South Gobi porphyry projects at Kharmagtai and Oyut Ulaan, the company said on Dec. 23.

To supervise the planned exploration, the company appointed Mat Brown as the chief geologist for the company. Brown has over 20 years of experience as an exploration geologist.