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Erdene Confirms Three New Near-surface, High-Grade Gold Zones at Khundii Gold Project
Highlights: Q2 2020 exploration program returned outstanding results with near-surface, high-grade gold intersections in all targeted areas; Midfield SE, Strike
About this update from Erdene Resource Development Corporation
[{"type":"text","content":" Highlights: Q2 2020 exploration program returned outstanding results with near-surface, high-grade gold intersections in all targeted areas; Midfield SE, Striker SW and Dark Horse Intersected anomalous gold in all 11 holes in a 100m x 50m area, within 25 metres of surface at Striker SW ♦ BKD-292 intersected 15 metres of 29 g/t gold beginning 0.9 metres from drill collar, including one metre of 353 g/t gold Along with recent results from the new Midfield SE zone, drilling has expanded gold mineralization in areas of the Bayan Khundii resource currently classified mainly as sub-grade material Discovery of high-grade zones in trenches confirms the Dark Horse prospect as the best on-license target since the discovery of Bayan Khundii Multiple highly prospective targets to be drilled as part of Q3 2020 exploration program HALIFAX, Nova Scotia, July 15, 2020 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce drilling results from the Striker Southwest zone and exploration results for the new Dark Horse gold prospect, discovered 3.5 km north of the Bayan Khundii gold deposit, on the Company’s 100%-owned Bayan Khundii Gold Project (“Project”). “The results from our Q2 2020 exploration program are outstanding, with near-surface, high-grade gold intersections in all the areas targeted,” said Peter Akerley, Erdene’s President and CEO. “Today’s results, combined with those announced recently for the new Midfield SE zone, give us three distinct new high-grade zones to target additional exploration drilling within the Bayan Khundii gold district in Q3 2020.”“At Striker SW, we intersected one metre grading 353 g/t gold within 15 metres of 29 g/t gold in an area near the periphery of the Bayan Khundii resource. Along with the results from the new Midfield SE zone announced last week, including one metre of 582 g/t gold within an intersection of 5.5 metres grading 126 g/t gold, we have expanded mineralization in areas of the Bayan Khundii resource currently classified mainly as sub-grade. We expect to incorporate these results, along with those from the planned Q3 program in an updated resource at Bayan Khundii later this year,” said Mr. Akerley.“The discovery of high-grade gold in trenches at Dark Horse reinforces our belief that this pros...