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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 10/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2016: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 116m @ 2.01g/t Au from 0m. Halifax, Nova Scotia – October 4, 2016 – Erdene Reso | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – October 4, 2016 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce results from the first seven holes of its originally planned 5,000 metre drill program at its 100%-owned, high-grade Bayan Khundii gold project (“Bayan Khundii”) in southwest Mongolia. In addition, the Company announces an expanded drill program with a total of 9,000 metres now anticipated to be completed in Q3-Q4 at Bayan Khundii and at the Company’s neighboring, 100%-owned Altan Nar and Altan Arrow gold projects. Included with this release, for reference, are two plan maps and a cross-section showing project locations, the position of today’s drill holes, as well as areas where drill results are pending. “Bayan Khundii continues to deliver exceptional, near-surface gold grades over wide intervals and today’s results increase our confidence in the continuity of these gold zones and the broad extent of the lower-grade mineralization,” said Peter Akerley, Erdene’s President and CEO. “As the drill program advances we will be testing multiple targets outside of the known mineralized area, predominantly under younger cover rocks, to better establish the size potential of the Bayan Khundii gold system.” | |
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