Erdene Resource Development Corporation
January 10, 2018
Erdene Drilling Intersects Multiple High-Grade Gold Zones Including Highest Grade Result to Date With 2,200 g/t Gold Over 1 Metre at Bayan Khundii Gold Project
HALIFAX, NOVA SCOTIA--(Marketwired - Jan. 10, 2018) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to report the highest-grade gold intersection encountered to date at its 100%-owned Bayan Khundii Gold Project ("Bayan Khundii") in southwest Mongolia.
"We are excited by this intersection, not only because of the ultra high-grade nature but by the continuity that continues to be demonstrated within multiple, high-grade gold domains within a broad lower-grade halo throughout this 1.4 kilometre long system," said Peter Akerley, Erdene's President and CEO. "The continuity of these high-grade gold bearing veins, that extend from surface and up to 150 metres vertically, provides an excellent base for advancing the project. These results clearly demonstrate the continued exploration upside potential of this relatively new gold discovery. They also support further detailed exploration targeting gold bearing structures not only within the Bayan Khundii deposit area but also within the larger district which we are confident will lead to additional discoveries."
HIGHLIGHTS
(see attached plan maps, cross-sections and drill core photograph for reference)
Drilling in the North Midfield Zone returns highest gold result to date, 2,200 g/t gold (70.7 oz/t) and 948 g/t silver (30.5 oz/t) over 1 metre (BKD-231).
Drilling in the North Midfield Zone, 65 metres north of BKD-231, returns 22 metres of 8.3 g/t gold, within 36.5 metres of 5.6 g/t gold (BKD-232).
Drilling within the Midfield Zone returns 25 metres of 5.8 g/t gold within a 127.5 metre interval of 1.8 g/t gold (BKD-230).
Structural interpretation by Dr. Armelle Kloppenburg provides greater understanding of controls on gold mineralization at Bayan Khundii and improves targeting of ultra high-grade zones and district-scale targets.
Additional results pending for Altan Arrow and Altan Nar gold projects.
