Plan View Map 1

Plan View Map 1
Plan View Map 1
Plan View Map 1

Plan View Map 2

Plan View Map 2
Plan View Map 2
Plan View Map 2

HALIFAX, Nova Scotia, Oct. 01, 2020 (GLOBE NEWSWIRE) — Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) announces the conclusion of and the initial results from the first phase of its 18,000 metre Khundii Gold District drill program.

Highlights:

  • Phase I Drilling complete, totaling over 10,000 metres on the Bayan Khundii License:
    – 49 holes including 4 extension holes at Bayan Khundii for 8,435 metres
    – 11 holes at Dark Horse for 1,574 metres

  • Results from the first twelve expansion holes (2,016 metres) at Bayan Khundii include:
    – Midfield North: Expansion drilling on both the western and eastern sides of the proposed economic pit returned high-grade mineralized intersections:
    –– BKD-302 – Eastern flank extension: 3.9 g/t gold over 22.4 metres, including 2 metres of 27.5 g/t gold beginning 127 metres down hole (vertical 115m)
    –– BKD-304 – Western flank extension: 3.9 g/t gold over 12 metres, including 1 metre of 38.9 g/t gold beginning 206 metres down hole (vertical 144m)
    – Striker SW: At the southern end of the economic pit, expanded shallow areas of high-grade mineralization beyond the economic pit and outside the current resource:
    –– BKD-310 – 4.0 g/t gold over 10 metres, including 1 metre of 24.5 g/t gold beginning 14 metres down hole, and 44 metres of 1.0 g/t gold, including 1 metre of 16.2 g/t starting 64 metres down hole
    –– BKD-312 – 20.8 g/t gold over 3 metres, including 1 metre of 51.7 g/t gold beginning 13 metres down hole

  • Assays are pending for 48 holes totaling 7,945 metres at Midfield Southeast, Striker West, Northeast Bayan Khundii and Dark Horse
    – Visible gold