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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Bayan Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 6/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-6-2017: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Bayan Khundii deposit at the Bayan Khundii project. Drilling results incl. 108.3m @ 2.82g/t Au from 97.7m. Halifax, Nova Scotia – June 8, 2017 – Erdene Res | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia – June 8, 2017 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to provide additional assay results from the Company’s on-going 2017 drill program at its 100% owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia where two drill rigs are currently operational. The drill holes discussed today include three holes completed north of the Midfield Zone (BKD-110 to - 112), five holes drilled east of the Midfield Zone (BKD-113 to -117), one hole completed east of the Striker Zone (BKD-118), three holes completed south of the Striker Zone (BKD-119. -128 and -129), and four holes completed in the Northeast Zone (BKD-120 to -123). A plan map has been attached for reference. The initial Q2-Q3 2017 exploration program at Bayan Khundii, which commenced in mid April, will include a projected 20,000 metres of diamond drilling, designed to initially expand areas of gold mineralization surrounding the Gold Hill, Striker and Midfield zones, and to identify new zones elsewhere within the larger 2-kilometre by 1.8-kilometre Bayan Khundii project area. Once complete, any new or expanded zones will receive more detailed drilling to increase confidence in advance of an eventual resource estimate. One drill rig is continuing with the exploration program while the second drill rig is dedicated to the closer-spaced resource delineation program. | |
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