Business
Erdene Announces Annual Meeting Webcast
HALIFAX, Nova Scotia, June 18, 2019 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to invite s
About this update from Erdene Resource Development Corporation
[{"type":"text","content":" HALIFAX, Nova Scotia, June 18, 2019 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (\"Erdene\" or the \"Company\") is pleased to invite shareholders and investors to meet its senior management and board of directors at its annual and special meeting (“Meeting”) to be held at Purdy's Wharf Tower II, 1969 Upper Water Street, Suite 1300, Halifax, Nova Scotia, on June 20, 2019 at 5:00 p.m. (Atlantic Time). The Meeting will be followed by a corporate presentation and a reception. Shareholders and investors that are unable to attend in person may participate via webcast, accessible from Erdene’s website www.erdene.com. The presentation will include highlights of the Company’s development and exploration initiatives including: Progress on the Khundii Gold Project Pre-Feasibility Study Recent drill results, including the intersection of 112 metres of 5.9 g/t gold Exploration potential in the broader Khundii Gold District “The past year has been one of the most productive in Erdene’s history,” said Peter Akerley, Erdene’s President and CEO. “We established the Khundii Gold Project as one of the highest-grade, open-pit gold projects globally, with an industry-leading projected return on investment for an advanced-stage project. We are advancing rapidly towards development, with the launch of the Pre-Feasibility Study in March.” “Our Khundii Gold Project is in an under-explored region of the one of the world’s great gold belts, where our technical team possesses unrivalled experience and knowledge of opportunities for further discovery,” continued Mr. Akerley. “We will look to build on recent drilling success to expand resources.” Review of the Khundii Gold Project Development Erdene’s deposits are located in the Edren Terrane, within the Central Asian Orogenic Belt, host to some of the world’s largest gold and copper-gold deposits. The Company has been the leader in exploration in southwest Mongolia over the past decade and is responsible for the discovery of the Khundii Gold District comprised of multiple high-grade gold and gold/base metal prospects, two of which are being considered for development: the 100%-owned Bayan Khundii and Altan Nar projects. Together, these deposits comprise the Khundii Gold Project. The Company delivered the Project’s maiden mineral resource estimate in Q3 2018 with a combined Mea...