Erdene Resource Development Corp expects to begin an exploratory drilling program by the end of this month at the Nomin copper-gold prospect in south-western Mongolia. The program will test a number of geochemical and geophysical targets on this property.
Nomin is a new copper-gold discovery where samples from ancient shallow pits returned an average of 2.2% copper and 1.7 grams/tonne gold over a strike length of 250 metres. A sample from a second similar occurrence, 1.2km south-southwest of the main occurrence, returned assays of 1.6% copper and 1.15 grams/tonne gold.
Magnetic and IP dipole-dipole surveys have been completed over the area of the mineral occurrences and earlier this year Wave Geophysics of Colorado, USA, was contracted to re-process and create a 3D model of the geophysical data from the property to assist in the identification of drill targets.
In the remainder of 2011 Erdene aims to continue to expand its program of regional exploration to identify areas, principally in southern Mongolia, with the potential to host porphyry related copper-gold-molybdenum mineralization.
The company expects to receive results shortly from a follow-up drilling program at the Khuvyn Khar copper prospect, which is on the company’s flagship Zuun Mod licence. A drill hole located 2.2km to the northwest of the main Zuun Mod molybdenum/copper deposit returned an average grade of 1.3% copper and 9.24 grams/tonne silver over 34 metres from 308 metres.
Erdene is also involved in a comprehensive coal generative and acquisition program in Mongolia that evaluates numerous prospective metallurgical and high-quality thermal coal deposits. The program is being fully funded by the company's partner, Xstrata Coal, under an alliance agreement with whom it is coordinating operations.