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Erdene Resource Development Corp.
Summary
| Project: | Khundii | |
|---|---|---|
| Deposit: | Khundii | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 5/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-5-2019: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Khundii deposit at the Khundii project. Drilling results incl. 112.0m @ 5.9g/t Au from 13.0m. Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erde | |
| Resources: | (Resource, M+I): 10.1Mt @ 2.7g/t AuEq | |
| CP/QP: | [Overall Report]: Igor Bojanic (RPMGlobal Ltd.) | |
| ABSTRACT: | Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the results of the Q2 2019 drill program at its 100%-owned Khundii Gold Project (“Khundii Project”). This 1,800 metre program was conducted in April 2019 to increase confidence in the resource, confirm ultra-high gold grades and expand Bayan Khundii mineralization in support of the recently launched Pre-Feasibility Study (“PFS”) led by Tetra Tech, Inc., a global engineering firm. “Results from this drill program, including the intersection of 112 metres grading 5.9 g/t gold at Midfield, are amongst the strongest we’ve encountered and confirm the continuity of high-grade mineralization from near surface in the heart of the Bayan Khundii deposit,”said Peter Akerley, Erdene’s President and CEO. “Additionally, the discovery of high-grade gold in a previously untested area of the deposit is very encouraging for future exploration.” “These results confirm the exceptional high grades associated with this near-surface deposit and demonstrate the potential for pit and resource expansion,” continued Mr. Akerley. “These results will be incorporated into the mineral reserve estimation workstream of the PFS and will also assist in planning the next phase of our 2019 exploration drilling program in the vicinity of the deposit and in prospective areas within the Khundii District.” | |
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