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HomeMongolia NewsErdene Continues to Outline Ulaan Feeder Zone, Intersects

Erdene Continues to Outline Ulaan Feeder Zone, Intersects

HALIFAX, Nova Scotia, July 26, 2022 (GLOBE NEWSWIRE) — Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to announce final results from the Q2 2022 drill program at Ulaan Southeast (“Ulaan SE”), located 300 metres west of the construction ready Bayan Khundii Gold Project in southwest Mongolia. This program expanded known mineralization at the Ulaan SE discovery to the west and at depth, and intersected an interpreted high-grade, gold bearing “feeder” structure. Follow-up exploration at Ulaan SE is currently underway.

Highlights

  • UDH-53 returned high-grade mineralization within a projected feeder zone, including 2 metres of 24.9 g/t gold within 27 metres of 3.47 g/t gold
  • UDH-52, 60 metres SSE of UDH-53, intersected a wide zone of mineralization – 189 metres averaging 0.8 g/t gold
  • Mineralization at Ulaan SE has been traced over a 200 metre strike, to a depth of 450…

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