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Erdene Resource Development Intersects 5.86 g/t Gold Over 27 Metres and 5.63 g/t Gold Over 30 Metres at Dark Horse Prospect
HALIFAX, Nova Scotia, July 27, 2021 (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, July 27, 2021 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to announce assay results from Q2 2021 drilling at the recently discovered Dark Horse prospect within its 100%-owned Khundii Mining License. Highlights Multiple holes intersected high-grade mineralization (≥1 g/t gold) along strike and down dip in the southern portion of Dark Horse Mane, 3.5 kilometres north of the Bayan Khundii Gold deposit: AAD-124 returned 27 metres of 5.86 g/t gold beginning 24 metres downhole, including 17.41 g/t gold over three metres, starting 28 metres downhole AAD-126 intersected 30 metres of 5.63 g/t gold, beginning 10 metres downhole, including 24.12 g/t over six metres, starting 26 metres downhole AAD-123 intercepted 30 metres of 2.86 g/t gold beginning 58 metres downhole, including 7.03 g/t gold over 11 metres, starting at 61 metres downhole 20 of 23 holes in current program intersected anomalous gold mineralization (≥0.1 g/t gold) This high-grade zone in the southern portion of Dark Horse Mane has a strike length of approximately 180 metres, along a 50 metre wide trend, that remains open at depth AAD-130 extended the zone of high-grade mineralization along strike an additional 65 metres south Quotes from the Company “These exceptional results of high-grade, near-surface oxide gold just 3.5 kilometres north of the Bayan Khundii gold deposit lend support for our mine development and demonstrate the prospectivity of the Khundii Gold District,” said Peter Akerley, Erdene’s President and CEO. “The southern portion of the Dark Horse Mane is associated with a much larger structural trend related to the most significant mineralization in the Bayan Khundii area.” “Exploration of the Khundii Gold District is continuing on multiple fronts with results pending for our maiden drilling of the Ulaan gold target, just 400 metres west of the Bayan Khundii gold deposit,” continued Mr. Akerley. “Our team will commence a detailed geophysical program in the coming weeks to define deeper targets along the entire 1.4 kilometre Dark Horse Mane zone for drill testing in Q3.” Summary of Drilling Results The recently completed Dark Horse Mane delineation drill program consisted of 23 shallow holes totaling 2,053 metres. Holes were spaced at 30 to 50 metres, targeting a...