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

Boeing Co.  (BA) – Get Report shares leapt to the top of the Dow Thursday after it said it would shift all of its 787 Dreamliner activity to South Carolina as it continues to consolidate its fleet production in the wake of demand changes brought by the coronavirus pandemic.

The stock pared some of those gains, however, after Washington Governor Jay Inslee said the move from suburban Seattle, where the current 787 production is based, could trigger a review of the planemaker’s “favorable tax treatment”.

Boeing said the move will be completed next year, starting with a previously-announced rate of six aircraft a year, although some production will continue at its Everett facility until the North Charleston, South Carolina move is complete. 

“The Boeing 787 is the tremendous success it is today thanks to our great teammates in Everett. They helped give birth to an airplane that changed how airlines and passengers want to fly. As our customers manage through the unprecedented global pandemic, to ensure the long-term success of the 787 program, we are consolidating 787 production in South Carolina,” said Boeing commercial CEO Stan Deal.

“Our team in Puget Sound will continue to focus on efficiently building our 737, 747, 767 and 777 airplane families, and both sites will drive Boeing initiatives to further enhance safety, quality, and operational excellence,” he added.

Boeing shares were marked 0.5% higher in early afternoon trade, among the top gainers on the Dow Jones Industrial Average, and changing hands at $166.12 each. 

Boeing said earlier this year that it will delay the ramp-up of production on the 737 MAX, which has been grounded by regulators around the world, including the FAA, following fatal crashes in 2018 and 2019, and announced the end production of its iconic 747 jumbo jet in