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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 MikPreciouson Feb 11, 2020 9:10am
340 Views
Post# 30672914

RE:Just the beginning

RE:Just the beginningI agree with you totally.  Just chatted with Erdene. They are extremely excited with these results.  Also the loan that was done for $5million by the reputable company is going to to be the lead funding for the project construction which is awesome.  This has strong legs as management is not going to make the same mistake twice. They want this to go through with offtake and other asset is showing amazing results.   I don't think it will be long before we see it in the 40s soon. 
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