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Erdene Resource Development reports construction going well at Bayan Khundii Gold Project
(NewsDirect) Erdene Resource Development Corp CEO Peter Akerley joined Steve Darling from...
About this update from Erdene Resource Development Corporation
[{"type":"text","content":"Erdene Resource Development reports construction going well at Bayan Khundii Gold Project\n \n \n (NewsDirect)\n \n \n \n \n Erdene Resource Development Corp CEO Peter\nAkerley joined Steve Darling from Proactive to has provided an update\non the progress at the Bayan Khundii Gold Project, highlighting\nseveral significant milestones and accomplishments.\n \n \n The construction at the Bayan Khundii Gold\nProject is well underway, with early works and site establishment\nactivities nearing 80% completion. This includes the installation of\ntemporary facilities, aggregate production, construction of temporary\nsite roads, and the initiation of process plant civil works.\n \n \n Akerley mentioned that the project has\nsuccessfully ramped up its workforce, with approximately 330 employees\nand contractors on site as of September. This workforce expansion is\ncrucial for the efficient execution of the project.\n \n \n The remaining detailed design and shop\nfabrication drawings are progressing as scheduled, with substantial\ncompletion expected in the first quarter of 2024. This demonstrates\nthe project's adherence to its timeline.\n \n \n The CEO reported that long lead and\ncritical equipment orders are on track, and the first deliveries are\nscheduled for late Q4 2023. This ensures that the necessary equipment\nwill be in place to support the project's development.\n \n \n Erdene Resource Development Corp continues\nto fulfill its commitments to the community and stakeholders. This\nincludes repairing and upgrading approximately 30 kilometers of\noff-site roads and providing mine equipment operator training to\nresidents of Bayankhongor province, with a significant portion of\ntrainees securing full-time operator employment.\n \n \n The company has also made progress with\nits gold exploration program at the Greater Dark Horse prospect.\nDrilling has intersected anomalous gold and/or indicator elements in\n16 of 18 holes, showcasing the prospect's mineralization\npotential.\n \n \n Additionally, an IP survey covering a\n9-square-kilometer area has identified several targets for further\nexploration. A trenching program near the surface has returned\nanomalous mineralization in multiple areas, highlighting the\nprospect's prospects for future development.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Investors\n \n \n +1 604-6...