Xanadu Mines to acquire Oyut Ulaan project in Mongolia - 31498: "Xanadu Mines will pay less upfront for the acquisition of the Oyut Ulaan copper and gold porphyry project in Mongolia in return for a modest cash payment some shares and issuance of performance share options.
Drilling by Xanadu has also intersected thick zones of gold rich porphyry copper mineralization from results released. The porphyry copper project covers a large district of around 40 square kilometers comprising numerous mineralized porphyry centers."
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