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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 12/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2017: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 61m @ 4.22g/t Au from 54m. Halifax, Nova Scotia – Dec 6, 2017 – Erdene Resource | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – Dec 6, 2017 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce additional assay results from the Company’s on-going 2017 exploration program at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. “Our Bayan Khundii drilling program continues to support the presence of multiple, near-surface, very highgrade zones outside of the main Midfield and Striker Zones,” commented Peter Akerley, Erdene’s President and CEO. “Results reported today include many intervals with ounce to multi-ounce gold intersections, including some in areas not previously identified as high-grade such as North of Midfield, West of Striker and near-surface between Midfield and Striker. Additionally, closer spaced drilling within the Striker and the Striker-Midfield areas continues to deliver excellent results, confirming strong continuity of these very highgrade gold domains. This, coupled with recently completed Q4 drilling results at our neighboring Altan Nar project, and recent high-grade sampling results north of Bayan Khundii, display the tremendous upside potential of this new district.” Ten holes (BKD-219 to BKD-228), totalling 1,666 metres, were completed at the Bayan Khundii project in November and are included in this update. Three holes were completed west of the Striker Zone (BKD-219 to BKD-221), one hole between the Striker and Midfield Zones (BKD-222), four shallow holes in the Gold Hill Zone (BKD-223 to BKD-226), one hole in the Striker Zone (BKD-227) and one hole to the north of the Midfield Zone (BKD-228). Table 1 below includes drill result highlights of these ten holes, followed by a description of results. For reference see the attached plan maps (links provided below). | |
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