Erdene Resource Development Corp T.ERD

Alternate Symbol(s): ERDCF

Metals & Mining Industrial Metals & Minerals

Erdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration and development of precious and base metals in underexplored and highly prospective Mongolia. It has interests in three mining licenses and an exploration license in Southwest Mongolia. Its projects include Khundii Minerals District, Bayan Khundii Gold Project, Altan Nar, Greater Dark Horse, Ulaan, Zuun Mod and Khuvyn Khar. Its projects are located in the eastern portion of the Central Asian Orogenic belt. The Bayan Khundii mining license covers 2,309 hectares and, in addition to the Bayan Khundii high-grade gold deposit, includes its highly prospective 20 square kilometers greater Dark Horse prospect area, including the Dark Horse Mane high-grade gold discovery. The Zuun Mod Molybdenum-Copper Project is a porphyry molybdenum-copper deposit. The Altan Nar mining license covers 4,669 hectares. The central and northern portion of the Ulaan license hosts a porphyry copper prospect.

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Erdene Resource Development Corp

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Post by aatwalon Apr 15, 2010 1:54pm

451 Views

Post# 16996126

HOLDING WELL!

THE DOWNSIDE IS VERY LIMITED HERE WITH ALOT OF SUPPORT SHOWING UP ON LEVEL 2! IT SEEMS LIKE ERD WANTS TO MOVE HIGHER, AND THIS SHOULD BE DOWN FAIRLY SOON AFTER IT CONSOLIDATES HERE FOR A BIT. THE TREND IS UP AND WE COULD CLIMB MUCH HIGHER THAN 1.00 IMO!

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Changing Europe’s dependency on HREE from China