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Erdene Continues to Outline Ulaan Feeder Zone In Mongolia www.theassay.com
Erdene Resource Development Corporation (TSX: ERD) has expanded known mineralisation at the Ulaan SE discovery to the west and at depth with the Q2 2022 drill programme located 300 metres west of the construction ready Bayan Khundii Gold Project in southwest Mongolia.
This programme also intersected an interpreted high-grade, gold bearing “feeder” structure. Follow-up exploration at Ulaan SE is currently underway.
Highlights
UDH-53 returned high-grade mineralization within a projected feeder zone, including 2 metres of 24.9 g/t gold within 27 metres of 3.47 g/t gold
UDH-52, 60 metres SSE of UDH-53, intersected a wide zone of mineralisation – 189 metres averaging 0.8 g/t gold
Mineralization at Ulaan SE has been traced over a 200 metre strike, to a depth of 450 metres, that remains open to the west and at depth; highlights of Q2 drilling include:
UDH-35 included the highest average grade intersection to date at Ulaan SE
Intersected 23 metres of 13.7 g/t gold within 41 metres of 8.1 g/t gold, beginning 187 metres downhole
UDH-21, including the hole extension, returned one of the thickest gold zones in the Khundii District
Intersected 335 metres of 1.1 g/t gold, beginning 115 metres downhole, ending in mineralization
Includes 27 metres of 8.7 g/t gold, within 77 metres of 3.2 g/t gold
UDH-36 intersected 179 metres of 1.2 g/t gold, beginning 72 metres downhole
Includes several one-metre, high-grade intersections, ranging from 10-33 g/t gold, and ending in mineralization at 350 metres
“Ulaan drilling has returned very high grade zones in the feeder structure as well as exceptionally thick zones of mineralisation, exceeding 300 metres, which remain open, in the core of the discovery,” President and CEO, Peter Akerley, said.
“This newest Khundii District discovery is interpreted as the western extension of the Bayan Khundii deposit, demonstrating the resource expansion potential from deeper exploration in the District.
“In the past week, we launched a follow-up exploration program. The outcome of this programme as well as the results from the recently completed regional reverse-circulation (RC) programme, will focus our exploration work for the balance of 2022.
“We are confident that we are well on our way to achieving our two million ounce gold equivalent resource target by the end of the year.”
For further information please visit: https://erdene.com/
Published Date:2022-07-27
