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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 6/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-6-2016: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 8.3m @ 14.2g/t Au from 0.7m. Halifax, Nova Scotia – June 22, 2016 – Erdene Reso | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – June 22, 2016 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce drilling results from the Company’s recent high-grade discovery at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. Today’s results continue to expand the near-surface, high-grade gold zones recently identified at Bayan Khundii. Included with this release, for reference, are two plan maps. “Our Q2 exploration program has been a tremendous success, following up on our initial high-grade drill results announced in late 2015,” said Peter Akerley, President and CEO of Erdene. “We have confirmed continuity of the very high-grade Striker Zone, identified broad zones of gold mineralization at depth, and under post mineralization cover, and identified high priority targets through reconnaissance drilling and trenching. Following a period of review and interpretation we are planning to return to drilling in Q3.” Today’s results include the final five drill holes and six trenches from the Q2 exploration program designed to test areas around the periphery of the Bayan Khundii Main Zone and in the Northeast Zone 700 m to the northeast. | |
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