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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 8/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-8-2017: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 40m @ 3.26g/t Au from 106m. Halifax, Nova Scotia – August 14, 2017 – Erdene Res | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – August 14, 2017 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce additional assay results from the Company’s ongoing 2017 drill program at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. “We are very pleased to have this continued level of success in step-out drilling north of Midfield where we are starting to see a sizable system take shape under cover,” said Peter Akerley, Erdene’s President and CEO. “Although we are still in the early stages of defining Bayan Khundii’s true extent, we are consistently adding to the size potential of this newly discovered gold system. We envision a productive third and fourth quarter, as we continue to test newly discovered, high-grade mineralization encountered in Q2-Q3, as well as a series of geophysical and geochemical targets within the larger Bayan Khundii prospect area. This work will be completed in conjunction with our on-going regional, district-scale exploration program that includes continued drilling of our neighboring Altan Nar and Altan Arrow gold projects.” Five holes totalling 1,120 metres were completed north of the Midfield Zone, with four of those holes returning significant gold mineralization (see Table 1 below and attached plan map for hole locations). Consistent with other areas of Bayan Khundii, drilling results have revealed the presence of very high-grade gold veins, up to 89.6 g/t gold over 1 metre, within broad mineralized envelopes of lower grade mineralization ranging up to 71.6 metres of 1.56 g/t gold. | |
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