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 cupricityon Feb 01, 2011 10:02am

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Post# 18054270

Delayed PFS

Keep in mind this isn't your typical PFS. There are 15 employees on site. They have built haul roads, drained 2 kilometers of previously built tunnels, and are doing a marketing study to obtain the best price. There are a lot of details and ERD is not in the drivers seat. XSTRATAs share price is not tied very heavily to a go or no go decision, or a late release.
Anyhow the latest drill results are phenomenal. Zuun Mod just keeps getting better. Now we have a resource increase coming.

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