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Erdene Resource Development Corp.
Summary
| Project: | Altan Nar | |
|---|---|---|
| Deposit: | Altan Nar | |
| Location: | Mongolia | |
| Commodities: | Gold-Silver-Copper-Zinc-Lead | |
| Date: | 5/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-5-2018: Erdene Resource Development Corp. announces a Resource Estimation report for its Altan Nar deposit at the Altan Nar project. Updated mineral resource estimate at the project. Halifax, Nova Scotia – May 10, 2018 - Erdene Resource Development Cor | |
| Resources: | (Resource): 5.0Mt @ 2.8g/t AuEq (ind.), 3.4Mt @ 2.5g/t AuEq (Inf.) | |
| CP/QP: | [Resources]: Jeremy Clark (RPM Global Holdings Ltd.) | |
| ABSTRACT: | Halifax, Nova Scotia – May 10, 2018 - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce an updated mineral resource estimate (“Mineral Resource”) for its 100%-owned Altan Nar gold-polymetallic project (“Altan Nar”) in southwest Mongolia. “We are extremely pleased with the significant increase in size and grade of today’s Altan Nar Resource and believe it will be an excellent complement to a Global Resource Estimate expected in Q3-2018 incorporating our near-surface, high-grade Bayan Khundii gold project, 16 kilometres to the southeast, where drilling continues,” said Peter Akerley, Erdene’s President and CEO. “It is important to recognize that while Altan Nar has expanded significantly this remains an early-stage discovery with multiple untested targets over the 5.6 kilometre Altan Nar trend, with limited drilling at depth. This reflects the fact that no modern exploration took place in this new district prior to the Erdene discoveries.” | |
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