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Xanadu Mines Ltd

Xanadu Mines shares purchased by director and director’s spouse

The recent Zaraa discovery hole intersected 928.4 metres at 0.30% copper and 0.27 g/t gold.

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More assays from the Zaraa discovery are expected next week

Xanadu Mines Ltd (ASX:XAM) has received on-market buying support from director Michele Muscillo and director Hannah Badenach’s spouse.

Both lots of the purchases occurred last week and were completed using on-market trades.

These two director purchase events follow buying from the chairman, managing director and a non-executive director last week.

READ: Xanadu Mines directors support Mongolian copper-gold strategy with on-market share purchases

Last week, Xanadu intersected further copper in the second and third holes at the Zaraa porphyry discovery at its flagship Kharmagtai Copper-Gold Project in Mongolia.

The recent discovery hole at Zaraa intersected 928.4 metres at 0.30% copper and 0.27 g/t gold from 458 metres.

READ: Xanadu Mines expands new Zaraa porphyry discovery with two new holes

Two new holes have been drilled and the first batch of assays from the drill core is expected to be received in the last week of May.

Quick facts: Xanadu Mines Ltd

Price: $0.06

Market: ASX
Market Cap: $41.99 m
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Xanadu Mines boosts Kharmagtai project value with potential low-cost gold...

Xanadu Mines Ltd (ASX:XAM) managing director & CEO Andrew Stewart speaks to Proactive Investors about the company's Kharmagtai Copper-Gold Project in Mongolia.    Preliminary test work on diamond core from shallow oxide gold mineralisation has revealed an opportunity for...

on 20/3/19

2 min read