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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 1/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-1-2018: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 14m @ 158.3g/t Au from 193m. Halifax, Nova Scotia - January 10, 2018 - Erdene R | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia - January 10, 2018 - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to report the highest-grade gold intersection encountered to date at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. “We are excited by this intersection, not only because of the ultra high-grade nature but by the continuity that continues to be demonstrated within multiple, high-grade gold domains within a broad lower-grade halo throughout this 1.4 kilometre long system,” said Peter Akerley, Erdene’s President and CEO. “The continuity of these high-grade gold bearing veins, that extend from surface and up to 150 metres vertically, provides an excellent base for advancing the project. These results clearly demonstrate the continued exploration upside potential of this relatively new gold discovery. They also support further detailed exploration targeting gold bearing structures not only within the Bayan Khundii deposit area but also within the larger district which we are confident will lead to additional discoveries.” The exploration program reported on herein was developed by the Erdene technical team in conjunction with an independent expert’s review to identify high priority structural targets within the Bayan Khundii project area. This included: testing the recently discovered North Midfield Zone with more detailed, closer-spaced drilling and testing structural concepts and extensions at 2 depth; testing the Midfield area for the presence of shallower zones of mineralization; testing the continuity of broad mineralized zones in the central portion of the North Midfield target area; and testing the southeast extension of the Striker Zone. | |
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