For thousands of other reports visit RSC's Mineral Intellingence Map
Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 6/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2016: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 66m @ 1.01g/t Au from 76m. Halifax, Nova Scotia – June 14, 2016 - Erdene Resour | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – June 14, 2016 - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce additional results from follow-up drilling on the recent highgrade discovery at the Company’s 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. Today’s results are for the third batch of drill results (9 holes; 1,403 m) from the Company’s Q2-2016 drill program. A fourth and final batch of results for the final five holes is expected to be released before the end of Q2-2016. Included with this release, for reference, are a plan map and three cross-sections. “Today’s results confirm our stated objectives of confirming continuity of gold mineralization in the main zones, including the Striker Zone, and extending mineralization through reconnaissance drilling outside the previous known limits. The results confirm the extension of significant gold mineralization at depth in the Striker Zone, the identification of a new zone at surface and the discovery of broad zones of mineralization under cover,” said Peter Akerley, President and CEO. “We will now dedicate additional resources to improving our understanding of the controls on mineralization in this large system prior to a return to drilling in mid third quarter.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report