(Image via Erdene Resources.)
Halifax-based
Erdene Resource Development Corporation (TSX: ERD) reported on Tuesday its final results from the first 10,000-metre phase of its 18,000-metre Khundii Gold District drill program, including multiple high-grade gold intersections in areas adjacent to the planned Bayan Khundii economic pit.
Highlights include high-grade gold intersections in a new zone 200 metres west of the Bayan Khundii pit and Continuity of gold mineralization along 200 metre structure.
In
a media release on this news, Peter Akerley, Erdene’s President and CEO said that recent drilling has expanded gold mineralized zones beyond the pit and resource boundaries in multiple locations, confirming the potential to expand resources at our Bayan Khundii Gold Project, most significantly in the Striker West zone.
“Coupled with the previously announced 2020 drilling results from high-grade zones in Midfield South East, Midfield North and Striker South, located peripheral to the existing high-grade reserves, we have intersected mineralization that should meaningfully add to total gold resources.”
ERD has engaged independent consultants to incorporate these results into an updated resource estimate that is also expected to use an updated gold price to determine the resource cut-off grade in defining a revised pit constrained resource.
Erdene’s deposits are located in the Edren Terrane, within the Central Asian Orogenic Belt, host to some of the world’s largest gold and copper-gold deposits.