Encouraging polymetallic-gold assay results have been confirmed from the first drill program at Erdene Resources’ Altan Nar (Golden Sun) property in southwest Mongolia. The results are from a shallow, four-hole drill program focused on epithermal-style gold, silver and base metals mineralization.
The 406 metre drill program was completed in mid-September over a 2km x 3km target area containing multiple prospects with several gold-bearing epithermal-style quartz breccia zones. Initial intersections show 55 metres of 1.02 grams/tonne gold and 12 grams/tonne silver, including 23 metres of 2.07 grams/tonne gold and 23 grams/tonne silver.
“Altan Nar is proving to be an exceptional new discovery based on the size of the system and the extensive precious and base metal mineralization now confirmed through drilling,” said Erdene’s president and CEO Peter Akerley. “We are very encouraged by these initial, near surface, drilling results and look forward to the continued exploration of this exciting prospect.”
Other highlights of the drill program include a 70 metre-wide alteration zone with multiple gold-bearing zones intersected across the four holes over 100 metre strike length. The gold-bearing epithermal quartz breccia system has been tested to a vertical depth of 85 metres with geophysical anomalies suggesting continuity and local intensification at depth.
A regional soil survey at the prospect identified a broad polymetallic gold-in-soil anomaly. This exploration program was initiated after the company discovered copper-gold mineralization at its Nomin Tal prospect, about 2.5 kilometres northeast of Altan Nar.