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Erdene Resource Development Corp.
Summary
| Project: | Altan Nar | |
|---|---|---|
| Deposit: | Altan Nar | |
| Location: | Mongolia | |
| Commodities: | Gold-Silver-Copper-Zinc-Lead | |
| Date: | 10/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-10-2017: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Altan Nar deposit at the Altan Nar project. Drilling results incl. 20m @ 10.3g/t Au, 37.5g/t Ag, 0.13% Cu, 0.79% Pb, 0.93% Zn from 97m. Halifax, Nova Sco | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – October 12, 2017 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to provide an exploration update on its gold projects in southwest Mongolia, including drill results from its 100%-owned Altan Nar Gold-Polymetallic Project (“Altan Nar”), and an update on its flagship, 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”), 16 kilometres southeast of Altan Nar, where drilling is on-going with results pending. “Today’s results from Altan Nar are a further testament to the exceptional fertility of this emerging gold district,” said Peter Akerley, Erdene’s President and CEO. “These results demonstrate significant expansion potential for the existing deposit areas and provide exciting new discovery opportunities within the greater 5.6 kilometre Altan Nar trend. Our continued exploration success at both the Bayan Khundii and now the Altan Nar gold projects has led to a decision to significantly increase our 2017 drill program. When considered in the broader district-scale context, we believe the success rate experienced by our company at the grassroots drilling stage is a good indication of the region’s potential for additional discoveries.” | |
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