Erdene Provides Updates on Exploration at the Dark Horse Gold Prospect and Bayan Khundii Gold Project globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
HALIFAX, Nova Scotia, March 15, 2021 (GLOBE NEWSWIRE)
Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce operating and financial results for the year ended December 31, 2020 and to provide an update on its Bayan Khundii Gold Project (“Bayan Khundii” or “BK”). This release should be read in conjunction with the Company’s 2020 Financial Statements and MD&A, available on the Company’s website or SEDAR.
Quotes from the Company:
“Despite the impact of COVID-19 on the global economy over the past year, our Company made significant progress executing on our two-pronged strategy of advancing the Bayan Khundii Gold Project towards development while expanding high-grade gold resources in our Khundii Gold District,” said Peter Akerley, Erdene’s President and CEO.
Erdene Announces New Gold Discovery 3.5 km North of the Bayan Khundii Gold Deposit
Erdene Resource Development Corporation is pleased to provide exploration drilling results from its Dark Horse gold prospect. Highlights 1 : New high-grade, shallow, gold discovery hosted in a 4 kilometre long structure in the western portion of Dark Horse demonstrates potential for significant gold discoveries near the Bayan Khundii deposit: ° AAD-58 returned 45 metres of 5.97 gt gold beginning at 10 metres …
Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to provide exploration drilling results from its Dark Horse gold prospect. Highlights : New high-grade, shallow, gold discovery hosted in a 4 kilometre long structure in the western portion of Dark Horse demonstrates potential for significant gold discoveries near the Bayan Khundii deposit:
Erdene shares up on new discovery in Mongolia
The New Khundii Gold project. Image from Erdene.
Erdene Resource Development (TSX:ERD) announced on Wednesday a new gold discovery 3.5 km north of its Bayan Khundii project in Mongolia.
According to the company, drilling highlights include hole AAD-58 that returned 45 metres of 5.97 g/t gold beginning at 10 metres down-hole, including 1 metre of 82.5 g/t gold within 8 metres of 27.1 g/t gold.
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The Bayan Khundii gold resource includes 521,000 ounces of 3.16 g/t gold measured and indicated and 103,000 ounces of inferred resources at 3.68 g/t gold.
Erdene Resource Development Corp. is pleased to announce the acquisition of a 100% interest in the Ulaan exploration license, adjacent to its Bayan Khundii Gold deposit, with the purchase of the remaining 49% interest in Leader Exploration LLC, a private Mongolian company. Quotes f rom the Company: “Erdene is the leading explorer of epithermal and porphyry mineral deposits in the under-explored western Mongolian …
Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (” Erdene ” or the “Company”) is pleased to announce the acquisition of a 100% interest in the Ulaan exploration license, adjacent to its Bayan Khundii Gold deposit, with the purchase of the remaining 49% interest in Leader Exploration LLC, a private Mongolian company.