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Erdene Intersects 23 Metres of 17 g/t Gold at Altan Nar and Expands New Khar Mori Gold Prospect on Khundii License
HALIFAX, Nova Scotia, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to report r
About this update from Erdene Resource Development Corporation
[{"type":"text","content":" HALIFAX, Nova Scotia, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (\"Erdene\" or the \"Company\") is pleased to report results from the Q4-2019 exploration program on its Altan Nar, Khundii and Ulaan licenses. “We are very encouraged by the results of the December 2019 drilling at Altan Nar which returned multiple shallow intersections in excess of 50 g/t gold,” said Peter Akerley, Erdene’s President and CEO. “These results expand the high-grade core of the Discovery Zone deposit and open up new areas for future drilling that should positively impact Altan Nar resources.” “These results, combined with the expansion of the new Khar Mori gold prospect area and the extension of gold mineralization south of Bayan Khundii in Q3-2019, continue to demonstrate the prospectivety of Erdene’s Khundii Gold District,” stated Mr. Akerley. “We are maintaining a dual focus on advancing our high-grade, open-pit, 60,000 ounce per year Bayan Khundii Gold Project to production, while drilling targets on adjacent prospects to grow our resource base.” Highlights [see attached figures for reference]: Altan Nar (Gold-Polymetallic Resource): Drilling expands high-grade core of the Discovery Zone: 45.7 g/t gold, 93.4 g/t silver, 1.54% lead and 3.40% zinc over 7 metres beginning at ~ 70 metres vertical depth, within 23 metres grading 17 g/t gold (TND-135) 12.2 g/t gold over 10 metres (TND-134) including 2 metres of 52.9 g/t gold confirming high- grade gold mineralization south of the “Gap Zone” 10 metres of 4.68g/t (TND-138) confirming high-grade gold mineralization north of the “Gap Zone” TND-136 confirms continuity of mineralization now open to the south Khar Mori (Gold): Rock chip samples of 87.8 g/t gold, 18.2 g/t gold, 15.3 g/t gold and 12.1 g/t gold near the 32.9 g/t gold rock chip collected in early Q4-2019 Geochemical sampling and mapping expand prospect area to 1.5km X 2km Ulaan (Copper-Gold): Gold bearing tourmaline breccia pipe intersected Q42019 Exploration Program SummaryAs the Bayan Khundii gold deposit advances through studies and permitting, the exploration team shifted focus in late 2019 to expanding resources throughout the District with follow up work on three priority targets: Altan Nar (Golden Sun), Khar Mori (Dark Horse) and the area surrounding the Bayan Khundii (Rich Valley) Deposit...