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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.
Bayan Khundii's high grades continue Bayan Khundii's high grades continue Bayan Khundii's high grades continue Bayan Khundii's high grades continue Bayan Khundii's high grades continue

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

Staff reporter

"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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