Announcement Date: 2022-07-26
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. 89m @ 1.4g/t Au from 248m
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 final results from the Q2 2022 drill program at Ulaan Southeast (“Ulaan SE”), located 300 metres west of the construction ready Bayan Khundii Gold Project in southwest Mongolia. This program expanded known mineralization at the Ulaan SE discovery to the west and at depth, and intersected an interpreted high-grade, gold bearing “feeder” structure. Follow-up exploration at Ulaan SE is currently underway. Six new holes, as well as five hole-extensions, totaling 2,463.7 metres, were completed as part of the Q2 2022 Ulaan SE drilling program. Results are summarized below in Table 1. Results for the final two holes in the program, UDH-52 and UDH-53, are newly reported; all other results were reported on June 6, 2022.
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