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Erdene Resource Development Corp.
Summary
| Project: | Altan Nar | |
|---|---|---|
| Deposit: | Altan Nar | |
| Location: | Mongolia | |
| Commodities: | Gold-Silver-Copper-Zinc-Lead | |
| Date: | 2/4/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-2-2020: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Altan Nar deposit at the Altan Nar project. Drilling results incl. 23.0m @ 17.0g/t Au, 44.7g/t Ag, 0.75% Pb, 1.47% Zn from 97.0m. Erdene Resource Developme | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Dalton (Internal) | |
| ABSTRACT: | Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to report results from the Q4-2019 exploration program on its Altan Nar, Khundii and Ulaan licenses. “We are very encouraged by the results of the December 2019 drilling at Altan Nar which returned multiple shallow intersections in excess of 50 g/t gold,” said Peter Akerley, Erdene’s President and CEO. “These results expand the high-grade core of the Discovery Zone deposit and open up new areas for future drilling that should positively impact Altan Nar resources.” “These results, combined with the expansion of the new Khar Mori gold prospect area and the extension of gold mineralization south of Bayan Khundii in Q3-2019, continue to demonstrate the prospectivety of Erdene’s Khundii Gold District,” stated Mr. Akerley. “We are maintaining a dual focus on advancing our high-grade, open-pit, 60,000 ounce per year Bayan Khundii Gold Project to production, while drilling targets on adjacent prospects to grow our resource base.’ | |
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