Canada-based Erdene begins drilling at Bayan Khundii gold project in Mongolia
Erdene Resource Development has commenced its 2018 drill program at its fully owned Bayan Khundii gold project in southwest Mongolia.
Canada-based Erdene begins drilling at Bayan Khundii gold project in Mongolia. Erdene Resource Development has commenced its 2018 drill program at its fully owned Bayan Khundii gold project in southwest Mongolia. This drilling will test for extension and continuity of structurally-controlled high-grade gold feeder zones in multiple locations and will be followed by gradual step-out drilling to define the perimeter of the Bayan Khundii gold system in advance of a late Q3-2018 maiden resource estimate. The Bayan Khundii drill program will be followed by drill testing of more distal targets at our neighboring Altan Arrow, Khundii North and Ulaan projects later in Q2. Through its Alliance with Teck Resources Limited, Erdene also intends to continue to assess regional opportunities for porphyry and porphyry-related mineralization within the larger Edren Terrain and intends to pursue acquisitions as opportunities arise in the Alliance’s area of interest in southwest Mongolia.
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