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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 9/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2017: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 128.3m @ 1.14g/t Au from 49m. Halifax, Nova Scotia – Sept 12, 2017 – Erdene Res | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – Sept 12, 2017 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce additional assay results from the Company’s on-going 2017 drill program at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. Sixteen holes (BKD-183 to BKD-198) and one hole extension (BKD-30ext), totalling 3,074 metres, were drilled throughout the Bayan Khundii project area in mid Q3 and are included in this update. The following table includes highlights of the drill results with a discussion expanding on those results below. The Company has completed a total of 19,386 metres in 2017 at Bayan Khundii (102 new drill holes and five extended drill holes), for a total of 30,728 metres (198 drill holes) since the first drill hole in Q4-2015. For the remainder of Q3, and into Q4, the Company’s drilling program at Bayan Khundii will be focused on testing a series of geophysical and geochemical targets within the larger 2 by 1.8 kilometre Bayan Khundii prospect area. Planning for additional drilling is underway and expected to include further delineation of newly discovered high-grade mineralization encountered during the Q2-Q3 2017 exploration program and increasing confidence in the ultra high-grade domains. | |
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