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Bayan Khundii, Mongolia: 108m grading 2.8g/t gold from 97.7m depth (BKD-110) www.mining-journal.com
Continued drilling at Erdene Resource Development Corp’s (CN:ERD) 100%-owned Bayan Khundii project in Mongolia has discovered a new mineralisation zone north of Midfield.
The above-mentioned drill hole, 60m north of the Midfield zone, also included 20m at 7.2g/t gold, and contained visible gold at 144m.
Erdene said this visible gold represented the “most strongly mineralised comb-textured vein observed to date” at the project.
Results are still pending for two step-out holes north of Midfield where visible gold was also observed in the core.
The latest assays also identified a previously untested area for exploration, with BKD-118 returning 10m of 12.8g/t gold, 90m east of the Striker zone.
The two rig, 20,000m programme is continuing and Erdene said more detailed drilling would then be done before establishing a resource estimate.
Investor confidence in the company is growing with Erdene’s share price up more than 245% in 12 months.
Published Date:2017-06-12
