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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 5/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-5-2018: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 18m @ 21.6g/t Au from 152.0m. Halifax, Nova Scotia – May 8, 2018 - Erdene Resour | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – May 8, 2018 - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to report results for the first series of drill holes from its Q2-2018 drill program at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia. “Our initial phase of 2018 drilling in the Midfield North Zone was very successful in extending the gold mineralized zone, improving the continuity of the ultra high-grade mineralization and increasing our understanding of the controlling structures and associated feeder zones,” said Peter Akerley, Erdene’s President and CEO. “We are continuing to target extensions to high-grade zones in other areas of Bayan Khundii, and following this program will drill test more distal targets at our neighboring Altan Arrow, Khundii North and new Ulaan project.” The Company’s Q2-2018 drill program, which commenced on April 11, 2018, is designed to test high priority structural targets, principally within the North Midfield and Midfield zones, complete closer-spaced drilling within the Striker, West Striker, Midfield, and North Midfield zones, and to test select areas within the larger 1.4 kilometre trend that demonstrate good potential for establishing additional extensions to gold mineralized zones. Today’s results are for the first six holes (BKD-235 to BKD-240), totalling 1,423 metres, which were completed at the North Midfield Zone. Holes BKD-235 to BKD-238 were drilled to test continuity and potential extensions of the high-grade mineralization in the North Midfield target area. Hole BKD-236 was also drilled to test the interpreted controlling structure on the western boundary of the gold mineralization and a sub-set of gold-bearing, north-south trending veins, approximately perpendicular to the main trend of mineralization (azimuth of 108 degrees). Holes BKD-239 and BKD-240 were step-out holes, located near previously completed hole BKD-232 (Q1-2018) that returned 36.6 metres of 5.6 g/t gold. | |
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