Erdene Resource Development Corp discovers new mineralization zone

Oyundelger 2017-06-14 05:06

Mining

Continued drilling at Erdene Resource Development Corp’s 100%-owned Bayan Khundii project in Mongolia has discovered a new mineralization zone north of Midfield.

Erdene Resource Development Corp discovers new mineralization zone. Continued drilling at Erdene Resource Development Corp’s 100%-owned Bayan Khundii project in Mongolia has discovered a new mineralization zone north of Midfield. The drilling hole included 7.2g/t gold, and contained visible gold at 144m in north of the Midfield zone. Results are still pending for two step-out holes north of Midfield where visible gold was also observed in the core. The two rigs, 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.