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Erdene Resource Development Corp T.ERD

Alternate Symbol(s):  ERDCF

Erdene Resource Development Corporation is a Canada-based resource company. The Company is focused on the acquisition, exploration, and development of precious and base metals in Mongolia. Its principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other projects include Altan Nar Gold Project, Dark Horse, Ulaan, Zuun Mod, and Khuvyn Khar. The Bayan Khundii Gold Project is located in Bayankhongor province in Mongolia and is comprised of the 2,309 hectares (ha) Khundii mining license. The Altan Nar Gold Project is located in Bayankhongor province in Mongolia, approximately 16 kilometers (km) north of its Bayan Khundii Gold Project. Dark Horse (Khar Mori) gold prospect is situated on the Bayan Khundii license, about three km north of the Bayan Khundii project. The Ulaan exploration license covers an area of approximately 1,780 ha, immediately west of the Khundii mining license. The Zuun Mod property is located in Bayankhongor province.


TSX:ERD - Post by User

Comment by minefolloweron Aug 11, 2021 11:40am
299 Views
Post# 33684951

RE:even more positive news . .

RE:even more positive news . . These are encouraging results, but they are on the extreme southeastern border of the licence. Unless they can get Erdene Alt LLC (EA), who own the licence between Ulaan and BK, it would be impossible to develop a pit where these results come from. The release does indicate a working relationhship between the companies, but we'll have to wait and see how this is formalized. It will be in the best interests of both companies to work together, but given EA is a govenment owned company, it likely won't be a simple process to formalize an agreement.
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