ERDENE CONTINUES TO EXPAND NEW ULAAN GOLD DISCOVERY
77 METRES OF 3.2 G/T GOLD, INCLUDING 27 METRES OF 8.7 G/T GOLD AND 152 METRES OF 1.7 G/T, INCLUDING 65 METRES OF 3.1 G/T GOLD
Press Release Halifax, Nova Scotia 2021.10.20
Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to announce assay results from four (4) holes in the South Ulaan gold discovery expansion drill program. Today’s results confirm thick sequences of high- grade gold mineralization continue west of the initial discovery.
Highlights
- Drilling expands mineralization at South Ulaan to the west, with multiple thick gold mineralized zones with high-grade intersections:o UDH-21: 77 metres of 3.2 g/t gold and 71 metres of 0.8 g/t gold
§ Includes 27 metres of 8.7 g/t gold, including one metre of 156.5 g/tgold
o UDH-22: 65 metres of 3.1 g/t gold within 152 metres of 1.7 g/t gold§ Includes 7 metres of 18.5 g/t gold, including one metre of 119.8 g/t goldo UDH-19: 190 metres of 0.7 g/t gold
§ Includes 5 metres of 12.5 g/t gold, including one metre of 60.6 g/tgold - Together with the Bayan Khundii deposit, Dark Horse and Altan Arrow Prospects, these results demonstrate the potential scale of mineralization within the Khundii- Ulaan Hydrothermal system
o Results from drilling at the Dark Horse Zone, consisting of 36 holes totaling 2,286 metres, will be reported by mid-Q4
o Developing exploration plans to test high-priority geochemical and geophysical targets throughout the large Khundii-Ulaan system