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Xanadu Mines Ltd

09:51 AM EST - Xanadu Mines Ltd : Announced the restart of exploration work at our 100% owned Red Mountain project located in the South Gobi region of Mongolia. Highlights: Exploration targeting shallow high-grade gold-silver-copper, following a detailed review of prior exploration results; Ground exploration program underway, including surface mapping and trenching activities; Trenching will test strike extent of shallow mineralization and set high-priority targets for diamond drilling. Drill testing expected to commence in September 2022 quarter; Phases 2 and 3 of Xanadu’s strategic partnership with Zijin Mining Group Co., Ltd. (Zijin). are in advanced approval stages and on track to complete in the December 2022 quarter. Xanadu Mines Ltd shares T.XAM are trading down $0.01 at $0.03.