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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 Sep 14, 2020 12:36am
851 Views
Post# 31551117

RE:RE:ERD Commences 18,000 Metre Drill Program at the Khundii Gold

RE:RE:ERD Commences 18,000 Metre Drill Program at the Khundii GoldSpoke to management. the have a key plan in place. Some drill results coming soon.  Also majority of this funding is going to to be utilised as the equity portion for the production of the mine.  They are shopping now to take the best opportunities soon for the best deal that can offer for the rest of the financing.  They have support of ERBD and Sprott now.  This should be over a dollar i believe by year end.  Their wheels are in motion and dark horse will be there huge surprise upswing drill results as sampling has already shown once this could be a huge gold deposit.  Lets not forget Altan Nar drills as well.   There is so much upswing in all directions.  Sprott is not dumb to invest so much for a few pennies. Even though the stock has pulled down a bit in the long run this shoot up well with fundamentals and proper management. 
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