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Erdene Files 43-101 Bayan Khundii Mineral Resource Technical Report and Provides Exploration Update
HALIFAX, Nova Scotia, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce the filing o
About this update from Erdene Resource Development Corporation
[{"type":"text","content":" HALIFAX, Nova Scotia, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD) (\"Erdene\" or \"Company\"), is pleased to announce the filing on SEDAR of the National Instrument 43-101 technical report regarding the mineral resource estimate for its 100%-owned, high-grade Bayan Khundii gold deposit, one of two resource areas included in the Khundii Gold Project. The Company is also pleased to provide an update on recent technical and exploration activity on its licenses in southwest Mongolia. “The Khundii Gold Project, combining the Bayan Khundii and Altan Nar gold deposits, represents a compelling development opportunity given its high-grade, proximity to surface, and favorable metallurgy,” said Peter Akerley, Erdene’s President and CEO. “A Preliminary Economic Assessment study for the Khundii Gold Project is currently underway and scheduled for completion in the fourth quarter.” Mr. Akerley added, “While we are focused on progressing the Khundii Gold Project towards development, we are also continuing our regional exploration program, designed to expand current resources and discover new deposits in this newly discovered gold district. Results from our Altan Arrow and new Khundii North gold discoveries continue to provide encouraging results while the technical team is also active in evaluating both private acquisitions and those available through the recently re-launched Mongolian tender licensing system, all within our area of interest in southwest Mongolia.” Filing of Technical Report Erdene filed an independent technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for its 100%-owned Bayan Khundii gold deposit (“Bayan Khundii”) in southwest Mongolia. The technical report, titled “Bayan Khundii Gold Project, Bayankhongor Aimag, Southwest Mongolia, National Instrument 43-101 Mineral Resource Technical Report” and dated November 1, 2018 has been prepared by RPMGlobal Asia Limited, and is available on SEDAR (www.sedar.com) under Erdene’s issuer profile. A companion document for the additional mineral resources included within the Khundii Gold Project from the Altan Nar gold deposit is also available on Sedar “Altan Nar Gold Project, Bayankhongor Aimag, Southwest Mongolia, National Instrument 43-101 Mineral Resource Technical ...