Business
Erdene Resource Development Corp. Appoints New CFO
HALIFAX, Nova Scotia, May 02, 2019 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce
About this update from Erdene Resource Development Corporation
[{"type":"text","content":" HALIFAX, Nova Scotia, May 02, 2019 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (\"Erdene\" or the \"Company\") is pleased to announce the appointment of Robert Jenkins as its Chief Financial Officer (“CFO”), effective May 1, 2019. Robert’s appointment coincides with the retirement of Kenneth MacDonald, who has served as Erdene’s CFO since inception. Mr. Jenkins is a Chartered Professional Accountant with over 15 years financial management experience. He joined Erdene as Vice President Business Strategy in 2018, with responsibility for strategic and financial planning. Bob began his career with Deloitte LLP and from 2010 to 2017 he held a series of progressive finance roles with Brookfield Asset Management. “On behalf of the Board of Directors, I would like to thank Ken for his enormous contributions to Erdene,” stated Peter Akerley, Erdene’s President and CEO. “Ken has worked with the Company since its inception and has been instrumental in the development of the Company from grassroots explorer through to the discovery of the high-grade Khundii Gold District in southwest Mongolia.” “Bob has been an excellent addition to the Erdene team and I am pleased to welcome him to Erdene’s executive management,” continued Mr. Akerley. “His extensive finance and management experience will be of significant value to Erdene as the Company develops its flagship Khundii Gold Project.” Review of 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 “Project”). The Company delivered the Project’s maiden mineral resource estimate in Q3 2018 with a Measured and Indicated (“M&I”) resource of 751,000 ounces (“oz”) gold at an average grade of 2.3 g/t gold and an Inferred resource of 291,000 oz gold at an average grade of 1.8 g/t gold (cut-off grade of 0.7 g/t gold). This was followed by a Nation...