Post by
Jack79 on Jun 26, 2021 8:23am
UK exploration...drilling started or not?
On June 17, ERD - Erdene resources commenced Drilling Ulaan Gold Target Adjacent Bayan Khundii Gold Deposit..... Earlier, on June 15, ERD posted news "Erdene Provides Update on Dark Horse Gold Prospect Exploration Program: Commences Follow-Up Drilling"..... Interesting results....... https://www.erdene.com/en/news/2021/
1. Drilling at the northern portion of Dark Horse Mane confirmed continuity of broad, near-surface (within 100 metres depth) zones of lower grade gold. .......Results from the northern portion of the Dark Horse Mane area validate the continuity of near-surface, lower grade, oxide gold mineralization.....with grades in the 0.5 g/t to 1.5 g/t gold range.
2. Gold and indicator element anomalism is increasing 200 metres south of AAD-81 (39metres of 2.7 g/t gold) at 60 to 130 metres depth, presenting a new deep drill target.
3. Ulaan Target Overview and Drill Program Plans: "..Bayan Khundii gold deposit is expected to extend W-SW of the Bayan Khundii deposit across the Khuren Tsav license and along the southern boundary of the Ulaan license.."
What all that means? It means ERD planning extend drilling programme southern, south-west of Dark horse inset. Northern portion of Dark horse inset is neighbor to STGO UK (Undur) license. So, ERD drilled, studied, then decided northern section is low grade, better extend it in south section. Which is almost neighbor to state owned Erdenes-Alt co's Khuren Tsav license...
Gold may not be there, at UK....