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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 11/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-11-2016: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 88m @ 1.47g/t Au from 44m. Halifax, Nova Scotia – November 17, 2016 – Erdene R | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – November 17, 2016 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to report the third batch of drill results from its Q3/Q4 drill campaign at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. “Bayan Khundii continues to provide results supporting the emergence of a high quality gold discovery with all of those attributes desired to drive success. These include very high grades, wide zones of gold mineralization supporting bulk tonnage potential, a gold system that is open in all directions supporting significant size potential, ease of processing supported by early metallurgical work, and mineralized zones exposed at surface plunging at an orientation ideal for eventual open pit operations,” said Peter Akerley, Erdene’s President and CEO. “We look forward with excitement to the additional drilling and results expected in the coming weeks and months as we explore below the high-grade zone at Striker, step out into the basin north of Striker, and explore the greater district potential.” Since September 5, 2016, 42 diamond drill holes, totaling 5,243 m, have been completed at Bayan Khundii. This brings total drilling at Bayan Khundii, since discovery drilling in Q4-2015, to 9,784 m (87 holes; average drill depth of 87.4 m). Today’s release includes results for 13 holes; BKD-62 through BKD-74. Results are pending for holes BKD-75 to BKD-87. The following is a summary of the results being reported today. | |
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