Announcement Date: 2022-06-06
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Erdene Resource Development Corp.
Project name: Khundii
Location: Mongolia
Commodities: Gold
Highlight: Drilling results incl. 41m @ 8.1g/t Au from 187m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to announce initial results from the first phase of its 2022 drill program at Ulaan Southeast (“Ulaan SE”), located 300 metres west of the Bayan Khundii Gold deposit in southwest Mongolia. The objective of this phase of the program has been met with the confirmation of continuity of an interpreted high-grade gold bearing “feeder” structure at the northern end of the Ulaan SE discovery, and expansion of the discovery to the west and at depth. Six new holes, as well as five hole-extensions, totaling 2,463.7 metres, were completed as part of this Ulaan SE drilling program. The drilling results reported within this press release are from four of the six new holes and the five hole-extensions. Results are summarized below in Table 1. Results for the final two holes (UDH-52 and UDH-53) in the Ulaan SE program are pending.
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