Altan Rio Minerals Limited has completed drilling at the Chandman copper-gold project in Khovd Aimag.

Encouraged by 2009 and 2010 results from two drill campaigns, Altan Rio developed a larger drilling program for 2011. The firm employed Falcon Drilling Mongolia LLC to drill 13 diamond drill holes for a total of 7,815.5 meters for its 2011 Chandman drill program. The company expects results from exploration to materialize in early 2012.

The Chandman-Yol project is located in mountainous basin and range country in eastern Khovd, about 1,050 kilometers west of Ulaanbaatar. Altan Rio has invested approximately USD 15 million to date, exploring the project with work that includes geophysical surveys, geochemistry, sampling, trenching, and diamond drilling. Altan Rio, founded in 2007 and based in Vancouver, explores large-scale gold and copper projects in Mongolia. The company currently has exploring licenses totaling more than 153,310 hectares.