Excerpt from Stockwatch Gold Peter Akerley's Erdene Resource Development Corp. (ERD) was unchanged despite new assays, closing at 28 cents on 258,000 shares. The company has drilled a 12-metre interval averaging 20.2 grams of gold per tonne at its Dark Horse Main South prospect on the Bayan Khundii property in southwestern Mongolia. Most of the gold occurred within a six-metre stretch that averaged 39.6 grams per tonne.
There were other high-grade hits at Dark Horse Mane North, including a three-metre interval averaging 34.4 grams per tonne in a second hole and two one-metre intervals averaging 13.7 grams per tonne and 11 grams per tonne respectively in two other tests. Erdene also hit a two-metre interval at Dark Horse Mane North, which averaged 11.2 grams per tonne, and it applauds having "confirmed potential" at the East Mane target, about 500 metres east of Dark Horse Mane.
Mr. Akerley, president and CEO, cheered the new results as having "successfully expanded high-grade mineralization" along the 1,500-metre-long Dark Horse Mane trend, and for producing multiple targets in adjacent areas. The new assays, he gushes, "include the highest-grade intervals to date at Dark Horse Mane North." Erdene has now delineated over nine kilometres of prospective structures at Bayan Khundii, Mr. Akerley concludes, and so plans are being finalized for more drilling along this trend.
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