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Erdene Resource Development Corp T.ERD

Alternate Symbol(s):  ERDCF

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.


TSX:ERD - Post by User

Comment by aatwalon Apr 28, 2010 11:18pm
380 Views
Post# 17042471

RE: Annual Report Out

RE: Annual Report OutI am not concerned about ERD not getting the mining permits because they have been there for awhile and are doing everything by the book, and they have spent money as well!  The latest issues on Mog. has to do with some bad apples not following the rules and basically ruining it for everyone else!  The Zunn Mod will be grandfathered mining permit due to the government is not issuing any new explorations permits for new areas or to new companies that are just starting to explore for minerals there or are not following the rules IMO!  The market is overreacting to this news IMO...why would Mog. want to literally destory it's cash cow (bread and butter) by not allowing mining to take place in the country???  This is just political non sense to get some attention, and I am pretty sure the the so called ban on issuing new permits or licenses will be lifted soon enough!   Mog. understands that capital will move to other countries that are mining friendly, and this will decrease govn't revenues going forward!  Mining is the only industry they have there!!!
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