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EYEBROW

29 September 2017
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Exploration / Development > Resource-definition

Bayan Khundii's high grades continue

Erdene Resource Development’s (CN:ERD) Bayan Khundii project in southwest Mongolia is continuing to deliver high-grade results, with 61m at 4.2g/t gold including 1m at 111g/t among the latest assay highlights.

Staff reporter

Exploration / Development > Resource-definition

Bayan Khundii's high grades continue

Erdene Resource Development’s (CN:ERD) Bayan Khundii project in southwest Mongolia is continuing to deliver high-grade results, with 61m at 4.2g/t gold including 1m at 111g/t among the latest assay highlights.

Staff reporter

Bayan Khundii's high grades continue

Erdene hits 61m grading 4.2g/t gold at Bayan Khundii

"Results reported today include many intervals with ounce to multi-ounce gold intersections, including some in areas not previously identified as high-grade such as north of Midfield, west of Striker and near-surface between Midfield and Striker," president and CEO Peter Akerley said.

The company's first drill hole at the project two years ago returned 7 metres at 27g/t from 14m.

Erdene has drilled 24,376m at Bayan Khundii so far this year and drilling is continuing with more results expected in January as it works to establish a resource estimate in mid-2018.

It has also received high grade results from exploration at a newly discovered area 3.2km north-east of Bayan Khundii, Khundii North, where rock chip sampling this quarter has returned up to 22g/t gold.

Shared in the company were down slightly at C54c yesterday, near the lower end of its 52-week range of 43c-$1.40.

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