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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 11/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-11-2019: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 48m @ 1.89g/t Au from 142m. Erdene Resource Development Corporation (TSX:ERD | | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Dalton (Internal) | |
| ABSTRACT: | Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to provide results from the second phase of the 2019 gold exploration program, and to announce the commencement of the Q4 2019 drill program at its 100%-owned Khundii Gold Project. “Our exploration results, including the successful step-out drilling at the Bayan Khundii (“BK”) deposit and the new Khar Mori (Dark Horse) discovery on the Khundii Mining Licence continue to demonstrate the potential of the Khundii Gold District,” said Peter Akerley, Erdene’s President and CEO. “First identified in 2015 by Erdene, the pace of discoveries is a testament to the virgin nature of this fertile district. These new prospects provide significant opportunities to grow resources at our high grade, open-pit development.” “The final 2019 exploration program, focused on following up on the Khar Mori discovery, drilling on the Ulaan license and completing geotechnical and metallurgical drilling will kick-off this week,” continued Mr. Akerley. “Erdene is targeting first gold production in 2021 as a first step in our journey to becoming a major regional gold producer. The Khundii Gold District provides the potential for significant growth through continued exploration and acquisition.” | |
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