An additional round of drilling at Erdene Resource Development’s Altan Nar gold project in southwest Mongolia is under way, with several new targets to be tested over a 5km strike length. “Results from Altan Nar continue to surpass our expectations with recently completed surveys having identified multiple new drill targets,” says Erdene’s president Peter Akerley.  1

“With this round of drilling, we are targeting areas along a 5k strike length with a coincident geochemical and geophysical signature similar to the one over the Discovery Zone where we have drilled off an area of significant gold-bearing epithermal mineralization.”

The drill program will include up to 20 shallow holes over 2500 metres. The 15 exploration targets have been identified outside the area drill-tested to date, which significantly expands the potential of identifying additional gold-bearing epithermal mineralization on the property.

The objective of this new phase of drilling is to determine which of these multiple target areas warrant detailed follow-up drilling, in addition to infill drilling at the Discovery Zone, and the prioritization of such drilling. The results from the detailed follow-up drilling program will be used for an NI 43-101 compliant resource estimate for the project.

Previous drilling in the Discovery Zone has intersected multiple, shallow mineralized zones greater than 30 metres grading more than 1 gram/tonne gold. Results at the south end of the zone included 29 metres @ 4.3 grams/tonne gold and 24.1 grams/tonne silver. Drilling at the northern end intersected a broad mineralized zone that included 29 metres of 1.1 grams/tonne gold and higher grade zones including 4 metres of 10.5 grams/tonne gold and 56 grams/tonne silver.

The recently completed detailed soil geochemical survey, in conjunction with surface rock chip sampling that has generated assay results commonly in the range of 1 gram/tonne gold to 27 grams/tonne gold, has identified multiple gold and associated metal anomalies. Of the 249 rock chip samples collected, 135 samples averaged 2.2 g/t gold.

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