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Erdene Resource Development Corp.
Summary
| Project: | Altan Nar | |
|---|---|---|
| Deposit: | Altan Nar, Altan Arrow | |
| Location: | Mongolia | |
| Commodities: | Gold-Silver-Zinc-Lead | |
| Date: | 12/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-12-2016: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Altan Nar, Altan Arrow deposit at the Altan Nar project. Drilling results incl. 110m @ 9.26g/t Au, 32g/t Ag, 0.65% Pb, 0.77% Zn from 32m. The Discovery Z | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | The Discovery Zone (“DZ”) deposit is one of 18 mineralized (gold, silver, lead and zinc) target areas that have been identified within a 5.6 km by 1.5 km mineralized corridor at Altan Nar. The deposit has been drilled over a 500 m strike length in the upper 150 m of the DZ, however, the deposit was not fully tested in the central area, due to initial low-grade results. The conceptual target tested by drill hole TND-101 was in this central area at the intersection of a northwest-trending fault with the main northeast-trending shear zone, along a major east-west-trending lithologic contact. This confluence of brittle and ductile structures was believed to form a favorable structural environment for increased fluid flow and metal deposition with multiple fluid phases and structural events coalescing in this area. This structural target was supported by increasingly strong gold mineralization (TND-69 and 90) reported in 2015 in the vicinity of the target area. | |
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