January 25, 2013

Xanadu Mines delivers maiden coal Resource of 170Mt at Galshar in Mongolia - Proactiveinvestors (AU)

Xanadu Mines delivers maiden coal Resource of 170Mt at Galshar in Mongolia - Proactiveinvestors (AU): "Xanadu Mines’ (ASX: XAM) wholly owned Galshar Coal Project in the Dornogovi Province of Eastern Mongolia has an initial JORC Indicated and Inferred Resource of 170 million tonnes of coal.

Independent geological consultants McElroy Bryan Geological Services has estimated an Indicated JORC Resource of 70 million tonnes and an Inferred JORC Resource of 100 million tonnes, all of which are at depths of less than 120 metres.

The Galshar Coal Project comprises three contiguous exploration licences covering more than 131 square kilometres (13,152 hectares) in the Choir-Nyalga Coal Basin."

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