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Erdene starts Drilling Program at the Khundii Gold Project in Mongolia

Mining News - Published on Fri, 20 Sep 2019

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Erdene Resource Development Corp announced the commencement of the second phase of the 2019 drill program at the 100%-owned Khundii Gold Project. Mr Peter Akerley, Erdene's President and CEO, said "The current drill program will follow up on our Q2 2019 program, which discovered high-grade gold in a previously untested area of the Bayan Khundii deposit and intersected 1!2 metres grading 5.9 g/t gold at Midfield, confirming the continuity of high-grade mineralization from near surface in the heart of the Bayan Khundii deposit. Exploration drilling will test the high-priority Khundii North and CSZ targets, as well as the newly discovered Khundii South zone of the Bayan Khundii Mining License. Resource definition and geotechnical drilling within the Bayan Khundii deposit will support the Bankable Feasibility Study which will commence on completion of the Pre-Feasibility Study, anticipated in early Q4. With the recent receipt of the Bayan Khundii Mining License, we are working to fast track development of the high-grade, open-pit gold project, while continuing efforts to grow resources in this new district.”

This campaign is the second phase of the 2019 drill program announced in April 2019. Results from the first phase included

High-grade continuity in the heart of the Bayan Khundii deposit, intersecting 112 metres of 5.9 g/t gold at Midfield (BKD-261)

New near surface zone at Midfield, drilling 14 metres of 14 g/t (BKD-262), starting 7 metres from surface

Highest grades to date at Striker West, including 3 metres of 40 g/t gold (BKD-265), west of the proposed pit

Discovery of high-grade gold, 1 metre of 51.9g/t gold (BKD-266), in the previously untested Khundii South zone

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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