Announcement Date: 2022-10-25
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. 20m at 10.44g/t Au0
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 results from Q3 2022 drilling in areas of high-grade near-surface mineralization at the 100% owned Bayan Khundii Gold Deposit within the Khundii Gold District (the “District”) in southwest Mongolia. Quotes from the Company “These results demonstrate the exceptionally high gold grades present in the areas targeted for the first phase of the Bayan Khundii development,” said Peter Akerley, Erdene’s President, and CEO. “This drill program confirmed and locally extended the near surface, high gold grades identified at the Midfield Southeast and Striker South zones since the delivery of the economic pit design for the feasibility study. The program also collected ore for gravity processing test work. Preliminary studies concluded that gravity processing compliments the Bayan Khundii CIP plant, bringing forward cash flow and reducing operating costs.” “Our team is also completing exploration and processing test work at the recent Dark Horse and Ulaan discoveries
Read More

Pricing Plans

We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.

Standard

$ 10
Per Month

Stay up to date with the global mining industry.

  • The Opaxe Review
  • Search using Explore
  • 37,000 company announcements

Premium

$ 100
Per Month

Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders

  • All Essential plan features; plus
  • Announcement Alerts and Notifications
  • Drilling result comparisons
  • Downloadable intercept data
  • Resources and reserves data