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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

Post by cupricityon May 30, 2016 1:04pm
406 Views
Post# 24916313

Striker Zone

Striker ZoneI get 250,000 ounces of gold out of it as well, but maybe 500-600,000oz with what we have in the BK area.    Added to the 250-400 in AN we are comfortably a million ounce company right now.  There is a high likelihood that we will be much more than that as we haven't looked at anything at depth right now.  If we say 3-4 million OZ for BK and AN, which is a total guess (of course who could have thought we would hit 60 meters of 5.4gpt) the picture I get is that there is a very geologically active area here that is hosting some very economic  deposits.  Sometimes the prospect of higher prices will bring in people more than the actual news, and we saw that with the sell the news last week.  Time will tell.  Fun to watch, if not fun to see the account fluctuate.
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