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Erdene Resource Development Intercepts 123.5 g/t Gold Over 5 Metres Within 15 Metres of 42.8 g/t Gold at Dark Horse Gold Prospect
HALIFAX, Nova Scotia, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to
About this update from Erdene Resource Development Corporation
[{"type":"text","content":" HALIFAX, Nova Scotia, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to provide an update on recent exploration at the Dark Horse prospect, located 2.4 kilometres north of its construction-ready Bayan Khundii Gold Project. Highlights Extended Dark Horse Mane mineralization 100 metres south Prospect remains open to the north, south and at depth Intersected highest grade mineralization at Dark Horse to date, beginning near surface AAD-176: 18 metres of 6.4 g/t gold beginning at surface Includes 4 metres of 25.2 g/t gold AAD-177: 23 metres of 11.4 g/t gold beginning 1 metre downhole Includes 4 metres of 59.8 g/t gold within 8 metres of 32.2 g/t gold AAD-178: 15 metres of 42.8 g/t gold beginning 11 metres downhole Includes 3 metres of 160.4 g/t gold within 5 metres of 123.5 g/t gold Two holes returned intervals over 100 g/t gold (up to 195 g/t gold) Highlights potential for near-surface, high-grade oxide gold mineralization across Khundii District Multiple targets with similar signatures on Erdene’s Khundii, Ulaan and Altan Nar licenses Quotes from the Company “Today’s results include the highest grade intersections at Dark Horse to date and confirm extension of this extremely high grade gold oxide zone,” said Peter Akerley, Erdene’s President and CEO. “This expanding, near-surface zone should enhance near term cash flow of our Bayan Khundii Gold Project and supports increased exploration for oxide gold targets along trend and throughout our Khundii Gold District.” “Work is underway to assess the financial and technical impact of this mineralization on our adjacent, construction ready Bayan Khundii Gold Project,” continued Mr. Akerley. “Our 2022 exploration program is under development, with follow-up drilling planned in late Q1 to continue our efforts to demonstrate a multimillion-ounce gold district.” Summary of Drill Results This most recent Dark Horse drill program, completed in December 2021, was designed to test near-surface, oxide gold mineralization south and north (along strike) of previous drilling along the Dark Horse Mane structure. The program consisted of 23 holes, and one hole-extension, totaling 1,586 metres. Average hole length was 66 metres, representing an average vertical depth of 47 metres. The drilling program was suc...