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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: | 5/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-5-2017: 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. 14.0m @ 7.92g/t Au, 43.7g/t Ag, 0.67% Pb, 1.16% Zn from 100m. Halifax, Nov | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – May 30, 2017 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to provide an exploration update and announce results from the Company’s 2017 drill program at its 100% owned Bayan Khundii, Altan Nar and Altan Arrow gold projects in southwest Mongolia where two drill rigs are currently operational. “The 2017 exploration program continues to push the boundaries of known mineralization in all three project areas and we are particularly excited about the recent success in step-out drilling north of the Midfield Zone at Bayan Khundii and the continuity of the high-grade zones at Altan Nar,” said Peter Akerley, President and CEO of Erdene. “We continue to operate two drill rigs at Bayan Khundii with the expansion drilling continuing alongside additional infill drilling to follow-up on these newly discovered areas.” Erdene completed six drill holes totaling 1,326 metres at its Altan Nar gold-polymetallic project (“Altan Nar”), located 16 kilometres northwest of Bayan Khundii. The objective of the program was to establish continuity of the high-grade gold-polymetallic zone identified in Q4-2016 at the central part of the Discovery Zone (“DZ”). The Company recently completed a detailed magnetic survey and induced polarization dipole-dipole surveys, which have defined multiple drill targets throughout the larger 5.6 kilometre Altan Nar trend. The 2017 Altan Nar exploration program has been modified to include a Q3 drill program to test some of these new targets and to complete step-out drilling in areas adjacent to the Company’s previously reported NI 43-101 mineral resource estimate at Altan Nar | |
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