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Erdene Resource Development Corp.
Summary
| Project: | Bayan Khundii | |
|---|---|---|
| Deposit: | Midfield | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 5/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-5-2017: Erdene Resource Development Corp. announces an Exploration/Drilling Update report for its Midfield deposit at the Bayan Khundii project. Drilling results incl. 131.5m @ 3.86g/t Au from 39m. Erdene Resource Development Corp. (TSX:ERD) ("Erdene" o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael MacDonald (Internal) | |
| ABSTRACT: | Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce initial results from the Company’s 2017 drill program at its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia, and to announce changes to its management team in Mongolia. Since the beginning of the 2017 program, drilling at Bayan Khundii has been focused in the area between, as well as west of, the Midfield and Striker zones, with 11 drill holes completed and three additional hole extensions. The Company has also commenced drilling with a second drill rig at its Altan Nar goldpolymetallic project, 16 kilometres northwest of Bayan Khundii, where three holes have been completed targeting the high-grade gold zone intersected in Q4-2016 within the Discovery Zone (hole TND-101). Results reported today are from the first six new holes at Bayan Khundii including: two holes drilled within Midfield; two holes testing the down-dip extension of Midfield towards the Striker Zone; one west of Midfield and one hole testing a geophysical target outside of the main northeast trend. As shown in the attached plan map and cross-section, the five holes completed within the Striker-Midfield area (BKD-98 to BKD-102) were drilled on 20 to 40-metre centers and with a dip between -45 to -55 degrees oriented towards the north-northeast to intersect the mineralized zones approximately perpendicular to their interpreted orientation (dipping approximately 45 degrees to the southwest). The reconnaissance hole was drilled at -85 degrees to the north. | |
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