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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 minefolloweron Aug 11, 2021 11:40am
341 Views
Post# 33684951

RE:even more positive news . .

RE:even more positive news . . These are encouraging results, but they are on the extreme southeastern border of the licence. Unless they can get Erdene Alt LLC (EA), who own the licence between Ulaan and BK, it would be impossible to develop a pit where these results come from. The release does indicate a working relationhship between the companies, but we'll have to wait and see how this is formalized. It will be in the best interests of both companies to work together, but given EA is a govenment owned company, it likely won't be a simple process to formalize an agreement.
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