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Erdene Resource Development Provides Update on Dark Horse Gold Prospect Exploration Program: Commences Follow-up Drilling
HALIFAX, Nova Scotia, June 15, 2021 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to p
About this update from Erdene Resource Development Corporation
[{"type":"text","content":" HALIFAX, Nova Scotia, June 15, 2021 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to provide an update on the Dark Horse gold prospect including reporting of remaining assay results from its Q2 2021 drill program. Dark Horse, a recent near-surface gold discovery, is located 3.5 kilometres north of the Company’s flagship Bayan Khundii project. The Q2 2021 drilling program consisted of 37 drill holes totaling 3,757 metres, including 27 drill holes totaling 2,610 metres reported herein. The Company is also pleased to announce the commencement of a 3,000 metre follow-up drill program at the Dark Horse gold prospect. Quotes from the Company: “Our exploration efforts, including the results reported today, continue to validate the scale of the new Dark Horse Discovery,” said Peter Akerley, Erdene’s President and CEO. “Over the past several months we have confirmed high-grade, near-surface, oxide gold zones in the southern portion of Dark Horse Mane, broad areas of low-grade material along the northern trend of this zone and multiple zones of high-grade gold along the northeast intersecting structures, while improving our understanding of the geologic and structural setting of this large target area.” “These results have been incorporated into targeting for an additional 3,000 metre drill program now underway,” continued Mr. Akerley. “This drill program is focused on two objectives – delineating near-surface resources at Dark Horse Mane that have the potential to be incorporated rapidly into the Bayan Khundii Gold Mine development and testing highly prospective targets in the broader twelve square kilometre prospect area. We remain in the early stages of understanding the full potential of this exciting target with future exploration drilling shifting to both deeper targets and targeting structural corridors.” Highlights1(See the attached maps for reference): Drilling at the northern portion of Dark Horse Mane confirmed continuity of broad, near-surface (within 100 metres depth) zones of lower grade gold: The most intense zones of alteration and mineralization were intersected in holes AAD-89, AAD-95 and AAD-98, which intercepted multiple gold bearing zones; These holes are located within a 300 metre N-S zone, centred around a magnetic low feature tested by AAD-6...