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Erdene Intersects 20 Metres of 10.3 g/t Gold at Altan Nar Project and Expands Bayan Khundii and Altan Nar Drilling Program to 33,000 Metres www.erdene.com
Halifax, Nova Scotia – October 12, 2017 – Erdene Resource Development Corp. (TSX:ERD)
("Erdene" or "Company") is pleased to provide an exploration update on its gold projects in southwest Mongolia, including drill results from its 100%-owned Altan Nar Gold-Polymetallic Project (“Altan Nar”), and an update on its flagship, 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”), 16 kilometres southeast of Altan Nar, where drilling is on-going with results pending.
“Today’s results from Altan Nar are a further testament to the exceptional fertility of this emerging gold district,” said Peter Akerley, Erdene’s President and CEO. “These results demonstrate significant expansion potential for the existing deposit areas and provide exciting new discovery opportunities within the greater 5.6 kilometre Altan Nar trend. Our continued exploration success at both the Bayan Khundii and now the Altan Nar gold projects has led to a decision to significantly increase our 2017 drill program.
When considered in the broader district-scale context, we believe the success rate experienced by our
company at the grassroots drilling stage is a good indication of the region’s potential for additional
discoveries.”
Published Date:2017-10-13
