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Erdene Resource Development Provides Updates on Exploration at the Dark Horse Gold Prospect and Bayan Khundii Gold Project
HALIFAX, Nova Scotia, April 08, 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, April 08, 2021 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to provide an update on exploration at the new Dark Horse gold prospect as well as announcing the launch of an Employment Orientation program and advise on the current COVID-19 situation in Mongolia. Highlights1(See the attached maps and images for reference): Drilled nine scout holes totalling 1,900 metres in February 2021 to define the extent of the delineation program at the main Dark Horse Prospect Holes AAD-65 to AAD-67, in the northern half of the target, intersected broad zones of alteration, establishing continuity and supporting further drilling: AAD-65 returned 7 metres of 1.15 g/t gold beginning 113 metres downhole AAD-66 returned 14 metres of 1.31 g/t gold beginning 53 metres downhole, as well as 20 metres of 1.74 g/t gold, beginning 112 metres downhole AAD-67 returned 6 metres of 0.32 g/t gold beginning 110 metres downhole Holes AAD-68 to AAD-73, testing areas peripheral to the north-south structure intersected gold and/or pathfinder elements: AAD-68 returned 2 metres of 1.41 g/t gold beginning 192 metres downhole AAD-70 returned 2 metres of 4.24 g/t gold beginning 64 metres downhole Commenced 3,000 metre delineation drilling program in late March Delineation drilling will utilize 100-metre fence spacing along the main trend Approximately 600 metres will target the southern extension of the trend (including the area around AAD-58, which intersected 45m of 6 g/t gold) Results are pending for ~1,100 metres of core, currently at the lab Completed geophysical modelling, surface sampling, spectral analysis and other work over a 4 by 3 kilometre area in advance of further exploration Studies continue to improve Erdene’s understanding of the mineralization in the greater Dark Horse area Launched an Employment Orientation program at the Bayan Khundii Project camp for local community members Two cohorts of 36 received training from Erdene’s HSEC team Further 140 residents are registered for upcoming sessions Bayankhongor province registered its first COVID-19 infection on March 24 Provincial government has introduced precautionary measures in response Erdene provided relief funding to the Provincial Emergency Commission Dark Horse drilling continues with appropriate COV...