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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-6-2018: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 142.8m @ 2.6g/t Au from 27m. Halifax, Nova Scotia – June 14, 2018 - Erdene Reso | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – June 14, 2018 - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to report results for the second series of drill holes from its Q2- 2018 drill program at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. “Today’s results from the Midfield Zone further confirm the strong continuity of high-grade gold enveloped in broad intervals of lower grade material,” said Peter Akerley, Erdene’s President and CEO. “The consistency of the high-grade zones, their proximity to surface and good metallurgical characteristics will all contribute positively to the maiden resource estimate and Preliminary Economic Assessment expected later this year. Drilling also commenced today on a 2,500 metre program testing multiple reconnaissance targets within the Bayan Khundii and adjacent Ulaan licenses.” Today’s results are for the second batch of seven holes (BKD-241 to BKD-247), totaling 1,322 metres, which were completed in the Midfield Zone (4 holes), North Midfield Zone (1), North Midfield Extension (1) and one hole west of the Midfield Zone, testing the western boundary. All holes were drilled at a 45 to 65 degree angle to intersect the interpreted dip of the high-grade quartz veins and mineralized breccia. | |
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